Demand for Australia’s mineral wealth to fuel expansion in emerging economies has seen a spike in cross-border transactions in key commodities such as iron ore, coal, liquid natural gas and coal seam gas.
Numerous multi-billion projects have progressed, with more in the pipeline. The climate change debate has resulted in a greater focus on water security and renewable power, both of which have already spawned several major projects. Project sponsors, faced with higher project costs partly driven by wage pressures and the impending carbon tax, are looking beyond equity for financing and turning to syndicated debt involving foreign banks and secondary listings on international bourses.
Our energy and natural resources team is one of the best in our region. We have substantial experience on all aspects of major energy and resources projects in Australia, Papua New Guinea, Asia and internationally, including the preparation and negotiation of complex exploration, production, operating/management, infrastructure, commodity sale and marketing arrangements, joint ventures, acquisitions and divestments, project development and financing and tax.
We are also at the forefront of some of the most high-profile public international law matters in our region, assisting governments and corporations with the resolution of highly complex cross-border disputes including maritime zone disputes affecting energy and resource development. Our expertise includes strategic advice, and assisting with the preparation and negotiation of treaties and related commercial arrangements.
Our power sector experience includes the National Electricity Market, reform and privatisation, acquisitions and divestments, and greenfield/brownfield project development including renewable energy.
We regularly assist clients develop appropriate entry point investment structures, obtain foreign investment approvals, manage tax and revenue risks (including in relation to resource rent and carbon taxes), and implement structures to attract funding and mitigate project risks.
The team brings credibility to the firm through its depth of experience and by having the right partners because, in this sector, it is about experience and what is achievable.