References/28 Jul 2021

Borenius advised Freeport-McMoRan on the $160 million sale of Freeport Cobalt to Jervois Mining

We advised Freeport-McMoRan in connection with its sale of Freeport Cobalt for $160 million and up to an additional $40 million in contingent consideration to Jervois Mining Limited. Freeport Cobalt is a cobalt refining and specialty products business with a production facilty in Kokkola, Finland. The transaction is expected to close at the end of August 2021 and is subject to customary closing conditions.

Freeport-McMoRan Inc is one of world’s three largest copper producers, and Jervois Mining Limited is an ASX listed mining company for which this acquisition gives the potential to transform into the second largest producer of refined cobalt outside China.

Share on LinkedInTweet about this on XShare on Facebook

Service areas

Team

Casper Herler

Partner

Helsinki

Ari Kaarakainen

Partner

Helsinki

Heikki Wahlroos

Partner

Helsinki

Annukka Käsnänen

Senior Associate

Helsinki

Henriikka Piekkala

Counsel

Helsinki

Henna Jovio

Counsel

Helsinki

Max Malinen

Senior Associate

Helsinki