Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
Freehills and Corrs Chambers Westgarth are advising Murchison Metals Ltd on the $325 million sale of its Crosslands Resources Ltd and Oakajee Port and Rail projects.Murchison Metals (Murchison),…
Freehills and Corrs Chambers Westgarth are advising Murchison Metals Ltd on the $325 million sale of its Crosslands Resources Ltd and Oakajee Port and Rail projects.
Freehills and Corrs advised on Murchison's conditional sale agreement with Mitsubishi Development Pty Ltd in relation to all of those interests.
The Corrs team was led by partner Russell Philip, with assistance from senior associate Louis Martin and lawyer James Nicholls.
Crosslands is developing the Jack Hills iron ore expansion project in the mid-west region of Western Australia. The OPR project involves construction of new port and rail infrastructure to service miners in the mid-west region.
Mitsubishi Development Pty Ltd, a wholly-owned subsidiary of Mitsubishi Corporation, holds the remaining interests in Crosslands and OPR. Together, these projects have a combined estimated capital cost of approximately $10 billion.
The deal is subject to a limited number of conditions, including FIRB approval and the approval of Murchison shareholders.
Get breaking news
Lawyers Weekly
