MINING - Bowmans La€¢ Barrick Gold Corporation (Canada) ... affecting their two mining companies in Tanzania – Dodsal Resources Mining Itilima and Dodsal Resources Mining Itingi;

MINING

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BOWMANS

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Contents

04 OurFirm

05 OurFootprintinAfrica

06 OurMiningSector

07 OurSpecialistServices

08 OurSignatureMatters

10 Accolades

12 KeyContacts

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BOWMANS

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Our Firm

Bowmans is a leading Pan-African law firm. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.

WithsevenofficesinfiveAfricancountriesandover400specialisedlawyers,we

aredifferentiatedbyourgeographicalreach,independenceandthequalityoflegalservicesweprovide.

WedrawonouruniqueknowledgeoftheAfricanbusinessenvironmentandin-depthunderstandingofthesocio-politicalclimatetoadviseclientsonawiderangeoflegalissues.Ouraimistoassistourclientsinachievingtheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.

Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.

Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WehavebeennamedAfricaLegalAdviserbyDealMakersforthelasttwoconsecutiveyears(2014and2015)andSouthAfricanLawFirmoftheYearfor2016bytheWho’s Who Legal.MostrecentlywewontheBanking,FinanceandRestructuringTeamoftheYear,theEmploymentTeamoftheYear,andthePropertyTeamoftheYearAwardsattheprestigiousAfricanLegalAwardshostedby Legal WeekandtheCorporateCounselAssociationofSouthAfricain2016.

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WeprovideintegratedlegalservicesthroughoutAfricafromsevenoffices

(Antananarivo,CapeTown,DaresSalaam,Durban,Johannesburg,KampalaandNairobi)infivecountries(Kenya,Madagascar,SouthAfrica,TanzaniaandUganda).

WeworkcloselywithleadingNigerianfirm,UdoUdoma&Belo-Osagie,whichhasofficesinAbuja,LagosandPortHarcourt,andhavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.

WeprovidecoverageoffrancophoneOHADAjurisdictionsacrossthecontinent(includingBenin,BurkinaFaso,Burundi,Cameroon,CentralAfricanRepublic,Chad,CongoRepublic,DemocraticRepublicofCongo,Gabon,Guinea,IvoryCoast,Mali,Mauritania,Niger,Rwanda,SenegalandTogo)fromourofficeinMadagascar.

WearerepresentativesofLexMundi,aglobalassociation,withmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.

Our Footprint in Africa

Bowmans offices

Relationship firm

Francophone Africa coverage

Significant transaction

or advisory experience

Bowmans offices

Relationship firm


Significant transaction or advisory experience

SOUTH AFRICA

MADAGASCAR

NIGERIA

KENYA

TANZANIA

UGANDA

Bowmans offices

Relationship firm


Significant transaction or advisory experience

SOUTH AFRICA

MADAGASCAR

NIGERIA

KENYA

TANZANIA

UGANDA

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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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Mining

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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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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Accolades

AFRICANLEGALAWARDS2016WereceivedtheawardsforBanking,FinanceandRestructuringTeamoftheYear,EmploymentTeamoftheYearandPropertyTeamoftheYear.

DEALMAKERSAWARDS2016WehavebeenidentifiedastheleadinglegaladviserinAfricabybothdealvalueandnumberoftransactions.WewerealsorankedthirdinSouthAfricaformergersandacquisitionsbydealvalue.

INTERNATIONALLAWOFFICECLIENTCHOICEAWARDSWewontheawardforSouthAfricafor2005,2006,2008,2011andagainin2015.

WHO’SWHOLEGALAWARDS2016WewerenamedSouthAfricanLawFirmoftheYear.

INDIABUSINESSLAWJOURNAL2016WewereidentifiedasoneoftheleadinginternationallawfirmsforIndiawork.

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49 Recognised Lawyers30 Recognised

Lawyers57 Recognised Lawyers

BAND1

KENYA

Banking&FinanceCommercial,Corporate&M&ARealEstate&Construction

SOUTHAFRICA

Commercial,Corporate&M&ACompetitionConstructionLabour&EmploymentProjects&InfrastructureShipping&Transport

TANZANIA

LegalMarketOverview

BAND2

KENYA

DisputeResolutionProjects&Energy

SOUTHAFRICA

Banking&FinanceDisputeResolutionInvestmentFundsRealEstateTax

TIER1KENYA

Corporate&FinancialMining

SOUTHAFRICA

CapitalMarketsCompetitionEnergyM&A

TANZANIA Energy&InfrastructureUGANDA

Energy&InfrastructureFinancial&Corporate

TIER2

KENYA

EnergyInfrastructure

SOUTHAFRICA

BankingInfrastructureMiningOil&GasProjectFinance

TANZANIA

Financial&Corporate

BAND1

KENYA

Banking&FinanceCorporate/CommercialSOUTHAFRICA

CapitalMarkets:DebtCapitalMarkets:EquityCompetitionConstructionCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT/TelecommunicationsProjects&Energy

TANZANIA

GeneralBusinessLaw

UGANDA

GeneralBusinessLaw

BAND2

MADAGASCAR

GeneralBusinessLaw

SOUTHAFRICA

Banking&FinanceDisputeResolutionMedia&BroadcastingTax

THE LEGAL 500 EMEA 2016 RANKED US IN THE FOLLOWING AREAS

IFLR1000 2017 RANKED US IN THE FOLLOWING AREAS

CHAMBERS & PARTNERS 2016 RANKED US IN THE FOLLOWING AREAS

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CHARLESYOUNG HeadofMiningSectorJohannesburg,SouthAfrica T:+27116699327E:[email protected]

Key Contacts

JOHNFFOOKS HeadofFrancophoneAfricaAntananarivo,Madagascar T:+261331263523E:[email protected]

CLAIRETUCKER HeadofPublicLawandRegulatoryJohannesburg,SouthAfrica T:+27116699402E:[email protected]

EZRADAVIDS ChairmanofCorporate/M&AJohannesburg,SouthAfrica T:+27116699320E:[email protected]

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WILBERTKAPINGA ManagingPartnerDaresSalaam,Tanzania T:+255222198026E:[email protected]

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DAVIDF.K.MPANGA PartnerKampala,Uganda T:+256414254540E:[email protected]

WANDISILEMANDLANA PartnerJohannesburg,SouthAfrica T:+27116699562E:[email protected]

Toviewprofilesofourlawyers,

pleasevisitwww.bowmanslaw.com

RAINBOWFIELD DirectorNairobi,Kenya T:+254202899000E:[email protected]

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Antananarivo

T:+261202243247E:[email protected]

CapeTown


DaresSalaam


Durban


Johannesburg


Kampala


Nairobi


FollowusonTwitter:

@Bowmans_Law

www.bowmanslaw.com

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Documents

MINING - Bowmans La€¢ Barrick Gold Corporation (Canada) ... affecting their two mining companies in Tanzania – Dodsal Resources Mining Itilima and Dodsal Resources Mining Itingi;