Charles Jacobs Mining Law - United Kingdom

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Linklaters
One Silk Street
London
EC2Y 8HQ

Tel: (44 20) 7456 3332
Fax: (44 20) 7456 2222

Email: charles.jacobs@linklaters.com
Web: www.linklaters.com

Charlie is a senior corporate partner in our London office and focuses on public and private M&A and international capital raisings and regulatory and corporate governance standards. He is head of our global mining and metals team and has over the last 15 years been the outstanding name in the sector worldwide and acted on a number of large scale mining transactions involving the London market.

Charlie is a key boardroom adviser to many of the firm’s largest clients. Examples of his deals are set out below:

  • Mergers and acquisitions including advising Glencore on its US$7bn disposal of Las Bambas to an MMG consortium, Essar Energy plc on its take private by its majority shareholder, Glencore on its US$45bn merger with Xstrata, Kazakhmys in relation to the proposed take private of ENRC, Absa Group on its US$2.1bn strategic combination with Barclays’ African operations, Zain on its US$10.7bn sale of its African mobile phone business to Bharti, ICBC on its US$5bn stake in Standard Bank in South Africa, the aluminium merger between Rusal, Sual and Glencore’s aluminium assets, Gold Fields in relation to its successful defence from Harmony’s US$8bn takeover, RWE’s €8.5 billion recommended offer for Innogy Holdings plc and Billiton on its US$28 billion merger with BHP.
  • IPOs including Glencore, Evraz, Fresnillo, Hochschild Mining, Ferrexpo, Kazakhmys, Xstrata, African Barrick Gold, Vedanta, Billiton, Computacenter, Dealogic, South African Breweries and Sanlam.
  • General corporate work including advising ArcelorMittal on its demerger of its Aperam stainless steel business, Tsogo on the US $1.1bn sell down by SABMiller, the demerger from National Power of Innogy plc and its listing on the London and New York Stock Exchanges, Investec’s DLC, Billiton and BHP’s DLC, international counsel to Absa, in relation to Barclays US$5.5bn recommended offer for a majority stake in Barclays and advising the incoming board of Northern Rock plc in relation to the bank’s nationalisation.

Charlie is also a non-executive director of Fresnillo PLC and Investec PLC and Investec Limited.

Mining Law Practice:

Our global mining and metals team have vast experience in the sector and have represented many of the world’s leading players.

The team’s experience spans all aspects of the value chain and the corporate affairs of mining and metals houses including projects, development work, financings, corporate/M&A, competition, tax, litigation, arbitration and environmental law. Our mining and metals practice has also consistently been ranked in the First Tier globally by the major legal directories.

In acting on a number of complex takeovers, acquisitions, disposals, project financings and listings, we have built a deep understanding of the challenges that our clients face in the market.

This experience allows us to offer our clients innovative legal solutions that help them to stay competitive during the good times as well as the more challenging. As the economic downturn has brought an end to the ‘super-cycle’ in commodity prices and reduced the availability of much needed credit, we were at the forefront of helping a number of mining and metals clients deal with distressed situations, debt refinancing’s and equity capital raisings. Linklaters also continues to advise both potential buyers and sellers during a period of consolidation in the sector and as the global IPO markets look to recover, we have advised on a number of listings on international stock exchanges. In fact, we have been involved in all significant recent IPOs (both single and dual listings) in the sector.

In your pursuit of the earth’s natural resources, we recognise that you will often operate in remote areas of the world. These countries often have legal regimes that are still under development and facing periods of significant political change. Our emerging markets practice is excellently placed to help our clients to develop risk mitigation strategies and has a proven ability to navigate through previously untested legal regimes. In some cases we have even been asked to assist with the drafting of amendments to local laws in order to facilitate major transactions. Complex, multi-jurisdictional transactions frequently require language skills to understand the intricacies of the transaction and execute the deal to the clients competitive advantage. Our multi-lingual mining team includes fluent Mandarin, Cantonese, Russian, French, Spanish and Portuguese speakers, enabling us to service our clients’ transactional needs all over the world.


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