China Baowu completed the purchases giving it 49% of WCS’s mining and infrastructure subsidiaries for the northern blocks and, in the southern blocks, an entry through the Chinalco-led consortium, on a planned total investment of ~US$6bn (including US$1.5bn in the south). The August 2023 Beijing signing (on which Thiam & Associés and Hogan Lovells advised Baowu,) was the legal spine of the Chinese consolidation of Simandou.
Value: US$6bn programme (verified against public announcements).
Advisers: Thiam & Associés; Hogan Lovells (Beijing).
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
