Trowers & Hamlins with banking syndicate on financing to Mazoon Mining
Trowers & Hamlins advised a syndicate of financiers including Sohar International Bank, Ahli Bank, Ahli Islamic (the Islamic arm of Ahli Bank), Bank Nizwa and National Bank of Oman, on a USD 270 million financing to Mazoon Mining, a subsidiary of Minerals Development Oman (MDO).
The transaction pertains to the development of a copper concentrate project in Oman, with an estimated total cost of approximately USD 450 million, of which the financing represents around sixty percent.
In connection with the operation, White & Case advised MDO and Mazoon Mining as lead and international counsel, with MAQ working as local Oman counsel for the companies.
The Trowers & Hamlins team
Banking and finance partners Salman Ahmed (pictured left), Jonathan Grosvenor (pictured centre) and Elias Moubarak (pictured right) led the Trowers & Hamlins team on the matter, working alongside projects partner Tom Wigley, associates Emilia Smart, Reem Al Mahrizi and Kasab Vora, as well as trainee lawyer Shamsa Alsharji.
