China Molybdenum Co., Ltd

China Molybdenum in its US$1.5 billion acquisition of Anglo American’s Brazilian niobium and phosphates businesses

Client

China Molybdenum Co. Ltd

Value

US$1.5 billion

Service

Mergers and Acquisitions

Date Closed

September 2016

Industry

Mining

Lead Office

New York



On September 30, 2016, China Molybdenum Co., Ltd (“CMOC”) acquired Anglo American plc's (“Anglo American”) niobium and phosphates businesses for a total cash of US$1.5 billion.

The transaction positions CMOC as the second-largest supplier of phosphates in Brazil and the second-largest niobium supplier globally.

The wholly-owned niobium and phospChina Molybdenum Co., Ltd in its acquisition of Anglo American PLC’s Brazilian Niobium and Phosphates Businesses for US$1.5 billionChina Molybdenum Co., Ltd in its acquisition of Anglo American PLC’s Brazilian Niobium and Phosphates Businesses for US$1.5 billionhates businesses are located in the states of Goiás, Minas Gerais and São Paulo, in Brazil. The phosphates business consists of an open pit mine, beneficiation plant, two chemical complexes and two further mineral deposits. The niobium business consists of one operating open pit mine and two non-operating mines, and three processing facilities, two non-operating mines, and two further mineral deposits in Brazil and sales and marketing operations in the United Kingdom and Singapore.

CMOC is a joint stock company established in the People's Republic of China. The Company is primarily engaged in the mining and processing, smelting, deep processing, trade, research and development of molybdenum, tungsten, gold and other precious metals.

Osler, Hoskin & Harcourt LLP represented CMOC with a team led by Marc Kushner that included Adam Gutkin, Alix Morse, Michael Budabin McQuown, Amma Anaman, and Jillian Mulroy (Corporate); Paul Seraganian and Jennifer Lee (Tax), Shuli Rodal (Competition/Antitrust & Foreign Investment) and Andrew Herr (Banking and Financial Services).


Team
Marc  Kushner
Key Contact

Marc Kushner

Partner, Corporate

Michael Budabin McQuown

Michael Budabin McQuown

Partner, Corporate

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment

Andrew G.  Herr

Andrew G. Herr

Partner, Financial Services

Jennifer Lee

Jennifer Lee

Partner, Taxation

Alix Morse

Alix Morse

Associate, Corporate

Jillian Mulroy

Jillian Mulroy

Associate, Corporate