Edwin Coe advises Royal Road Minerals on major mining acquisition in Colombia

Edwin Coe is pleased to announce that it advised Royal Road Minerals Limited on its recent acquisition of a portfolio of Colombian mining assets from AngloGold Ashanti.

In the multi-million dollar deal, Royal Road Minerals acquired Northern Colombia Holdings Limited from a subsidiary of AngloGold Ashanti. NCH holds mining concession agreements covering approximately 36,000 hectares of land, and the further rights to applications that have been made to acquire mining concessions over approximately 215,000 hectares of land, in prospective mineral belts in the Colombian regions of Nariño, Cauca and Antioquia. The overall acquisition cost will be related the achievement of a range of exploration and production milestones.

Royal Road Minerals is a Toronto-based gold and copper focused mineral exploration and development company, which is listed on the Toronto Venture Exchange and the Frankfurt Stock Exchange. The company is unique in its approach as first-movers in post-conflict and transitioning environments.

The Edwin Coe team was led by Head of Corporate & Commercial Russel Shear, who commented: “We are delighted to have assisted Royal Road Minerals in building its presence in Colombia, through this complex acquisition.”