Slaughter and May, Hong Kong, advised Chinalco Mining Corporation International ("CMC") in relation to the global offering of its shares and listing on the Main Board of the Stock Exchange of Hong Kong. The global offering has raised approximately US$397 million. The joint lead managers in respect of the global offering are Morgan Stanley, BNP Paribas, China International Capital Corporation, Standard Chartered, HSBC and CCB International Capital Limited.

CMC is a subsidiary of the Aluminum Corporation of China ("Chinalco") and acts as Chinalco's core platform for the acquisition, investment, development and operation of non-ferrous and non-aluminum mineral resources in respect of Chinalco's overseas projects. CMC is focused on developing the Toromocho Project located in central Peru in the heart of the Morococha mining district. The Toromocho Project is the world's second largest pre-production copper project, as measured by proved and probable copper ore reserves, and the world's third largest pre-production copper project, as measured by average planned annual production between 2012 and 2020.

The listing was announced on 18 January 2013 and CMC listed on the Main Board of the Stock Exchange of Hong Kong on 31 January 2013.

We have acted for issuers, sponsors and underwriters on some of the most significant listings, placings and other capital markets transactions in Hong Kong, the PRC, Asia Pacific region and internationally. In 2012, we advised on the US$3.6 billion Hong Kong listing of Chinese state-owned insurer, People's Insurance Co. (Group) of China Ltd (PICC), which was the largest IPO in Hong Kong in two years and the fourth largest IPO globally in 2012. It was also a global record for the number of underwriters - 17 in total.
 
Contacts

Benita Yu (partner), George Vaughton (associate), William Ho (associate), Paddy Law (associate)

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