Mayer Brown advises on two Project Finance Deals of the Year in Europe and Africa
21 February 2014
London - Leading global law firm Mayer Brown advised on two award winning transactions at Project Finance Deals of the Year 2013. The standout transactions – both mining deals – were announced at a gala dinner held in London to celebrate innovation and excellence across project finance markets in Europe and Africa.
Mayer Brown received the Africa Mining Deal of the Year having advised UniCredit Bank AG, Societie Generale, BNP Paribas, ING Bank N.V and Deutsche Bank AG on the US $350 million refinancing for Endeavour Mining Corporation. The financing will help fund construction and ongoing projects at Endeavour’s three gold mines in Mali, Ghana and Burkina Faso. The team was led from London by Global head of Mining, Ian Coles and included Banking & Finance associates Alban Dorin (Paris) and Gagandeep Aujla, as well as lawyers from Mayer Brown’s offices in France and Germany.
The firm also received the European Mining and Metals Deal of the Year having advised Wolf Minerals Limited on the financing for the construction and development of a tin and tungsten mine in Hemerdon, Devon. Upon financial close, this will be the first mine in the UK to be financed for several years and once the project is complete, a mine that has been closed for more than 60 years, will be reopened. The team was led by Global head of Mining, Ian Coles, and included Corporate & Securities partner Rob Hamill and senior associate Patrick Hennessy; Litigation – Construction partner Jonathan Hosie and senior associate Tamsin Travers and Banking & Finance senior associate Danuta Rychlicka.
In December 2013 Mayer Brown also received the Development Funding Deal of the Year Award at Mines & Money Conference in London, having advised Nedbank Capital and Rand Merchant Bank on the US$88 million senior debt facility made available to Aureus Mining in relation to the New Liberty gold project, Liberia’s first gold producing mine.