MINING - bowmanslaw.com€¦ · relating to local mining legislation, including but not limited to...

MINING

BOWMANSBOWMANS

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Mining

Contents

04 OurFirm

05 OurFootprintinAfrica

06 OurMiningSector

07 OurSpecialistServices

08 OurSignatureMatters

10 Accolades

12 KeyContacts

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Our Firm

WithsevenofficesinfiveAfricancountriesandover400specialisedlawyers,

wedrawonouruniqueknowledgeofthebusinessandsocio-politicalenvironmenttoadviseclientsonawiderangeoflegalissues.

Everywherewework,weofferclientsaservicethatuniquelyblendsexpertiseinthelaw,knowledgeofthelocalmarketandanunderstandingoftheirbusinesses.Ouraimistoassistthemtoachievetheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.

Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.

Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WereceivedawardsinthreeoutoffourcategoriesattheDealmakersEastAfricaAwardsfor2019:toplegaladviserintheM&ACategoryforbothdealflowandvalueandadvisedontheDealoftheYear.IntheDealmakers SouthAfricaAwardsfor2019,wewereplacedthirdfordealvalueintheM&ACategoryandadvisedonboththeDealoftheYearandtheBEEDealoftheYear.

We help our clients overcome legal complexity and unlock opportunity in Africa. Our track record of providing specialist legal services in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.

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Our Footprint in Africa

Mozambique

Kenya

Tanzania

South Africa

Nigeria

Uganda

Mauritius

Best friends

Bowmans offices

Significant transaction or advisory experience

Alliance firms

Ethiopia

WeprovideintegratedlegalservicesthroughoutAfricafromsevenoffices

(CapeTown,DaresSalaam,Durban,Johannesburg,Kampala,MokaandNairobi)infivecountries(Kenya,Mauritius,SouthAfrica,TanzaniaandUganda).

Weworkcloselywithouralliancefirm,AmanAssefa&AssociatesLawOffice,inEthiopia,andourbestfriendsinNigeriaandMozambique(UdoUdoma&Belo-OsagieandTacianaPeãoLopes&AdvogadosAssociados,respectively).WealsohavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.

WearerepresentativesofLexMundi,aglobalassociationwithmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.

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Our Mining Sector

Asthelong-termdemandforAfrica’sresourcesgrows,weanticipateagrowingdemandforrelatedlegalservices.

Wehaveastrongrecordofactingonthemostsignificantmining-relatedmergersandacquisitionsacrosstheAfricancontinent.Wesupportourclientsthrougheveryaspectofminingandresourcerelatedtransactionsfromtheinitialduediligencethroughregulatorycompliancetonegotiatingandclosingthedeals.Wehavealsoadvisedonsomeofthelargestandmostinnovativedebtandequitycapitalmarkettransactionsonthecontinent.

Weareabletoco-ordinateourservicethroughasinglepointofcontactofferingaseamlessserviceandmakingtheexecutionofcross-bordertransactionslesscumbersome,time-consumingandcostly.

Whetherclientsarenegotiatingofftakes,supplysidecontractsorrequireday-to-daycommercialagreementsupport,wehavethenecessarydepthofexpertiseandskillstoassist.

Weregularlyadviseclientsonallmattersrelatingtolocalmininglegislation,includingbutnotlimitedtocompliance,miningtitleandotherlegalopinions,applicationsandacquisitionsofrights,reviewapplications,appealsandduediligences.

Wehaveassistednumerousclientsontheinteractionofenvironmentalandmininglegislation,includinglicensing,appealsandcourtreviewsoflicensingdecisions.

Wehaveexperienceinsuccessfullyobjectingtothegrantofprospectingorminingrightapplicationsandpursuingappealsagainstdecisionsregardingthegrantorrefusalofminingandprospectingapplications.

Ourexperienceextendstomineincidentandaccidentenquiries,dealingwithnotificationsandassistingwithlegalcomplianceassociatedwithhealthandsafety.

Ourclientsincludeglobalminingandresourcescompanies,investors,banksandfinancialinstitutions,state-ownedenterprisesandvariousgovernmentdepartmentswithintheminingandresourcessector.

We have established

ourselves as a leading

legal adviser within

the mining industry in

Africa and offer a full

complement of legal

services in this sector.

