Dentons Rodyk acted for China Titanium Resources Holdings Ltd. in its investment in the Orokolo Bay Industrial Sands Project, which has a net present value of approximately US$106 million and mining tenements that are spread over 10,000 square kilometers in Papua New Guinea’s Gulf province. The deal concerns the provision of US$25 million in funding for up to a 49% stake in MR Iron PNG Pte Ltd, a subsidiary of Mayur Resources Ltd, which holds the Orokolo Bay Industrial Sands Project as part of its industrial mineral sands mining portfolio in Papua New Guinea. The Dentons Rodyk team advised clients on, among other things, the subscription and shareholders’ agreements for the investment. 

Senior Partner Marian Ho led the matter, supported by Legal Executive Sean Gallagher and Associate Randall Lee. 

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