King & Wood Mallesons (KWM) has advised Consolidated Minerals Limited (Consolidated Minerals) on the successful completion of the amendment to the terms of their US$400,000,000 8.000% Senior Secured Notes due 2020 (Notes).

The amendment to the terms of the Notes provides Consolidated Minerals with additional liquidity during a period of low manganese prices.

Consolidated Minerals is a leading manganese ore producer with mining assets in Australia and Ghana and is strategically positioned in other steel-making commodities. Their operations are primarily conducted through major operating/trading subsidiaries in Australia, Ghana and Jersey.

The KWM team was led by partner Nathan Collins and was supported by senior associate Marcus Wettenhall and solicitor Peixin Truong.

Commenting on the transaction, KWM partner Nathan Collins said, “We are pleased to have been able to assist Consolidated Minerals to amend the terms of their Secured Notes so that they have a debt structure that meets their objectives during a challenging time in the manganese market.”

KWM previously assisted Consolidated Minerals with the issue of their Notes in 2014.