Dhilmar to Acquire Éléonore Mine From Newmont for $795 Million

Paul, Weiss is advising Dhilmar Ltd. in its all-cash $795 million acquisition of the Éléonore gold mine in Northern Québec, Canada, from Newmont Corporation, the world’s leading gold company. Dhilmar is a newly incorporated, UK-based private mining company led by Alexander Ramlie, president, director and chief executive officer of PT Amman Mineral Internasional Tbk. The deal is expected to close in the first quarter of 2025, subject to regulatory approvals and other customary closing conditions.

The Paul, Weiss team is led by corporate partner Adam Givertz and includes partners Kanesh Balasubramaniam, David Tarr and Will Aitken-Davies, and counsel Anya Richter Hodes, Adam Longenbach, Stan Richards and Nathan Mitchell; tax partner Scott Sontag; litigation partners Harris Fischman and John Carlin, and counsel Audrey Paquet; executive compensation partner Rebecca Coccaro; intellectual property partner Jonathan Ashtor and counsel Matthew Rosenberg; real estate partner Salvatore Gogliormella; antitrust partners Annie Herdman and Marta Kelly, and counsel Yuni Sobel; and environmental counsel William O’Brien.