885 West Georgia St, Suite 2200, HSBC Bldg, Vancouver, BC
Year called to bar: 1993 (BC)
Darrell Podowski is a partner in the Vancouver office of Cassels. He advises clients on securities law matters, corporate finance, M&A, and commercial transaction law requirements — with a focus on the mining industry in Canada and internationally, with particular expertise in Latin America. He was previously in-house counsel to Teck Resources Ltd., an international mining company, practised law offshore in Bermuda, and prior to his law career Darrell practised as an oil & gas exploration geophysicist. He holds a Bachelor of Science in geophysics in addition to his law degree. Darrell is ranked as an expert in Mining and as a Global Elite Thought Leader in Mining by Who’s Who Legal for 2020, and a Most Highly Regarded Expert and a National Leader in Mining in Who’s Who Legal: Canada for 2020. He is also recognized as a leading lawyer in Chambers Global, Chambers Canada, and The Best Lawyers in Canada. Latinvex, a Latin American business publication, profiled Darrell as one of Latin America’s Top 100 Lawyers for 2020, one of only two Canadians on this list. Darrell was called to the British Columbia Bar in 1993 and the Bermuda Bar in 2002.
Orla Mining Ltd. (Orla) (TSX-V: OLA) acquired the Camino Rojo Project, a gold and silver oxide heap leach project located in Zacatecas State, Mexico from Goldcorp Inc. (TSX: G, NYSE: GG) (Goldcorp) for 31.9 million common shares of Orla (a 19.88-per-cent interest in Orla) and a 2-per-cent net smelter royalty.
On December 1, 2015, Antofagasta plc (Antofagasta) acquired from Barrick Gold Corporation (Barrick) a 50 per cent interest (the Acquisition) in Compañia Minera Zaldívar Limitada (Zaldívar) that holds the Zaldívar copper mine located in northern Chile (the Zaldívar Mine). The resulting joint venture combines the resources and expertise of two global mining leaders to maximize the value of the Zaldívar Mine.
Antofagasta plc, through its wholly-owned subsidiary, Antofagasta Investment Company Limited, acquired Duluth Metals Limited by way of a plan of arrangement at a price of $0.45 per share, for total cash consideration of approximately $52.8 million. Immediately following the acquisition, Antofagasta funded the purchase of $30-million aggregate principal amount convertible debentures, being all of Duluth’s outstanding convertible debentures.