JPM has advised Raiden Resourced Limited, a publicly listed Australian mining company, on the process of raising additional funds to explore and develop its future mining projects through the acquisition of 100% Western Australian-based Timok Resources — the parent company of Serbian companies Kingstown Resources and Skarnore Resources. Australian law firm Bellanhouse advised Raiden Resourced Limited on Australian aspects of the deal.
Since the enactment of Serbia’s new mining law in 2015, Serbia has become attractive for international mining companies seeking to capitalize on the growth of the sector. Last year, JPM advised another Australian mining company, South East Resources Limited, on the acquisition of lithium projects in Serbia (as reported by CEE Legal Matters on November 22, 2017).
The JPM team involved Senior Partner Jelena Gazivoda, Senior Associate Bojana Javoric and Australian-qualified Senior Associate Janko Nikolic.
The Bellanhouse team was led by Partner Deanna Carpenter.
JPM did not reply to an inquiry about the deal.