Norton Rose Fulbright advises Macquarie Bank on first ever Côte d'Ivoire gold mine project financing

Global Business September 22, 2017

Global law firm Norton Rose Fulbright has advised major financial institution Macquarie Bank Limited on a project financing to Perseus Mining Côte d'Ivoire, a subsidiary of Perseus Mining Limited, an ASX-listed, WA-based mining company. 

The project loan facility will be used for the development and operating costs of the Sissingué gold project, which is understood to be the first ever project financing of a mining project in Côte d'Ivoire, and the first ever under the current Ivorian mining laws.

Our work involved drafting and negotiating all finance, hedging and security documents; conducting extensive project due diligence; and advising on the bankability of all material project documents.

Norton Rose Fulbright Perth-based partner Alen Pazin led the deal and commented:

"This transaction is the first project financing in Côte d'Ivoire to involve taking security under its current mining laws. Navigating through the West African Central Bank monetary regulations was also a critical piece of structuring this deal, and we are proud to be one of very few firms with regulatory and structuring expertise of this sort in Francophone Africa. It was extremely pleasing to be able to assist Macquarie Bank on this financing and to further the growing track record of Africa-based mining work we have been conducting from our Perth office."

Alen Pazin was assisted in Perth by consultant Herman Yip, associate Megan Tan and graduate Catherine Todd.  SCPA Dogué-Abbé Yao & Associés, our Ivorian counsel, advised on the Ivorian law aspects of the deal.

For further information please contact:

Alex Boxsell, Senior Brand & External Communications Manager, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165   Mob: +61 (0)414 985 556

Notes for editors:

Norton Rose Fulbright 

Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4000 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.  Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see

For more information about Norton Rose Fulbright, see