Dechert has advised the Kinross Gold Corporation on its USD 283 million acquisition of the Chulbatkan heap leach development project from N-mining. Debevoise advised N-mining on the deal.
Kinross is a Canada-based gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, and Ghana. It is listed on the Toronto and New York stock exchanges.
N-Mining is a Cyprus registered private mining company limited by shares, with a focus on deposits of base and precious metals in the Russian Far East and in the uplands of Cyprus.
Kinross described Chulbatkan as a high-grade open-pit heap leach project that is expected to “be a high-return operation with a low strip ratio, attractive costs, significant upside potential, and low relative execution risk."
The Dechert team included Partners Laura Brank and Evgenia Korotkova and Associates Kirill Skopchevskiy, Maryana Batalova, and Pavel Dunaev.
Debevoise's team included London Partner James Scoville, Moscow Partner Alan Kartashkin, International Counsel Maxim Kuleshov, and Associates Tamara Kulyk and Charles Low.