25
Sun, Aug
43 New Articles

Clifford Chance Advises Baikal Mining Company on Equipment Supply Agreement for Udokan Project in RFE

Clifford Chance Advises Baikal Mining Company on Equipment Supply Agreement for Udokan Project in RFE

Russia
Typography

Clifford Chance has advised Baikal Mining Company on the execution of a EUR 250 million equipment supply agreement with Outotec Oyj for the design and supply of the mine-side processing equipment for the Udokan project in the Russian Far East.

The Udokan copper deposit is the largest in Russia and the third largest in the world, with resources of more than 26 million tons of copper. According to Clifford Chance, the new metallurgical plant will have an annual processing capacity of 12 million tons of ore, producing 130,000 tons of copper as high-grade sulfide concentrate and cathodes. The project will result in the creation of 2,400 direct jobs and up to 20,000 jobs in related industries.

Outotec Oyj is a Finland-listed technology company that sells mining technology and plant projects that it first designs and then executes itself or in collaboration with its partners.

Clifford Chance's cross-border team was led by London-based Partner Sandy Hall and Moscow-based Counsel Ella Omelchenko, supported by a London team consisting of Senior Associates Irina Steinberg and Chris Starkey and Associate Tom Ward, and a Moscow team of Partner Timur Aitkulov, Senior Associates Dmitry Malukevich and Dmitrii Tolkachev, and Associates Nikolay Nesterov and Victor Parkhomenko.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

Our Latest Issue