Evolution Mining A$880 million acquisition of 30% stake in Ernest Henry Mine

Overview:

• Evolution Mining is set to acquire a 30% stake in the Ernest Henry Mine (EHM) operation in Queensland for A$880 million from Glencore.
• The deal will see Evolution entitled to 100% of EHM's gold production, and 30% of its copper and silver production.
• the deal also includes a 49% economic interest in potential expansions of the operations at EHM.
• King & Wood Mallesons (Nicholas Papas, Kate Lindner, Anthony Boogert) advised Glencore.
• Allens (Mark McAleer, Guy Alexander, Bree Rowswell, Julian Donnan, Partner; Addison Ma, Renee Boundy, Phillip Cornwell, Sunny Jong) advised Evolution Mining.

Wai Yee Tsang - Journalist - Asia-Pacific