Client Work

Magna Mining Enters into Definitive Agreement to Acquire Producing Copper Mine in Sudbury from KGHM International Ltd.

September 13, 2024
Authors
Abbas Ali KhanPartner
Bosa KosoricPartner
Ali J. NaushahiPartner
Talia K. BregmanPartner
Susan G. SellerPartner
Ben M. SissonsAssociate
Philip B. WardPartner
Samantha WengAssociate
Jane C. HelmstadterPartner
Noriko ShimuraPartner
Oscar Crawford-RitchieAssociate
Stefano CianfroneAssociate
Michaila GrazianiAssociate

Magna Mining Inc. has announced that it has entered into a definitive share purchase agreement dated September 11, 2024 with a subsidiary of KGHM International Ltd. to acquire a portfolio of base metals assets located in the Sudbury Basin. Magna will acquire the producing McCreedy West copper mine, the past-producing Levack mine, Podolsky mine and Kirkwood mine as well as the Falconbridge Footwall (81.41 percent), Northwest Foy (81.41 percent), North Range and Rand exploration assets.

Bennett Jones is acting as legal advisor to Magna.

The Bennett Jones team includes Abbas Ali Khan, Bosa Kosoric, Ali Naushahi (Securities/M&A), Talia Bregman (Employment), Susan Seller, Ben Sissons (Employment Benefits), Phil Ward (Tax), Jane Helmstadter, Samantha Weng (Real Estate), Sharon Singh, Claire Lingley, Claire Gibson (Environment/Aboriginal), Noriko Shimura (Debt), Oscar Crawford-Ritchie, Stefano Cianfrone and Michaila Graziani (Corporate/Commercial).

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For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Abbas Ali Khan, Partner
Toronto, Vancouver  •   416.777.5388  •   alikhana@bennettjones.com
Bosa Kosoric, Partner
Vancouver  •   604.891.5322  •   kosoricb@bennettjones.com
Ali J. Naushahi, Partner
Toronto  •   416.777.5397  •   naushahia@bennettjones.com
Talia K. Bregman, Partner
Toronto  •   416.777-4833  •   bregmant@bennettjones.com
Susan G. Seller, Partner
Toronto  •   416.777.5638  •   sellersg@bennettjones.com
Ben M. Sissons, Associate
Toronto  •   416.777.7834  •   sissonsb@bennettjones.com
Philip B. Ward, Partner
Toronto  •   416.777.7476  •   wardp@bennettjones.com
Samantha Weng, Associate
Toronto  •   416.777.5526  •   wengs@bennettjones.com
Jane C. Helmstadter, Partner  •   Co-Head of Commercial Real Estate Practice
Toronto  •   416.777.7470  •   helmstadterj@bennettjones.com
Noriko Shimura, Partner
Calgary  •   403.298.3640  •   shimuran@bennettjones.com
Oscar Crawford-Ritchie, Associate
Toronto  •   416.777.7822  •   crawfordritchieo@bennettjones.com
Stefano Cianfrone, Associate
Toronto  •   416.777.7842  •   cianfrones@bennettjones.com
Michaila Graziani, Associate
Toronto  •   416.777.7850  •   grazianim@bennettjones.com