First Quantum Minerals acquires Lumina

First Quantum Minerals Ltd. announced that it acquired Lumina Copper Corp. in a cash and share transaction valued at approximately $470 million.

The transaction was carried out by way of a statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia). As a result of completion of the transaction, First Quantum now owns the Taca Taca project in Argentina, one of the world's most promising undeveloped copper deposits.

First Quantum is an established and rapidly growing mining and metals company operating seven mines and developing five projects worldwide. The company produces copper, nickel, gold, zinc and platinum group elements.

First Quantum was advised by a team from Fasken Martineau DuMoulin LLP that included John Turner, Daniel Batista, Bradley Freelan, Georald Ingborg, Jessica Catton, Francesco Tallarico, Barinder Sidhu, Jesse Bertollo (mergers & acquisitions); Christopher Steeves (tax) and Huy Do (competition).

Lumina Copper Corp. was represented by Borden Ladner Gervais LLP, with a team led by Fred Pletcher that included Graeme Martindale, Oggy Talic, Rob Wallis, Scott Howie and Andy Roy (securities); Randy Morphy and Kim Maguire (tax); Martha Martindale (financial services) and Steven Antle and Michelle Maniago (Court application). Lumina was represented in the US by Skadden, Arps, Slate, Meagher & Flom LLP with a team comprising Riccardo Leofanti, Michael Acedo and Ryan Hickey (corporate/securities) in Toronto; Eric Sensenbrenner and Matthew Donnelly (tax) in Washington D.C.; and Daniel Baich (corporate/securities) in New York.

Zaballa Carchio Abogados was Argentine counsel to Lumina.


Fasken Martineau DuMoulin LLP Borden Ladner Gervais LLP (BLG) Skadden, Arps, Slate, Meagher & Flom LLP