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Baosteel negotiates $2bn JV with Rio Tinto
Global law firm King & Wood Mallesons has advised China Baowu Steel Group on its entry into a joint venture with Rio Tinto in respect of the development of the Western Range iron ore project in Western Australia.
Jerome Doraisamy
Firm: King & Wood Mallesons (Baosteel)
KWM worked closely with Baosteel teams located in both Perth and Shanghai to negotiate all aspects of the transaction.
Completion of the transaction is subject to regulatory approvals and other conditions.
Area: Energy and resources
Value: $2 billion
Key players: The KWM team was led by energy and resources partner Tim Edwards and senior associate Matthew Clark, with assistance from banking and finance partner Nathan Collins and corporate partner Nigel Hunt as well as Tracey Dembo, Angela Zhao, Sharon Ho, Ben Bartley and James Simpson. Li Haoyuan and Lin Rongyue of King & Wood Mallesons’ Shanghai office also provided assistance.
Deal significance: Speaking about the JV, Mr Edwards said: “It is terrific to bring KWM’s cross-border capability to bear on a transaction like this, and a privilege to assist Baosteel on such an important project.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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