Skadden represented JX Nippon Mining & Metals on $950 Million Chilean Asset Sale
Skadden represented JX Nippon Mining & Metals on $950 Million Chilean Asset Sale
The sale of its 51 per cent stake in the Caserones copper-molybdenum mine in Chile by Japanese mineral producer JX Nippon Mining & Metals to Canadian miner Lundin Mining, valued at $950 million, was advised by the American international law firm Skadden, Arps, Slate, Meagher & Flom.
As a part of its asset portfolio review and focus on advanced materials, Lundin Mining acquired the controlling stake in the mine through this sale. Additionally, copper extracted from the mine can help reduce carbon emissions and lower the energy required to produce electricity.
Leading the team from Skadden, Arps, Slate, Meagher & Flom were partners Mitsuhiro Kamiya, Louis Artime, Ken Kumayama, Joe Yaffe, Anne Villanueva, Nathan Giesselman, and Andrew Foster.