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Our Specialist Services

WeregularlyadviseclientsonallmattersrelatingtolocalminingandresourcesandrelatedlegislationacrosstheAfricancontinent,includingbutnotlimitedto:

• seniorandstrategiclocalgovernmentandlocalregulatorengagementsinAfrica;

• mergersandacquisitions,jointventuresandjointoperatingagreements;

• capitalmarketstransactions;• advisingborrowersintheminingand

resourcesindustryandfinanciersonminingfinancetransactions;

• draftingofcommercialminingandresourcescontracts,suchascontractmining,offtakeandsupplyagreements;

• environmental,occupationalhealth-and-safetyandminingregulationissuesinAfrica;

• indiginisationandblackeconomicempowermentintheminingandresourcesindustryinAfrica;

• variousregulatoryapplicationsinAfrica,includingapplicationsforthegrantofmineralrights,applicationsfortheMinister’sconsenttotransfermineralrightsandapplicationstoamendmineralrights;

• appealorreviewproceedings;• collectivebargainingandunion

reorganisationandretrenchmentandgenerallabourlawprocedures,processesandappearances;and

• draftingofminingtitleandtransferabilityopinionsandconductingduediligenceinvestigationsonminingtitles.

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“Bowmans has

continued its emergence

and now has a hugely

impressive client base”.

– Legal 500, 2018

Mining

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Someofournotableexperienceintheminingandresourcessectorincludesadvising:

• AfricaBarrickGold(nowAcaciaplc)withrespecttonumerousregulatory,compliance,environmentalandemploymentlawmattersaffectingAcacia'sgroupofminesinTanzania(includingBulyankuluMine,BuzwagiMineandNorthMaraGoldMiningLtd);

• AfricanRainbowMineralsLtd(ARM)ontheproposedrestructuringoftheARMBroad-BasedEconomicEmpowermentTrust.ThisinvolvedaspecificrepurchasebyawhollyownedsubsidiaryofARMof12717328millionsharesinARMfromtheARMBroad-BasedEconomicEmpowermentTrustandtherefinancingoftheARMBroad-BasedEconomicEmpowermentTrust.ThistransactionwasvaluedatZAR1.9billion;

• AfricanRainbowMineralsonitsjointventurewithValeforminingassetsinDemocraticRepublicoftheCongo,Mozambique,NamibiaandZambia;

• AngloGoldAshantiLtdinrespectofitsproposedrestructuring(demerger)ofthecurrentportfolioofAngloGoldAshantiintoseparatelistedvehiclesforeachofitsSouthAfricanandinternationalminingoperations.Theproposeddemergerwascoupledwithaproposedrightsoffer,bothofwhichwerewithdrawnfollowinglackofshareholderappetite(totaldealvalueofUSD7.1billion);

• AssmangLtd,SumitomoCorporationandChinaSteelCorporationinajointventure,inrespectoftheconstruction,commissioningandoperationofhighcarbonferromanganeseand/orsilico-manganesesmeltingplantinSarawak,MalaysiawithavalueofZAR3.3billion;

• BankofChinaLtd,FirstRandBankLtd,NedbankLtd,ABSABankLtd,InvestecBankLtd,JPMorganChaseBankandStandardBankofSouthAfricainthenegotiationandconclusionofaZAR4.5billionsecuredtermandrevolvingfacilitycomprisingaZAR2.5billionrevolvingcreditfacilityandaZAR2billiontermloanfacilityprovidedtoSibanyeGoldLtd,acompanylistedontheJSELtd;

• BarrickGoldCorporation(Canada)inthedisposalofthreeofitsminesinWesternAustraliatoGoldFieldsLtd,wheretheconsiderationreceivedwaspartcashandpartsharesinGoldFieldsLtd;

• BMONesbittBurnsInc,CIBCWorldMarketsInc,MacquarieCapitalMarketsCanadaLtd,RBCDominionSecuritiesInc,MerrillLynchCanadaInc,GMPSecuritiesLP,RaymondJamesLtdinrespectofapublicofferingof95834100unitsforanaggregateamountCAD143751150byCanadianminingcompany,IvanhoeMinesLtd;

• AmajorCanadianfundonitsinvestmentintominingassetsinBurkinaFasoandMali.WeconductedafullduediligenceonboththeBurkinabéandMalianassetsandprovideddetailedopinions;

• CreditSuisseAGandStandardCharteredBank(jointly),asSouthAfricanandEnglishleadcounsel,inthedebtandequityrestructureofaSouthAfricanminingcompany,Southgold,anditsCanadianparentcompany;

