Arias, Fábrega & Fábrega acted as counsel to Eurasian Natural Resources Corporation PLC, a London Stock Exchange listed holding company of a leading diversified natural resources group with integrated mining, processing, energy and logistical operations based in Kazakhstan, in the acquisition of a 50% interest in of Bahia Mineração Limitada (BML), a Brazilian company focused on the development of an iron ore deposit in the Bahia State of Brazil.

The 50% interest in BML was acquired from Zamin BM NV for a cash consideration of US$300 million.

The deal involved a simultaneous closing in multiple jurisdictions including the UK, Brazil, Panama and Dutch Antilles.