Rebecca Campbell

Financing

• Representation of Ivanhoe Mines in connection with US$420 million project financing, including senior debt, of the Platreef platinum-nickel-palladium-gold-copper-rhodium project in South Africa. The transaction includes Orion Mine Finance US$300 million streaming facility. 
• Representation of a consortium of lenders in the closing of a US$140 million senior secured bank project financing facility for the development of the Serrote open pit copper-gold mine and processing plant project in Alagoas, Brazil. The financing package will be used to complete the construction of the 4.1 million tonnes per annum project, which is expected to achieve first production in the second half of 2021. Serrote will be the first major mining project in Alagoas. 
• Representation of Kamoa Copper SA, a joint venture between Ivanhoe Mines and Zijin Mining, on its equipment financing, comprising an EKN-supported export credit facility of €176 million and a down payment facility of US$24 million.
• Representation of the lenders (Natixis, BNPP, SocGen, Credit Agricole, ING, IFC and DFC) to Compagnie des Bauxites de Guinee (CBG), on the approximately US$700 million expansion financing of the CBG bauxite project in the Republic of Guinea (2016), the subsequent multi-user rail corridor expansion (2020) and various ongoing matters.
• Representation of the lenders on the project financing of the Tri-K gold project in Guinea.
• Representation of SolGold on the development and royalty financing of a major greenfield copper-gold project in Ecuador, including a recently closed US$150 million net smelter returns agreement with Franco Nevada. We led the intercreditor structuring and negotiation.
• Representation of the lenders to Kenmare Resources on a hybrid refinancing in relation to the Moma Titanium Minerals Mine in northern Mozambique.
• Representation of HPX in project development and financing activities, including government negotiations for the transnational Guinea-Liberia evacuation corridor.
• Representation of the pathfinder project finance lenders to Sirius Minerals Plc's proposed Phase 2 financing of the North Yorkshire Polyhalite Project. The financing structure for the project included a large royalty financing and was the source of complex intercreditor issues.
   

M&A/Corporate/Strategic advisory

• Representation of Vale on its disposal of the Moatize coal mine and the Nacala rail / port corridor located in Mozambique and Malawi to Vulcan Minerals. The transaction was a strategic divestment by Vale, part of Vale’s ongoing strategy to exit all coal assets globally and to become a leader in low-carbon mining.
• Representation of Future Global Resources Limited on the acquisition of the Bogoso Prestea gold mine in Ghana Golden Star Resources. 
• Representation of Agyapa Royalties on the proposed IPO of the Ghanaian Government's gold royalty portfolio.
• Representation of Nouveau Monde in its US initial public offering of 7.95 million common shares on the New York Stock Exchange (NYSE) for gross proceeds of US$59 million. The common shares started trading on the NYSE on May 24, 2021 under the ticker symbol NMG.
• Representation of ASX and AIM-listed European Metals, in the sale of the majority of its Czech Cinovec Lithium Project to Czech-utility CEZ, including associated shareholder approvals and joint venture arrangements with CEZ.
• Representation of Newmont Mining Corp., a gold and copper producer based in the United States with operations worldwide, on its US$10 billion acquisition of Goldcorp Inc., a Canadian senior gold producer.
• Representation of Grupo Mineros S.A. on their acquisition from Yamana of 100% of the producing Gualcamayo gold mine in Argentina and a portfolio of exploration assets in Chile.
   

Distressed and restructuring

• Representation of the ad hoc group of bondholders in respect of the US$650 million 7.25% senior secured second lien notes in the financial restructuring of the London-listed diamond mining group, Petra Diamonds. 
• Representation of PXF creditors in the financial restructuring of the Mechel Group, one of Russia's leading mining and metals companies.
• Representation of NWR in its second round of operational and balance sheet restructuring following the further significant decline in the coal price since the first round of restructuring in 2014.
• Representation of NWR in its comprehensive, cross-border balance sheet restructuring, allowing NWR to focus on its operational turnaround and survive the prolonged downturn in the global coking and thermal coal markets. This complex transaction involved a UK Scheme of Arrangement and a Rights Issue and Placing on the London, Warsaw and Prague Stock Exchanges, drawing on a complex mix of capability across mining, restructuring, debt and equity capital markets, corporate and tax. This deal won "2014 Industrial Goods and Basic Resources Deal of the Year" at M&A Advisor's Turnaround Awards and "Best Restructuring in CEE 2015" at the EMEA Finance Achievement Awards.
   

Supply Chain/Prepay financing and Offtake/Operational Excellence/Innovation

• Representation of Global Palladium Fund as English law counsel in relation to its metals-backed ETC programme establishment
• Representation of Concord, as offtaker and lender in connection with the financing of the Nevada Gold-Copper Project. This financing structure includes a Triple Flag stream and a UFK-covered KFW senior debt tranche.
• Regular advisor to Emirates Global Aluminium, a global, vertically integrated aluminium producer, on major supply chain and offtake agreements, and operational excellence projects.
• Representation of the Ministry of Energy of the Kingdom of Saudi Arabia on the wholesale reformulation of the legal and regulatory environment for the mining sector as part of the NTP and Vision 2030. This included a significant multi-jurisdictional benchmarking exercise.
• Representation of MineHub, a mining & metals supply chain blockchain platform, on its consortium arrangements and development of its blockchain ecosystem.