29 Apr 2011

Barrick Gold bid gets a hand from Clayton Utz

Sydney, 29 April 2011: Clayton Utz has acted as Australian counsel to global miner Barrick Gold in connection with its CAN$7.3 billion (US$7.7 billion) all-cash takeover offer to acquire ASX and TSX listed Equinox Minerals Limited, announced on 25 April 2011.

The takeover represents the largest Australian M&A transaction announced in 2011 year-to-date and is also the largest Australian resources inbound M&A transaction since ConocoPhillips’ US$7.9 billion acquisition of coal seam gas assets in 2008 (on which Clayton Utz acted for Origin Energy).

This transaction continues Clayton Utz's trusted adviser role to Toronto-based Barrick Gold – the world's largest gold miner – on a number of transactions, including Barrick's takeover of Tusker Gold Limited in 2010.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.