Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 09-07-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Norilsk Nickel Sale of Black Swan Nickel Project | Industry: | Mining |
| Description: |
Leading international law firm Clifford Chance has advised OJSC MMC Norilsk Nickel's Australian subsidiaries on the sale of their Black Swan Nickel Project in Western Australia to Poseidon Nickel Limited (ASX:POS).
OJSC MMC Norilsk Nickel group is the world's largest nickel and palladium producer and one of the largest producers of platinum and copper. The company originated in Russia more than 70 years ago and currently has operations in Russia, Finland, Botswana, South Africa and Australia.
Poseidon is a nickel sulphide exploration and development company based in Perth, Western Australia.
The sale is subject to regulatory approvals and satisfaction of other customary closing conditions and is expected to close in the second half of 2014.
Justin Harris led the Clifford Chance team advising Norilsk Nickel, assisted by corporate counsel Sean Houthuysen and environmental law counsel Robyn Glindemann.
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| Financial Center: | Perth | Value: | 0.00-0.00 |
| Advised Party: | Seller | Law Firm | Clifford Chance |
| Assets Jurisdiction | Australia | Purchaser Jurisdiction | Australia |
| Classification: |
Transfer of Infrastructure Assets Mining Assets |
Lawyer | Justin Harris |
