Stemcor Pellets-Savage River mine stake disposal

Commercial Litigation Lawyer -31/10/2008 One of Sydney's Renowned Law Firm seeks the skills of a highly motivated and commercially minded Litigation Lawyer to join their successful practice
Lawyer, Private Equity -25/09/2008 A top-tier firm is looking to recruit a Private Equity lawyer to join its well established Corporate Advisory group.
Litigation Lawyer - Senior Position -24/11/2008 Is it time for you to join this multi award winning law firm that is recognised as one of Australia's leading law firms?

One of Sydney's Renowned Law Firm seeks the skills of a highly motivated and commercially minded Litigation Lawyer to join their successful practice

Lawyer, Private Equity -25/09/2008

A top-tier firm is looking to recruit a Private Equity lawyer to join its well established Corporate Advisory group.

Is it time for you to join this multi award winning law firm that is recognised as one of Australia's leading law firms?

Firm - DLA Phillips Fox Client - Stemcor Pellets Lead Lawyers - Role -

Deal summary

Stemcor Pellets sold its 10% stake in Savage River mine, operated by Australian Bulk Minerals (ABM)

Deal involved exchange for shares in Grange Resources that agreed to merge with ABM

Grange will acquire holding companies of ABM from Shagang International Holdings, RGL Holdings, Pacific International and Stemcor Pellets by issuing them about 380m shares

DLA Phillips Fox previously acted for Stemcor on its acquisition of Savage River mine in 2005, and its 90% stake sale to the Shangang interests in 2007

Savage River mine has an implied value of A$720m and merger will create a listed entity worth A$1bn

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