Mergers and Acquisitions

EMR Capital in its announced agreement to acquire the Cerro Colorado mine in Chile from BHP Billiton Limited for an aggregate cost of up to US$320 million, US$50 million of which is contingent on the future price of copper.

EMR Capital
Key Contact
Alan Hutchison

Partner, Corporate, Vancouver

Team
Paula Olexiuk

Partner, Energy and Construction, Calgary

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Nathaniel Lipkus

Partner, Intellectual Property, Toronto

Patrick J. Sullivan

Partner, Corporate, Vancouver

Osler is representing EMR Capital in connection with its announced acquisition of the Cerro Colorado copper mine in Chile from BHP Billiton Limited for an aggregate cost of up to US$320 million, US$50 million of which is contingent on the future price of copper. The sale is subject to financing and customary closing conditions and is expected to close during Q4 2018.

EMR Capital is a private equity firm specializing in investments in in listed and unlisted resource companies with iron ore, coal, potash, coking coal, copper or gold projects and mining at various stages of development.

BHP Billiton Limited is an international resources company focusing on mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel and copper concentrate, as well as petroleum exploration, production, and refining.

The Osler team is led by Alan Hutchison (M&A, Mining) and includes Paula Olexiuk (Energy), Shuli Rodal (Competition and Foreign Investment), Nathaniel Lipkus (IP) and Patrick Sullivan (M&A, Mining).

Value
US$320 million
Date Closed
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Lead Office
Vancouver
Key Contact
Alan Hutchison

Partner, Corporate, Vancouver

Team
Paula Olexiuk

Partner, Energy and Construction, Calgary

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Nathaniel Lipkus

Partner, Intellectual Property, Toronto

Patrick J. Sullivan

Partner, Corporate, Vancouver