Global Law Office and McMillan advise on Sino-Canadian copper deal

Global Law Office and McMillan have advised China's copper producer Jiangxi Copper on its $1.1 billion purchase of Canadian mining company First Quantum’s 18% issued share, with McCarthy Tétrault advising the seller.

Founded in 1983, First Quantum is a Canadian mineral and mining company which owns nine copper mines in Africa and South America, including three world-class mines. According to Reuters, Jiangxi Copper would become the miner’s largest shareholder after the deal, but it is prevented from buying more than a 20% interest in First Quantum under a standstill agreement reached in October.

The Global team was led by partners Jinrong Liu and Shifang Guo.