Azevedo Sette and Ulhôa Canto in double mine buy


Azevedo Sette and Ulhôa Canto in double mine buy


Ulhôa Canto, Rezende e Guerra – Advogados has represented Eurasian Natural Resources in its purchase of all outstanding shares of Mineração Minas Bahia and 51 per cent of Mineração Peixe Bravo, in a deal that closed 20 October.

The agreement, worth US$304 million, will enable UK-listed Eurasian to expand its iron ore resources in Brazil, and gives the company a three-year option to buy the rest of Mineração Peixe Bravo from its shareholders for US$50 million.

Azevedo Sette Advogados has worked on the case for almost two years, representing Mineração Minas Bahia, which owns the mineral rights to the Jinoia Project in Brazil’s Minas Gerais state.

Counsel to Eurasian Natural Resources

  • Ulhôa Canto, Rezende e Guerra – Advogados
    Associates Marcelo Maria Santos and José Augusto Figuera

Counsel to Mineração Minas Bahia

  • Azevedo Sette Advogados
    Partner Fernando Sette and associate Ana Paula Terra Caldeira

Latin Lawyer, Wednesday, 27th October 2010 by Marieke Breijer