Client Requirement: Miky Wan requested our assistance in the negotiations to acquire the Cobriza Mine (a project that belonged to Doe Run). This was a project for USD 50 Million (including capital expenditure to re-initiate mining operations). The project contained several environmental matters to deal with, including agreements with indigenous communities, remediation of past environmental damages, water rights, among others. Client asked us to assess all environmental duties and contingencies (if any) in order to understand the level of responsibilities to be assumed.
Our participation: As requested, we provided Miky Wan a thorough analysis of each environmental duties and contingencies for the Cobriza Mine. In addition, we went further and provided alternatives to overcome the identified contingencies. These suggestions were more than welcome because Miky Wan was able to add negotiation tools that made this deal a feasible one.
Client benefit: Considering the alternatives we have provided in order to deal with certain key contingencies, Miky Wan and related investors were able to launch an offer for this task. Otherwise, they wouldn’t have considered filing any offer. Unfortunately, for Miky Wan and related investors the deal was allocated to a competitor, but they know now that we could be trusted for any future opportunity in the environmental field.
