Corporate Transactions & Securities

Full press release. 

The Parsons team performed all aspects of the merger including extensive and complex environmental permitting. The joint venture is expected to generate approximately $5 billion pre-tax net present value over a 20-year period. The joint venture includes Barrick’s Goldstrike, Cortez, Turquoise Ridge and Goldrush mines and Newmont’s Carlin, Twin Creeks, Phoenix and Long Canyon mines along with associated processing plants, power generation facilities and infrastructure of both companies. 

The new NTEC venture includes the Antelope and Cordero Rojo mines, which are the third- and fifth-largest coal mines in the U.S., as well as the Spring Creek mine. NTEC is a wholly-owned LLC of the Navajo Nation. The team includes Bruce H. White and Michael R. Brown, who provide strategic guidance on the bankruptcy and corporate structure aspects of the transaction, Kevin W. Johnson, who is handling anti-trust and mining issues, Shane L. Hanna, who is managing many of the core corporate transactional matters. The transaction is anticipated to close during October 2019.

Negotiated the stock exchange acquisition for Chartlogic by Medsphere Systems Corp. including due diligence and disclosure statements for Chartlogic’s Ambulatory Electronic Health Record (EHR), practice management and medical billing solutions 

Represented Sweeney Family in Park City, Utah in connection with their pursuit of Treasure Hill development rights, resulting in an agreement by Park City Municipal Corporation to pay the family and their co-owner $64 million to sell the rights to Park City so as to allow Park City to preserve open space.

Acted for Barrick Gold Corporation in connection with its US$110-million sale to subsidiaries of Waterton Precious Metals Fund II Cayman, LP of a 70% interest in the Spring Valley project and 100% of the Ruby Hill mine located in Nevada.

Acted for Barrick Gold Corporation in connection with its US$610-million sale to Kinross Gold Corporation of non-core assets in Nevada, including a 50% interest in the Round Mountain mine and 100% of the Bald Mountain mine, and related arrangements for a new 50-50 exploration joint venture with Kinross that will own a large land package on the Bald Mountain property.