Mining and exploration company operations and maintenance agreement
Piper Alderman advised Capricorn Copper on the operations and maintenance agreement with Ausenco
Capricorn Copper Pty Ltd is a Queensland-based company engaged in the exploration, Mining, processing, and marketing of copper metal. The company produces silver and copper minerals with several mines across Australia. Piper Alderman advised Capricorn Copper on its arrangements with Ausenco Operations Pty Ltd in respect of a first-of-its-kind operations and maintenance arrangement for above-ground mining operation at Capricorn Copper’s mine in Northwest Queensland.
The deal involved transferring most of Capricorn Copper’s operational personnel to Ausenco, implementing a new operations and maintenance agreement with Ausenco, and establishing performance incentives.
Our corporate team’s role involved reviewing, drafting, negotiating, and advising Capricorn Copper on all aspects of the transaction, including employment transfer and redundancy, compliance with banking covenants, and general corporate and commercial advice.
Piper Alderman has broad experience negotiating and handling commercial and corporate issues in Australia, affirming its better placement to oversee the deal.