BIRCH LEGAL advised Amur Minerals on the sale of Kun-Manie Project to Bering Metals LLC
BIRCH LEGAL acted as a counsel to Amur Minerals in its sale of Kun-Manie, a major undeveloped nickel copper sulfide property in the Amur Region to Bering Metals LLC.
Amur Minerals is an AIM listed mineral exploration company focused on base metal projects in the Far East of Russia. The feasibility study forecasts for the Kun-Manie project’s annual production rate to be 12,4m tons of ore, and the pre-production capex is estimated at USD 1,14bn.
The project was led by Senior Partner Anton Sitnikov. The team also included Senior Associate Gulnara Aleeva (M&A), Principal Associate Alexander Gavrilov (Regulatory and Antitrust) and Associate Oxana Lobova (M&A).
The deal has been closed at the beginning of March 2023 for a total consideration of USD 35m. Further details can be found at Amur Minerals website – Completion of disposal of Kun-Manie Project for US$35 million (amurminerals.com).
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