Milbank LLP represented BNP Paribas, Crédit Agricole, Citibank, HSBC, JPMorgan Chase and Korea Trade Insurance Corporation (K-Sure) in connection with the financing of the first phase of the Sal de Oro lithium brine project, located in the provinces of Catamarca and Salta in Argentina. The Sal de Oro lithium brine project is one of the most important lithium brine projects in Argentina and is being developed by POSCO, one of the largest steel manufacturers in the world based in South Korea.
The Milbank deal team was led by Global Project, Energy and Infrastructure Finance partner Alec Borisoff and special counsel Jeeseon Ahn with support from associates Chloe Kim and Anthony Farrell as well as partner David Gartside and special counsel Brian Youn based in Milbank’s Seoul office.
Mr. Borisoff noted: “We are honored to have represented this group of sophisticated finance parties on this essential battery metal project in Argentina.”
In addition to Sal de Oro, Milbank has had a lead role in numerous major greenfield and expansion financings in the mining sector in recent years, several of which have been awarded “deal of the year” recognition and represent several billion dollars’ of investment in the sector.
