26 LEXPERT
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2017/18
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WWW.LEXPERT.CA
Olasker, Patricia L. Davies Ward Phillips
& Vineberg LLP (416) 863-5551 polasker@dwpv.com
Ms. Olasker represents companies and underwriters in the mining sec-
tor, advising on public company M&A transactions, mining joint ventures,
royalty arrangements, foreign investments, mine financing, international
and domestic corporate finance, shareholder engagement, corporate
governance, disclosure issues and regulatory matters. She is also an
adjunct professor at Osgoode Hall Law School.
Olley, Stuart M. Gowling WLG
(403) 298-1814 Stuart.Olley@gowlingwlg.com
Mr. Olley is co-leader of Gowling WLG's Natural Resources Group and
Head of Business Law in the Calgary office. He holds a Master of Law
Degree and Certificate in Mining Law from Osgoode Hall Law School of
York University; he is experienced in international financings and mer-
gers including in Africa, Central and South America and Asia, advising
issuers and underwriters in mining and other sectors.
Palm, W. Ian Gowling WLG
(416) 369-7332 ian.palm@gowlingwlg.com
Mr. Palm advises on capital markets and M&A transactions and fund
formation mandates focusing on energy, infrastructure and technology
sectors. Canadian and international clients include pension funds and
PE and infrastructure funds and investors.
Paradis, François Osler, Hoskin & Harcourt LLP
(514) 904-5366 fparadis@osler.com
Mr. Paradis has experience acting for public issuers, financial institu-
tions, investment funds, investment banks and industry leaders in a
range of sectors including natural resources, real estate and technology.
He has been involved in a variety of matters including public offerings
and private placements, M&A, dealer/advisor registration matters
and reorganizations.
Partridge, Michael Goodmans LLP
(416) 597-5498 mpartridge@goodmans.ca
Mr. Partridge's practice focuses on corporate finance, mergers and
acquisitions, private-equity transactions and securities law, including in
the areas of mining and natural resources. Clients include Aquila Resour-
ces Inc., Industrias Peñoles, S.A.B. de C.V., a subsidiary of Grupo Bal,
Mandalay Resources Corporation and CE Mining Limited.
Pickersgill, Michael T. Torys LLP
(416) 865-8180 mpickersgill@torys.com
Mr. Pickersgill is the co-head of Torys's Mining practice. He practises
corporate and securities law with a focus on the mining sector. He
regularly advises clients on matters related to M&A, corporate finance,
streaming transactions, royalties and offtake arrangements.
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project, which is why we're not seeing as many of the
billion-dollar-plus deals."
It's not that deals in the billions are entirely dead, as
evidenced by Lundin Mining Corp.'s sale of its 30-per-
cent minority interest in the African copper miner Ten-
ke Fungurume for US$1.14 billion in cash in November
2016. "ere's still a lot of buying out of Asia, where
they have the financial resources," Bennett says.
But even the majors are hedging their bets by entering
into joint ventures. In May 2015, Barrick Gold Corp.
announced a long-term strategic partnership with Chi-
nese mining company Zijin Mining Group Ltd. e
relationship kicked off with Zijin acquiring 50 per cent
of Barrick's interest in the Porgera joint venture gold
mine in Papua New Guinea. "e whole idea behind
the transaction was to spread out risks and costs," said
Boehm, who acted for Zijin.
More recently, in May 2017, Barrick announced an-
other long-term strategic partnership, this time with
Shandong Gold Mining Co. e partners' first deal
was Shandong's acquisition of 50 per cent of Barrick's
Veladero mine in Argentina for US$960 million. Two
months earlier, Barrick joined with Goldcorp Inc. to
form a partnership in Chile's gold belt in a complex
transaction involving four miners.
Ivanhoe Mines followed the joint venture trend in
2015 by engaging Zijin in a co-development agreement
under which Zijin acquired 49.5 per cent of Ivanhoe's
interest in the Kamoa-Kakula copper discovery in the
Democratic Republic of Congo for US$412 million.
"We're likely to see more joint
ventures between the majors,
and not just on mines but also
infrastructure like port facilities.
The mid-tiers are particularly
interested where the junior has
a feasibility study or something
else beyond a preliminary study."
- Brian Abraham, Dentons Canada LLP
