13 May 2014

Clayton Utz advises MMG Limited on the sale of Avebury nickel mine to QCG Resources

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."

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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.