Coalcorp Mining Sells Mining and Related Assets to Goldman Sachs Group

On March 19, 2010, certain subsidiaries of Coalcorp Mining Inc. (TSX: CCJ) completed the sale of their mining and related infrastructure assets to a subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS) for total cash consideration of US$151 million and the assumption of certain liabilities, for a total transaction value in excess of US$200 million.

In connection with the sale, Coalcorp repurchased US$106,730,000 of its outstanding 12 per cent senior secured notes.

Goldman Sachs was represented in-house by Steven Bunkin, Vice President and Associate General Counsel, and Margaret Vaden, Vice President and Assistant General Counsel. Goldman Sachs's international counsel was Boies, Schiller & Flexner LLP with a team that included Robert Leung, Jason Hill, Stefan dePozsgay, Matthew Senatore, Russell Franklin and Francisco Nuñez (corporate) and Jonathan Schiller, Eric Brenner and Vincent Liu (litigation). Osler, Hoskin & Harcourt LLP acted as Goldman Sachs's counsel in Canada and was represented by Douglas Bryce. Prieto & Carrizosa S.A. acted as Goldman Sachs's counsel in Colombia with a team that included Martín Acero, Nicolas Tirado and Carolina Hernández (corporate) and Carolina Rozo (tax).

Coalcorp was represented in-house by Juan Carlos Gómez and Javier Trillos and, in Canada, by Goodmans LLP with a team that included Grant McGlaughlin, Allan Goodman, Mark Surchin, Daniel Jeon, Gail Jaffe and Mark Haber (corporate); Alan Bowman and Marisa Wyse (tax); and John Keefe, David Lederman, Sandon Shogilev and Melanie Ouanounou (litigation). Gómez-Pinzón Zuleta Abogados S.A. acted as Coalcorp's corporate counsel in Colombia and was represented by Jorge Enrique Barón-Gómez, Ana Cristina Jaramillo and Margarita Martínez. Lewin & Wills acted as Coalcorp's tax counsel in Colombia and was represented by Adrian Rodriguez.


Allan J. Goodman Douglas A. Bryce Marisa Wyse Melanie Ouanounou Gail Jaffe Alan Bowman Mark Haber Grant E. McGlaughlin Sandon Shogilev Daniel S. Jeon Mark Surchin John A. Keefe David Lederman


Boies, Schiller & Flexner LLP Osler, Hoskin & Harcourt LLP Goodmans LLP