Australia's leading independent law firm, Corrs Chambers Westgarth, has advised Greenstone Resources II L.P., (Greenstone Resources) as manager of Omico Copper Limited (an incorporated joint venture with International Base Metals Limited), on the sale of a 95% equity interest in Craton Mining and Exploration (Proprietary) Limited (Craton Mining) to Appian Omega Bidco Limited.
Craton Mining owns the Omitiomire Copper Project in the Republic of Namibia, a significant copper opportunity. The transaction represents a strategic private equity exit from a critical minerals project, with the incoming buyer, Appian Capital Advisory, a global private equity firm focused on metals and mining.
The transaction involved a cross-border structure spanning the United Kingdom, United States, Australia, Mauritius, and the Republic of Namibia.
The matter was led by Head of Energy and Natural Resources, Tracey Greenaway, alongside corporate partner, Christian Owen, and experts across the firm's banking and finance and tax practices.
Commenting on the deal Tracey Greenaway said: "We are pleased to have advised Greenstone Resources on this complex cross-border transaction in the critical minerals sector, delivering a successful strategic exit to the foundation investors amid strong global demand for copper and other energy transition materials.
"This transaction exemplifies Corrs' role and experience as a trusted adviser on complex and significant energy and natural resources transactions with a cross-border international dimension."