Recent Transactions – September 2013

October, 2013

In focus – Energy and Resources

Our Energy and Resources team provides expert advice to major corporations in the mining, energy and resources sectors in Australia and overseas.  We have recently been involved in a number of M&A deals in the mining sector, involving both domestic and international assets.

One such deal is the proposed sale by Stonewall Resources Limited (ASX:SWJ) (Stonewall) of its South Africa subsidiary, Stonewall Mining Pty Ltd (Stonewall Mining), to Shandong Qixing Iron Tower Co. Ltd (002359.SZ) (Shandong).  Stonewall is an ASX listed gold mining company that holds a range of prospective gold assets, most of which are located in the South African hold mining regions.  Shandong, a listed entity on the Shenzhen Stock Exchange since 10 February 2010, is part of Qixing Group Company Limited.  The parties have entered into a conditional agreement with an indicative purchase of US$140m for Stonewall Mining.

We also acted for a private company which recently completed the acquisition of several quarries for a purchase price of circa. AUD$80m.

Contact Mills Oakley

warren-scott

Warren Scott | Partner
T: +61 3 9605 0984
E: wscott@millsoakley.com.au

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