• DodsalResourcesFZCOwithrespecttonumerousregulatory,compliance,environmentalandemploymentlawmattersaffectingtheirtwominingcompaniesinTanzania–DodsalResourcesMiningItilimaandDodsalResourcesMiningItingi;

Our Signature Matters

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• ENRCNVinthesaleof51732782ordinarysharesheldinNorthamPlatinumLtd(constitutingapproximately13.01%ofNortham’sissuedsharecapital),followedbyabookbuildinrespectofsuchshareswhichresultedintheplacementofallofthesharesheldbyENRCNV(dealvalueapproximatelyZAR2.5billion);

• SouthAfricancounseltothejointbookrunnersinrelationtoGoldFieldsLtd’srecentacceleratedbookbuildshareplacementvaluedatZAR2.3billion;

• TheGovernmentofGuinea(togetherwithinternationalcounsel)ontheUSD18billionSimandouIronOreProject.Wereviewedallaspectsoftheproject,fromcorporatetoenvironmentaltoemploymentlaw;

• Hulamininrespectoftheestablishmentoftheblackeconomicempowermententity,IsizindaAluminium(Pty)Ltd,andthesubsequentacquisitionofBHPBilliton'sBaysidecasthouseintheRichard'sBayindustrialdevelopmentzone;

• CompetitioncounseltoKomatsuLtdinitsacquisitionofindirectsolecontrolofJoyGlobal,Inc.Weattendedtothemergerfilinginrelationtothistransaction.ThedealisKomatsu'slargestdealeverandonceitiscompleted,Komatsuanditsclosestcompetitorwillaccountforatleastaquarteroftheworld’ssalesofminingequipment.TheglobaltransactionisvaluedatUSD2.9billion;

• MinmetalsontheZambianandSouthAfricanaspectsofitsapproximatelyUSD1.3billionofferforAnvilMining;

• NorthamPlatinuminrelationtotheestablishmentofabroadbasedconsortiumofHistoricallyDisadvantagedSouthAfricans(HDSA),whichwillhold31.4%ofNortham’sissuedshares,bringingNortham’stotaleffectiveHDSAownershipleveltoapproximately35.4%(dealvalueZAR6.6billion);

• RioTintoontheSouthAfricanaspectsofitsacquisitionofAfricafocusedRiversdaleMining,listedontheAustralianStockExchange,and(i)thesubsequentsaleofitscoalassetsinMozambiquetoInternationalCoalVenturesPvtLtdand(ii)thedisposalof100%ofitssharesinRiversdaleHoldings(Pty)LtdtoGalaxyBV(asubsidiaryofMenarHolding.);

• RoyalBafokengPlatinumLtdinrelationtoacombinedofferingofitsshares(involvingaprimaryissuebythecompany,andasecondaryissuebyitsshareholders);

• ShandukaGroup(Pty)LtdandthemajorityshareholdersinrelationtotherestructuringofShandukaGroup(Pty)LtdandmergerwithPembaniGroup(Pty)Ltd,tocreateanewZAR13.5billionblack-controllednaturalresourcesandindustrialholdinggroup;

• TheStandardBankofSouthAfricaLtdinthedisposalofitsentirestakeinShandukaGold(Pty)LtdtoPanAfricanResourcesLtdinatransactionvaluedatZAR176million;

• TransHexGroupLtd,JohannesburgStockExchangelisteddiamondminingcompany,inrelationtoamandatoryofferbyCreamMagenta140(Pty)Ltd,Metcap14(Pty)Ltd,andRACInvestmentHoldings(Pty)Ltd;

• TheTanzanianNationalDevelopmentCorporationwithrespecttoitsMchuchumaCoalProjectaswellasitsjointventurewithSichuanHongdaGroupLtdontheLigangaIronOreProject;

• WogenPacificLtdinrespectofapre-financeagreementintheamountofUSD2millionandofftakeagreementwhichisestimatedtohaveanetpresentvalueofUSD68.9million.

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AccoladesAFRICANLEGALAWARDS2019Wewontwopracticeawards-forTransportationandInfrastructureTeamoftheYearandTMTTeamoftheYear.

CHAMBERSAFRICAAWARDS2018

WewerenamedSouthAfricanLawFirmoftheYear.

DEALMAKERSEASTAFRICAAWARDS2019Wereceivedawardsinthreeoutoffourcategories:toplegaladviserintheM&ACategoryforbothdealflowandvalue,andadvisedontheDealoftheYear(theNIC/CBAmerger).

