Asia: Minmetals forges golden path to OZ

Chinese bids for foreign natural resources often failed; Minmetals succeeded.


Global Awards
High grade	High-yield
Equity	M&A
Structured credit	Restructuring
Regional Awards
Asia	Latin America
CEE	Middle East

Deal: $1.386 billion sale of mining assets by OZ Minerals
Acquirer: China Minmetals Non-Ferrous Metals Co
Seller: OZ Minerals
Advisers: UBS (to Minmetals), Caliburn Partnership, Goldman Sachs JBWere (to OZ)
Date: June 11 2009

It was a bigger deal that for the first half of 2009 squatted in the headlines of the business papers and at the top of the M&A league tables, refusing to budge and squashing the competition. Chinalco’s $19.5