Melbourne, 13 May 2014: Clayton Utz is representing Melbourne headquartered, Hong Kong Stock Exchange listed global resources company MMG Limited (MMG), on the sale of its Avebury nickel mine located on the West Coast of Tasmania, Australia.
On 15 April 2014, MMG entered into an agreement with Perth based QCG Resources for the sale of the mine for a total consideration of A$40 million. Subject to regulatory and other approvals, the sale is expected to complete within the next six months.
Corporate partner Jonathan Li led the Clayton Utz team on the transaction, which included environmental and planning partner Damien Gardiner, senior associate Elissa Tobin, senior lawyer Yasmin Hogan and lawyer Kevin Zhou.
Commenting on the transaction, Jonathan said: "We are delighted to support MMG on the sale of Avebury and look forward to continue working closely with the MMG team to achieve its successful completion in the coming months."