Ashurst has won a lead role on the $2.4bn (£1.5bn) bid for Australia-based mining company Extract Resources by an arm of the state-owned China Guangdong Nuclear Power Group (CGNPC), reports The Am Law Daily.

The firm is is serving as both US and UK counsel to CGNPC affiliate Taurus Mineral on its offer for Extract, the owner of the world’s fourth-largest uranium deposit.