Mining
For over a century, CIBC has been closely involved in the mining industry. Today CIBC stands at the forefront of the industry as a recognized leader in providing financing and advisory services to mining companies around the globe.
We are committed to the mining industry and approach each transaction with a global view. We have strong global capabilities and are especially effective in raising funds and assets for clients within and outside North America. Our Global Metals & Mining professionals are located in the world's top mining centres: Toronto, Vancouver, Sydney, London and New York. Recognizing the growing importance of China, we have also added mining investment bankers in Hong Kong and Beijing. Our teams work together to ensure constant global coverage and around-the-clock execution for our clients.
Expertise
Our Global Mining team consists of more than 40 professionals with a range of backgrounds in geology, engineering, law and finance. In addition to mining industry expertise, our professionals have extensive M&A, valuation and fairness opinion experience.
We are a global leader in mining M&A advisory, equity underwriting and project financings. We have completed assignments for mining companies in North and South America, Australia, Europe, Asia and Africa, and have led many of the industry's largest gold and base metals equity transactions, including Placer Dome (USD$468 million), Noranda (CAD$614 million) and Centerra (CAD$282 million). We have also played integral lead advisory roles in some of the largest mergers and acquisition deals, including: Rio Tinto/Alcan (USD$44.0 billion), Xstrata/Falconbridge (CAD$27.0 billion), Barrick/Placer Dome (USD$10.7 billion), Goldcorp/Glamis (USD$8.5 billion), Noranda/Falconbridge (CAD$4.5 billion), Teck Cominco/Aur (CAD$4.1 billion), Katanga/Nikanor (USD$2.1 billion) and AngloGold/Ashanti (USD$1.7 billion).
Because of our reputable in-house technical mining expertise, we are often called upon to fill the Technical Agent role in project finance. We have been a lead arranger on some of the largest mining project financings including those for the Antamina, Alumbrera, Collahuasi, Bulyanhulu, Diavik, Las Cruces, Mina Justa and Quebrada Blanca mines.
