Ashurst advises as SA miner gets $100m infusion from British billionaire family

The investment fully funds the company’s iron and copper projects in a copper-cobalt district in SA

Ashurst advises as SA miner gets $100m infusion from British billionaire family

GFG Alliance has made a $100m investment in a South Australian miner with the help of Ashurst.

The company, founded and owned by the billionaire Gupta family of Britain, is expected to acquire shares in Havilah Resources, which will use the capital to fully fund work programs for iron-ore assets and copper prospects in the Mutooroo Copper-Cobalt District.

Ashurst said that a series of equity placements in Havilah, at a premium of up to 35%, is expected to take place in three years. GFG Alliance will acquire a controlling 51% stake in the company if all the placements are made, after approval from Havilah shareholders.

The partnership is seen to provide Havilah with access to global capital markets, investment, technical assistance, and commercial offtake agreements, Ashurst said.

The global law firm’s team was headed Elspeth Arnold, partner and head of corporate. Support was provided by partner Lynda Tully, counsel Eliza Blandford, and associates Sophie Mattei, Alex Kedzior, and Mariana Estifo.

Partner Martin Coleman and senior associate John Renda advised on banking aspects. Partner Ross McClymont advised on restructuring aspects. Partner Geoff Mann and senior associate Kristina Popova provided tax advice.

Recent articles & video

Lander & Rogers launches workplace law elective at QUT

CE Family Law's Louise Hunter had an Erin Brockovich for a grandma

WFW picks up win at 2024 Australian ADR Awards

Three additions enhance G+T's partnership

American Bar Association releases guidance to prevent conflict with unretained clients

UK bar survey reveals one in five pupils face bullying and discrimination

Most Read Articles

Hamilton Locke partner transitions to Lander & Rogers

Global law firm Kirkland & Ellis advises on multi-billion-dollar merger in the natural gas sector

Two Australian lawyers ascend to partner in major HFW promotions round

ALRC releases anti-discrimination, religious educational institution law recommendations