Travers Smith Braithwaite has landed a new client advising LionOre Mining on its £48.4m purchase of a nickel mine in southern Africa.
The Canadian listed company – with mining interests in Canada, Australia and Botswana – instructed Travers following a recommendation from corporate finance house Bridgewell.
The Travers team was led by David Innes, corporate partner in the private equity group, and Neil Murray, head of the banking department, and saw the team negotiate the purchase of 43.35% of Anglo American’s interest in Tati Nickel Mining Company.
LionOre already owned half the mine and bought the remainder from Anglo American as well as taking over its interests in two associated smelting works – Botswana RST and BCL.
