Australia’s ClarkeKann Lawyers and DLA Piper had the lead roles on Formosa Plastics Group’s $1.15 billion investment in an iron-ore mining project in Western Australia.
Formosa, Taiwan’s largest private company, is buying into the FMG Iron Bridge Project, which comprises two mines with a total iron ore resource of 5.2 billion tons. The project is held by a joint venture between Australia’s Fortescue Metals Group and Chinese state-owned Shanghai Baosteel Group Corp., with Fortescue controlling 88 percent.
