Sidley Austin LLP Represents Orion Resource Partners in Significant Mining Venture

Strategic Insights -

Sidley Austin LLP is supporting Orion Resource Partners, a leading global investment firm, in a 25% equity investment in a US$2.3 billion mining development joint venture with Capstone Copper Corp. The joint venture and a concurrent US$10 million investment will fund the Santo Domingo and Sierra Norte mining projects in Chile, aiming to create a high-quality, diversified copper operation with long-life, low-cost, and responsible production.

Key Takeaways:

  • The joint venture between Orion and Capstone Copper Corp. involves a 25% equity investment by Orion into a US$2.3 billion mining development project in Chile.
  • The investment will focus on developing the Santo Domingo and Sierra Norte mining projects, with an emphasis on creating a high-quality, diversified copper operation.
  • The joint venture is expected to generate close to 6,000 jobs in the Atacama region of Chile during construction and over 1,000 jobs once in full operation.
  • Sidley Austin LLP is representing Orion Resource Partners in the deal, with a team led by Joshua DuClos, Eduardo Marquez Certucha, and Chanse Barnes.
  • The Sidley team includes experts in M&A, private equity, and energy and infrastructure, highlighting the firm's extensive experience in handling complex transactions.

Statistics:

  • US$2.3 billion: The value of the mining development joint venture between Orion and Capstone Copper Corp.
  • 25%: The equity stake of Orion Resource Partners in the joint venture.
  • US$10 million: The value of the concurrent investment into Capstone Copper Corp.
  • 6,000 jobs: The estimated number of jobs to be generated in the Atacama region of Chile during construction.
  • 1,000 jobs: The estimated number of jobs to be created once the joint venture is in full operation.
  • Two projects, Santo Domingo and Sierra Norte: The mining development projects that will receive funding from the joint venture and concurrent investment.

Sources:

  • "Sidley Represents Orion Resource Partners in US$2.3 Billion Mining Development Joint Venture with Capstone Copper Corp." [https://www.sidley.com/en/news-and-events/sidebar/sidley-represents-orion-resource-partners-in-us23-billion-mining]