Gide Loyrette Nouel has advised Sierra Gorda on its entrance into a credit facility agreement of USD 200 million with Bank Gospodarstwa Krajowego. Gide also advised corporate guarantors KGHM Polska Miedz S.A., Sumitomo Metal Mining Co. Ltd, and Sumitomo Corporation. White & Case advised Bank Gospodarstwa Krajowego on the deal.
Gide describes Sierra Gorda SCM as "the largest mining operation to be launched in recent years in the Antofagasta region in Chile, producing copper and molybdenum concentrate.”
KGHM Polska Miedz is a Polish produced of copper and silver that operates in Canada, the United States, and Chile, as well as Poland.
Sumitomo Metal Mining, founded in 1590, is currently the third-largest producer of copper and the largest producer of nickel and gold in Japan. The company has mining, smelting, and refining operations all around the world, including in the United States, Canada, Australia, Chile, Peru, and Brazil.
Founded in 1919, Sumitomo Corporation is one of the eight largest companies in Japan.
Gide's team in Warsaw included Partner Dariusz Tokarczuk and Associates Mateusz Gronau, Marta Karminska and Paulina Surma. London-based Associate Sarah Whitley worked on the deal as well.
White & Case's team in Warsaw included Partner Tomasz Ostrowski and Local Partners Nicholas Coddington and Aneta Urban.