Mattos Filho and BMA act on the sale of MCT Mineração to GMIN
BMA advised BHP Group Operations Pty on the sale to G Mining Ventures Corp (GMIN), through its wholly-owned subsidiaries Avanco Resources Pty (Avanco) and Estrela Metals Pty of 100% of the shares in MCT Mineração, currently held by Estrela and 100% of the share capital of ACG Mineração, currently held by Avanco. Mattos Filho advised the buyers.
The targets hold tenements in the Gurupi Gold Belt, including the CentroGold project, which is locate in the state of Maranhão and comprises 47 tenements covering approximately 1.900 km².
In consideration for the acquisition, GMIN will grant the sellers a 1.0% NSR royalty on the first 1 million ounces of gold produced at the tenements and a 1.5% NSR royalty on gold production thereafter.
BMA advised BHP Group Operations Pty and relied on several areas and relied on partners Camila Goldberg (pictured left), Hélio Alvarez Sales Da Cunha (pictured center), associates Maria de Carvalho Barbosa Donati, Pedro Mello Mares-Guia, Thamires Da Cas Grande Guerra, Marília Augusta Polachini da Silva, Gilda Nunes Gandres Pestana.
Environmental and Mining: partner Márcio Silva Pereira, associate João Henrique de Carvalho Raso, Marina da Silva Pinto Maciel;
Competition: partner Marcos Antonio Tadeu Exposto Junior, associate Julia Krein;
Tax: partner Hermano A. C. Notaroberto Barbosa, associate Raquel Maluf Namur Martins;
Due diligence: partner Adriana Augusta Dib Fuzinato, associate Thaís Xavier, Paula Maganha Fantinato;
Canadian legal counsel to sellers: Davies Ward;
Mattos Filho advised G Mining and relied on partner Adriano Drummond Cançado Trindade (pictured left) and associates Eugênia Maria Menezes Pedroso, Julia Hannig da Gama and Kyara Vieira Komochena;
Canadian legal counsel to buyers: Blake, Cassels & Graydon LLP: Partner Howard Levine and associates Rami Zaid and Siobhan Mullan;
Investment Banking counsel – RBC: Hugh Samson and Abdel Elzoka;
KPMG: Michael Spinelli, Roberto Spaggiari, Abilio B Machado, Roberto Salles Demet Tepe, Stephanie Holland.
