Maddocks acts on major mining acquisition
By Jason Silverii• 17 July 2018 • 1 min read
Maddocks has advised Consolidated Mining & Civil Pty Ltd on its purchase of 100 percent of Benagerie Gold Pty Ltd from Havilah Resources Limited.
Tuesday 17 July 2018
Law firm Maddocks has advised Consolidated Mining & Civil Pty Ltd (CMC) on its purchase of 100 percent of Benagerie Gold Pty Ltd, which holds the Benagerie mining lease, from Havilah Resources Limited in a $13.5 million deal.
The purchase, which was completed last week, means CMC owns the North Portia Copper-Gold Project in northeast South Australia. CMC had previously been engaged in a revenue sharing arrangement for the development of the Portia Gold mine.
The next phase for the mine is the development of a second pit – North Portia – which has copper, gold and cobalt reserves, with a substantial Joint Ore Reserves Committee resource.
The Maddocks team was led by partner Julian Smith and included senior associates Libby Buchanan and Andrew Wright, associate Melissa Ramov and lawyer Maddison Hardiman. The team conducted due diligence and negotiations, and provided tax and duty advice with respect to the transaction over the last four months.
Maddocks is an independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the built environment, education, government, healthcare and technology sectors, from our Canberra, Melbourne and Sydney offices.
For more information, or to arrange an interview, please contact:
Tel: 3 9258 3509
Mobile: 0407 618 058
Maddocks advises global pharma company on acquisition of Southern Cross Pharma
Maddocks has advised Lupin Limited and its subsidiary Generic Health on the acquisition of Southern Cross Pharma,
Maddocks advises BWX on acquisition of Flora and Fauna
Maddocks has advised ASX-listed wellness business BWX on its acquisition of Flora & Fauna
Maddocks appoints four partners in latest round of promotions
Maddocks continues to grow with the appointment of four new partners and the promotion of 43 lawyers from 1 July.
Skin in the game: Maddocks advises on strategic laser clinic divestment
Maddocks has advised the Hair and Beauty Group on its sale of Australian Skin Clinics to Silk Laser Australia Ltd.