Login
Rincon Mining to sell for US$825m
Herbert Smith Freehills (HSF) has advised Rincon Limited on the US$825 million divestment of its interest in the Salar del Rincón Project in Argentina.
Lauren Croft
Firm: Herbert Smith Freehills (Rincon Limited).
Value: US$825 million.
Area: M&A, projects.
Key players: The Herbert Smith Freehills team was led by partner Melissa Swain-Tonkin, supported by senior associate Phillip Smith.
Deal significance: Rincon is owned by funds managed by private equity group Sentient Equity Partners. Rincon Mining Pty Limited owns the Rincon lithium project, a large undeveloped lithium brine project in Salta, Argentina, an emerging hub for greenfield projects.
Commenting on the deal, Ms Swain-Tonkin said: “We are thrilled to have acted for Rincon Limited on this successful sale process, to combine our strong experience in both private equity and energy and resources and to participate in a transaction that forms part of the worldwide trend towards commodities that support the global energy transition.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