DEALMAKERSSOUTHAFRICAAWARDS2019

WewereplacedthirdfordealvalueintheM&ACategoryandadvisedontheDealoftheYear(PepsiCo’sacquisitionofPioneerFoods)andtheBEEDealoftheYear(IsantiGlassacquisitionofNampakGlass).

MERGERMARKETLEAGUETABLES2018WewererankedfirstbydealvalueandsecondbydealcountintheAfricaleaguetablesforlegaladvisors,andthirdbydealcountintheMiddleEast&Africaleaguetableforlegaladvisors.

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75 39 24Recognised Lawyers

Recognised Lawyers

Recognised Lawyers

BAND1

KENYA

Banking&FinanceCorporate/M&AEmploymentFinTechIntellectualPropertyRealEstate

SOUTHAFRICA

CapitalMarkets:DebtCapitalMarkets:EquityCompetition/AntitrustCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT&TelecommunicationsProjects&EnergyPublicProcurementShippingTaxTMT

TANZANIA

GeneralBusinessLaw

UGANDA

GeneralBusinessLaw

BAND2

SOUTHAFRICA

Banking&FinanceDisputeResolutionFinTechMedia&BroadcastingRestructuring/Insolvency

KENYAProjects&Energy

CHAMBERS & PARTNERS 2020 RANKED US IN THE FOLLOWING AREAS

TIER1KENYA

Financial&CorporateMining

SOUTHAFRICA

CapitalMarkets:DebtCapitalMarkets:EquityEnergy&PowerM&AUGANDA

Financial&CorporateProjectDevelopment

TIER2KENYA

Energy&PowerInfrastructure

SOUTHAFRICA

BankingInfrastructureMiningOil&GasProjectFinanceTANZANIA

Financial&Corporate

TIER3TANZANIA

ProjectDevelopment

IFLR1000 2020 RANKED US IN THE FOLLOWING AREAS

TIER1KENYA

Banking&FinanceCommercial,Corporate&M&AEmploymentRealEstate&Construction

SOUTHAFRICA

Commercial,Corporate&M&ACompetitionEmploymentProjects&InfrastructureShipping

TANZANIA

LeadingFirm

UGANDA

LeadingFirm

TIER2KENYA

DisputeResolutionPrivitisation&Projects

SOUTHAFRICA

Banking&FinanceConstructionDisputeResolutionInvestmentFundsTax

THE LEGAL 500 EMEA 2019 RANKED US IN THE FOLLOWING AREAS

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CHARLESYOUNG HeadofMiningJohannesburg,SouthAfrica T:+27116699327E:charles.young@bowmanslaw.com

Key Contacts

CLAIRETUCKER HeadofPublicLawandRegulatoryJohannesburg,SouthAfrica T:+27116699402E:claire.tucker@bowmanslaw.com

EZRADAVIDS ChairmanofCorporate/M&AJohannesburg,SouthAfrica T:+27116699320E:ezra.davids@bowmanslaw.com

WILBERTKAPINGA

ManagingPartner,TanzaniaDaresSalaam,Tanzania

T:+255768988640E:wilbert.kapinga@bowmanslaw.com

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RAINBOWFIELD DirectorNairobi,Kenya T:+254202899000E:rainbow.field@bowmanslaw.com

DAVIDF.K.MPANGA PartnerKampala,Uganda T:+256414254540E:david.mpanga@bowmanslaw.com

Toviewprofilesofourlawyers,

pleasevisitwww.bowmanslaw.com

WANDISILEMANDLANA PartnerJohannesburg,SouthAfrica T:+27116699562E:wandisile.mandlana@bowmanslaw.com

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CapeTown,SouthAfrica

T:+27214807800E:info-cpt@bowmanslaw.com

DaresSalaam,Tanzania

T:+255768988640E:info-tz@bowmanslaw.com

Durban,SouthAfrica

T:+27311091150E:info-dbn@bowmanslaw.com

Johannesburg,SouthAfrica

T:+27116699000E:info-jhb@bowmanslaw.com

Kampala,Uganda

T:+256414254540E:info-ug@bowmanslaw.com

Moka,Mauritius

T:+2304688411E:info-ma@bowmanslaw.com

Nairobi,Kenya

T:+254202899000E:info-ke@bowmanslaw.com

FollowusonTwitter:

@Bowmans_Law

www.bowmanslaw.com

AllianceFirm:

AmanAssefa&AssociatesLawOffice,AddisAbaba,Ethiopia

T:+25114702868E:info@aaclo.com