Vancouver’s San Cristobal Mining Inc. (SCM) has successfully acquired the San Cristóbal mine in Bolivia, with legal advice from Watson Farley & Williams (WFW).
- The acquisition was executed through a stock purchase agreement involving shares of Commercial Metales Blancos AB and other subsidiaries.
- San Cristóbal mine is renowned for housing one of the largest zinc, lead, and silver deposits globally, serving as Bolivia’s largest mining operation.
- SCM collaborated with multiple international law firms to navigate the complex financing process for the acquisition.
- Lead advisors included WFW’s Global Mining and Commodities Sector Head Jan Mellmann and Project and Structured Finance Partner Daisy East.
Vancouver-based San Cristobal Mining Inc. (SCM) has successfully concluded the acquisition of the San Cristóbal mine in Bolivia, seeking expert guidance from Watson Farley & Williams (WFW) for its financing. The acquisition was meticulously structured through a stock purchase agreement, enabling SCM to acquire all issued and outstanding shares of Commercial Metales Blancos AB, SC Minerals Bolivia S.R.L, among other subsidiaries. This strategic move underscores SCM’s commitment to expand its foothold in the robust mining sector.
The San Cristóbal mine is notable for its vast deposits of zinc, lead, and silver, positioning it as the largest mining operation within Bolivia. This operation is primarily focused on producing zinc-silver and lead-silver mineral concentrates, further highlighting its significance within the global mining industry. The acquisition amplifies SCM’s capacity to enhance its mining operations and leverage the extensive mineral resources available at San Cristóbal.
Guided by the London Mining and Commodities team of WFW, SCM navigated the complex landscape of acquisition financing with precision. The advisory team was spearheaded by Global Mining and Commodities Sector Head Jan Mellmann, alongside Project and Structured Finance Partner Daisy East, providing an in-depth understanding of the market’s dynamics and the acquisition process. According to Mellmann, “We are delighted to have advised SCM on the financing for this major acquisition, which clearly demonstrates the appetite in the market for good mining assets in the right locations.”
SCM’s acquisition process was further bolstered through co-advisory by Aird & Berlis in Canada, with their proficient team led by Corporate Partner Jeff Merk and associates Jacqueline Goslett and Michelle Chen. Additionally, Boughton Law, under the leadership of Partner Conrad Nest, contributed to this complex transaction. On an international scale, counsel from PPO, Bratschi, and Cirio were instrumental in managing Bolivian, Swiss, and Swedish legal considerations respectively, reflecting the multifaceted nature of this international acquisition.
The successful acquisition of the San Cristóbal mine marks a significant milestone for SCM, enhancing its operational capabilities in the mining sector.
