Thomson Geer advises Indonesian miner BUMI Resources on Wolfram Ltd takeover bid

Thomson Geer has advised Indonesian miner PT BUMI Resources TBK on its takeover bid for Australian gold and copper miner Wolfram Ltd for A$63.5 million.

Wolfram owns the Mt Carlton Gold Mine and Crush Creek Project in Queensland.

BUMI and Wolfram have entered into a Bid Implementation Deed for BUMI to acquire Wolfram, with Wolfram directors unanimously recommending shareholders accept the takeover bid.

BUMI, which is one of the world's largest coal mining companies, is acquiring Wolfram as part of its diversification strategy. Thomson Geer worked with BUMI's Indonesian firm Mishcon de Reya on the transaction.

The Thomson Geer team was led by Partner Matt Reynolds, who said "We are pleased to be able to assist BUMI as its trusted Australian legal advisors on this significant step for it and for the development of Wolfram's highly attractive projects. It is yet another sign of Australia's attractiveness as an investment destination for global companies and interest in gold assets."

Matt was supported by Partners Sarah O'Brien-Smith and Jae Lemin, Special Counsel Shaun Restorick-Barton, Senior Associate Pari Sawale, Associate Christiana Papadimitriou and Lawyers Liam DiMartino, Will Lyons and Lachlan Ball.

BUMI Resources is a subsidiary of Indonesian conglomerate, the Bakrie Group.

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