Pinsent Masons advises on China SFECO Group acquisition of Chalice Gold stake in Zara Mining

02 May 2012 | 09:44 am |

International law firm Pinsent Masons advised China SFECO Group (a unit of Shanghai Construction Group) on the US$80million acquisition of a 60% stake in Zara Mining Share Company, an African joint venture company of listed Australian gold explorer, Chalice Gold Mines Ltd.

Eritrea-based Chalice Gold is an East African-focused company which has been developing high grade Koka Gold Deposit as part of the Zara Project. China SFECO Group specializes in industrial engineering and has been listed in the World Top 225 contractors by ENR (Engineering News Record) for the past 15 years.

The Pinsent Masons team was led by head of corporate in the Pinsent Masons’ Shanghai office Jonathan Reardon and construction partner Helen Chang, assisted by corporate senior associate Stephen Ye. Chalice Gold was advised by Middletons.

 Head of corporate in China, Jonathan Reardon commented: "It was exciting to advise China SFECO Group on its first strategic investment in the African gold mining sector. With their project expertise and professional approach, we are sure this will be a very successful project for China SFECO Group."

 Gene Zheng , Vice President, of China SFECO Group said:"We received invaluable advice from the Pinsent Masons team and our other advisers in relation to the Zara acquisition."

Latest press releases

Show me all press releases

Pinsent Masons advises on listing of Media and Games Invest plc.

Pinsent Masons has advised Hauck & Aufhäuser on the listing of Media and Games Invest plc. on the Scale Segment of the Frankfurt Stock Exchange.

Pinsent Masons advises Straumann on investment in DrSmile

Pinsent Masons has advised the Straumann Group on its acquisition of a significant majority stake in DrSmile – a leading dental provider of orthodontic treatment solutions in Germany.

Transactional Services group appoints two partners in Singapore

Multinational law firm Pinsent Masons has appointed Transactional Services partners Nicholas Hanna and Mark Tan, as it grows its corporate capabilities in Singapore.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises on listing of Media and Games Invest plc.

Pinsent Masons has advised Hauck & Aufhäuser on the listing of Media and Games Invest plc. on the Scale Segment of the Frankfurt Stock Exchange.

Pinsent Masons advises Straumann on investment in DrSmile

Pinsent Masons has advised the Straumann Group on its acquisition of a significant majority stake in DrSmile – a leading dental provider of orthodontic treatment solutions in Germany.

Transactional Services group appoints two partners in Singapore

Multinational law firm Pinsent Masons has appointed Transactional Services partners Nicholas Hanna and Mark Tan, as it grows its corporate capabilities in Singapore.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts