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Kurri Kurri Aluminium Smelter site sold
Renewable energy business Norsk Hydro ASA has been advised on the sale of its 2,000 hectare Aluminium Smelter site in Kurri Kurri, NSW.
Jerome Doraisamy
Firm: Gilbert + Tobin (Norsk Hydro); unknown (Flow Systems).
Area: Environment, Planning and Climate Change
Value: Unknown
Key players: Partners Ben Fuller and Amanda Hempel led the G+T team and were assisted by lawyers Jo Bayes and Tanja Mikulic.
Deal significance: Commenting on the deal, Mr Fuller said: “This was a complex divestment from an environment and planning perspective. Parts of the site had been used for aluminum smelting since the late 1960s – and all of the key approval pathways for the remediation, rezoning and bio-certification of the site are ongoing.”
“We had to structure the transaction documents to achieve the parties’ commercial objectives, but also their mutual commitment to sustainable economic and environmental values. Our overarching objective was to provide a platform to satisfy the regulators in relation to the long-term environmental management of the site,” he said.
Ms Hempel added: “The transaction documentation was complex in order to address the medium-term staged handover of the site, with regard to rezoning and remediation, and the longer-term handover and management of the environmental aspects of the site.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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