In this global series, we look at recent trends in streaming, including the emergence of streams on new battery commodities, and the move by mining companies to limit the ‘upside’ that is sold to stream purchasers. We also review the steps taken by stream purchasers to move away from bank-like security to consider security substitutes such as staged milestone-related instalments of the upfront payment.
Across our offices we have leading experience in mine streaming, having advised dozens of issuers and purchasers throughout the world. Mine streams are complicated forward sale contracts, with many sector-specific provisions. It is a growth area and one that is evolving.
Why are there fewer streaming transactions in Australia than North America?
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OFAC revokes so-called U-turn authorization for Cuba-related financial transactions
OFAC published a final rule that modifies the Cuban Assets Control Regulations to revoke the so-called "U-turn" authorization.
Recommended changes to improve Australia’s Medical Cannabis laws
On 5 September 2019, Professor John McMillan AO’s Final Report (Report) on the operation of the Narcotic Drugs Act 1967 (ND Act) was tabled in Parliament. Section 26A of the ND Act required the Minster to cause a review of the operation of the ND Act to be undertaken.