Shearman & Sterling, together with Blake, Cassels & Graydon LLP, represented Quadra FNX Mining Ltd. in connection with its joint venture with Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation regarding the development of the Sierra Gorda copper/molybdenum project in Chile, development of which is expected to cost $2.9 billion. Shearman & Sterling handled the financing aspects of the arrangements, including the back-up financing facility as well as a $360 million bridge facility.

The Shearman & Sterling team was led by Cynthia Urda Kassis (New York-Project Development & Finance) and included associate Marcia A. Dawes (New York-Project Development & Finance).