Maximiliano Urrutia

Associate

murrutia@carey.cl
+56 2 2928 2205



His practice mainly is focused on natural resources, mining and energy.


REPRESENTATIVE EXPERIENCE

  • Pan American Silver on the acquisition of all of the issued and outstanding common shares of Yamana Gold for USD4.8 billion. The operation included, among others, the El Peñón and Minera Florida mining projects in Chile, and the granting of securities for the amendment of an existing credit agreement with Canadian financial institutions.
  • Codelco on an agreement with Lithium Power International (LPI), a company listed in the Australia Stock Exchange (ASX) to acquire 100% of the share capital of LPI by way of a Scheme of Arrangement. LPI owns, through its subsidiary Minera Salar Blanco, the "Blanco Project", adyacent to Codelco's mining tenements in the Maricunga Salt Flat.
  • Capstone Mining Corp., a Canadian based company, on a USD3.3 billion joint venture with Mantos Copper. Capstone’s shareholders acquired a 60.2% stake in the new mining company, which operates as Capstone Copper. Mantos’ shareholders acquired the remaining minority interest. Capstone Copper operates the Chilean mining projects Mantoverde, Mantos Copper and Santo Domingo.
  • Codelco on the implementation of its lithium project in the Maricunga salt flat, specifically regarding potential partners in the area and surface easements.
  • Teck Resources and its subsidiary Teck Resources Chile on a joint venture with Sumitomo for the acquisition of 30% of Compañía Minera Quebrada Blanca for USD1.2 billion, for the development and construction of Quebrada Blanca Phase II project.
  • Aftermath Silver on the acquisition of 100% interest in Challacollo project from Mandalay Resources.
  • Melón on its defense regarding a claim for the constitution of mining easements over land owned by Melón and loaned to the borough of La Calera.
  • Osisko Gold Royalties on the purchase of a precious metal portfolio from Orion Mine Finance Group, U.S. private equity firm, for USD895 million. The acquisition included a silver stream on the Mantos Blancos copper mine located in Antofagasta, Chile, operated by Mantos Copper.

AWARDS AND RECOGNITIONS

  • Recognized in Mining, The Legal 500.

PUBLICATIONS

  • Co-author of the Chilean chapter of the guide "Practice Guide Mining", Lexology Getting the Deal Through (2019, 2021, 2022).
  • Co-author of the chapter "Regulated Industries: Mining”, Doing Business in Chile, 3rd edition, British Chilean Chamber (2017).
  • Co-author of "Mining in Chile: Overview", Country Q&A, Practical Law (2014).
  • Co-author of "Chile: An Introduction", Energy & Natural Resources: Mining, Chambers & Partners Latin America (2015).

EDUCATION

  • Law, Universidad Católica de Chile.
  • Master in Energy and Resources Law, The University of Melbourne, Australia (2019).

ADMISSIONS

  • Chile (2013).

LANGUAGES

  • Spanish.
  • English.

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