Natural resources are an ever-growing vital part of the economy, crucial to technological development and national security. Our experienced lawyers advise clients on all types of transactions within the mining sector, including acquisitions, mergers, joint ventures, divestitures, capital markets and financing matters. Simpson Thacher is deeply rooted in the industry, supporting work for major coal producers and users as well as manufacturers and producers of critical minerals and metals.
Our representations include:
- Mosaic in the $1.5 billion sale of its 25% stake in Ma’aden Wa’ad Al Shamal Phosphate Company, a Mosaic, Ma’aden and Saudi Basic joint venture, for Ma’aden shares
- Molymet Alloys, LLC, a wholly-owned subsidiary of Molibdenos y Metales, S.A., in its acquisition of Rhenium Alloys
- Stonepeak in its acquisition of Forgital from Carlyle
- Morgan Stanley Infrastructure Partners in its acquisition of a 49% stake in Onslow Iron Road Trust in partnership with Mineral Resources
- Blackstone in its $1.28 billion investment in AZZ Inc. in connection with AZZ’s acquisition of Precoat Metals from Sequa Corporation
- Gerdau S.A. in the sale of its stakes in Gerdau Diaco S.A. and Gerdau Metaldom Corp. to INICIA
- JPMorgan, as part of its $1.5 trillion Security and Resiliency Initiative to facilitate, finance and invest in industries critical to national economic security and resiliency, in providing $2.349 billion of debt financing, alongside $2.349 billion in debt financing from the U.S. government, to Crucible Metals, LLC, a subsidiary of Korea Zinc, in support of a $7.4 billion advanced critical minerals and metals project in Tennessee - marking the single largest investment in state history and the construction of the first U.S.-based zinc smelter and critical minerals processing facility in 50 years
- Lenders in the sustainability-linked revolving credit facility for Nexa Resources, a Latin American zinc producer
- An affiliate of JPMorgan as placement agent, as part of its $1.5 trillion Security and Resiliency Initiative, to help place part of the $2.15 billion of equity financing for a multibillion advanced United States-based critical minerals and metals project through a newly formed joint venture, which would be controlled by the U.S. government and other U.S.-based strategic investors
- Arrangers in Knife River's senior secured credit facilities, whose proceeds will be used to consummate its acquisition of Strata and related assets
- Marcobre S.A.C., a Peruvian closely held corporation, in a $400 million Rule 144A/Regulation S offering, marking its inaugural international bond offering
- International managers in JX Advanced Metals Corporation’s $2.5 billion IPO on the Tokyo Stock Exchange, marking Japan’s largest IPO since 2018
- Initial purchasers in the $2 billion private notes offering by Newmont and its subsidiary Newcrest Finance
- The arrangers in the financing for Arcosa’s $1.2 billion acquisition of the construction materials business of Stavola, and a backstop to its existing revolving credit facility
- Initial purchasers in $400 million senior notes offering by Alliance Resource Partners
- Underwriters in $1.5 billion notes offerings by Martin Marietta Materials
- Riverstone Credit Partners in multiple financings involving coal assets and its capital restructuring of White Stallion Energy, LLC
- Underwriters in multiple debt and equity offerings for U.S. Steel aggregating over $6.46 billion
- Peabody Energy Corporation in more than $3.65 billion worth of financings
- Walter Energy in multiple senior notes offering aggregating over $2.27 billion