Gide has advised Sierra Gorda S.C.M., KGHM Polska Miedz S.A., Sumitomo Metal Mining CO., LTD, and Sumitomo Corporation on a USD 700 million financing from Bank Gospodarstwa Krajowego. Sullivan & Cromwell advised Sumitomo Corporation and Sumitomo Metal Mining as well, while Deloitte Legal advised BGK on the deal.
Sierra Gorda entered into a credit facility agreement with BGK, with KGHM Polska Miedz, Sumitomo Metal Mining, and Sumitomo Corporation providing corporate guarantees.
Sierra Gorda is a mining operation in the Antofagasta region of Chile, producing copper and molybdenum concentrate. KGHM Polska Miedz S.A. is one of the largest companies in Poland, a producer of copper and silver, with six working mines in Canada, Chile, and the United States.
Sumitomo Metal Mining, founded in 1590, is currently the third-largest producer of copper and the largest producer of nickel and gold in Japan. Sumitomo Corporation, founded in 1919, is one of the eight largest companies in Japan.
Gide's team in Warsaw was led by Partner Dariusz Tokarczuk and Associate Mateusz Gronau and included Associates Marta Karminska and Paulina Surma.
Deloitte Legal's team included Warsaw-based Local Partners Nicholas Coddington and Katarzyna Jakubiak and Associate Anna Stawinska, Chile-based Lawyers Ignacio Concha and Oliver Ortiz Quiero, and Japan-based Partner Hirokazu Ina.
