Baker McKenzie acts for ZCCM Investment Holdings Plc on life of mine royalty

Leading global law firm Baker McKenzie has advised ZCCM Investment Holdings Plc ("ZCCM-IH") in respect of a transaction with Kansanshi Mining Plc (”KMP”), First Quantum Minerals Ltd. and its subsidiary Kansanshi Holdings Limited.

The parties have entered into a Framework Agreement, pursuant to which ZCCM-IH will convert the ordinary dividend rights associated with its equity interest in KMP into a 3.1 per cent life of mine royalty right, to be granted by KMP on completion of the transaction, subject to the satisfaction of a number of conditions precedent.

Commenting on the transaction, Richard Blunt, Head of Baker McKenzie's Energy, Mining and Infrastructure Group, said:

"Advising ZCCM-IH on this complex transaction is testament to our team's expertise and knowledge of the sector in Africa. We're pleased to have supported ZCCM-IH through this landmark milestone in their ongoing investment in the Kansanshi mine".

Baker McKenzie's team, led by Corporate Partner Richard Blunt, included Tax Partner Oliver Pendred, Corporate Senior Associate Andrew Burleigh and Tax Associate Tom Roberts.