Sidley is representing Orion Resource Partners LP (Orion), a leading global investment firm specializing in the metals and materials critical to sustainable economic growth and energy transition, in a 25% equity investment by fund entities managed by Orion into a US$2.3 billion mining development joint venture with Capstone Copper Corp. (Capstone) (TSX:CS) (ASX:CSC), an Americas-focused copper mining company, and a concurrent US$10 million PIPE into Capstone.
The JV investment will help fund the Santo Domingo and Sierra Norte mining projects in the Atacama region of Chile, and the PIPE will fund further exploration programs in connection with the JV. The JV will focus on developing a high-quality, diversified copper operation with long-life, low-cost, responsible, and safe production. The Santo Domingo project alone is expected to generate close to 6,000 jobs in the Atacama region of Chile during construction, and over 1,000 jobs once in full operation.
The Sidley team is being led by Joshua DuClos (M&A and Private Equity), and Eduardo Marquez Certucha and Chanse Barnes (Energy and Infrastructure), and includes Tim Chandler (M&A and Private Equity); John Stribling, Ayo Adaranijo, and Di Duan (Energy and Infrastructure); and Noam Waltuch and Andy Lau (Tax).
