Maddocks advises Diversified Minerals on financing of gold mine
By Jason Silverii• 10 April 2019 • 2 min read
Maddocks has advised Diversified Minerals Pty Ltd on the funding of the development of the Dargues Gold Mine.
Wednesday 10 April 2019
Law firm Maddocks has advised Diversified Minerals Pty Ltd on a A$74 million syndicated project finance facility together with a US$18 million royalty to fund the development of the Dargues Gold Mine.
The Dargues Gold Mine is the first greenfield gold mine development to be approved and developed in NSW in more than a decade.
Diversified Minerals Pty Ltd is an Australian-based mining company that owns and operates gold mining and exploration properties such as the Dargues Gold Mine in NSW and Henty Gold Mine in Tasmania, as well as numerous exploration projects.
The Maddocks team on the financing aspects of the transaction was led by partner Arlene Colquhoun and included lawyers Alba Ramli and Joanne Chenn, with partner Andrew Chapman and senior associate Brian Henson advising on construction issues, and Andrew McNee and senior associate Julian Law assisting with corporate advice.
Maddocks is a proudly 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. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.
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