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Minters advises on billion dollar resources offer
Minter Ellison has advised on a takeover offer for Extract Resources in a deal crossing Australian, Chinese, Namibian and UK jurisdictions.
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Firms: Minter Ellison (Taurus Mineral)
Area: Energy and resources
Value: $2.18 billion
Key players: Marcus Best led the Minters team with support from Perth and Melbourne partners Bart Oude-Vrielink Andrew Thompson, Theo Kindynis and David Schiavello
Deal significance: This offer follows on from Taurus Minerals' successful upstream $967 million offer for Kalahari Minerals plc. Owned by Chinese state-owned CGNPC Uranium Resources Company and PRC-based China Africa Development Fund, Extract Resources is a Perth-based company that is listed on the ASX, TSX and NSX. It owns a 100 per cent interest in the Husab uranium project in Namibia, which is ranked as the fourth largest uranium deposit in the world. Kalahari Minerals has an approximate 42.5 per cent holding in Extract Resources. Having gained control of Kalahari, Taurus is now required, under Australian
