Vale and BSG Resources Form Joint Venture
Skadden is representing BSG Resources Limited (BSGR), which announced the creation of a joint venture with Vale S.A. to develop mining rights in the Republic of Guinea. Under the agreement, announced April 30, Vale S.A. has acquired 51% of BSGR Guinea for a total purchase consideration of $2.5 billion. BSG is a privately owned holding company with interests across the globe in natural resources, real estate, capital markets and the diamond industry. BSGR is BSG’s natural resources company, with metals and mining operations in Africa and Eastern Europe. Vale is the second-largest metals and mining company in the world.