Minera y Metalúrgica del Boleo’s AUD 100 Million Notes Offering Guaranteed by Korea Resources Corporation

December 3, 2014

Cleary Gottlieb represented BNP Paribas as the sole bookrunner and lead manager, in a Reg. S offering of AUD 100 million 4.125% notes due 2019 issued by Minera y Metalúrgica del Boleo and guaranteed by Korea Resources Corporation. The notes were listed on the Singapore Exchange. The offering priced on November 26 and closed on December 3.

Established as a statutory juridical entity in 1967 under the Korea Resources Corporation Act, Korea Resources Corporation is a wholly state-owned enterprise that serves as the execution arm of the Korean government for mineral resources-related policies of Korea. Korea Resources Corporation is mandated to secure a stable supply of key mineral resources, both domestically and overseas, that are strategically important to Korea’s economic development and owns 70% of Minera y Metalúrgica del Boleo, a mining operation established primarily to engage in the extraction of copper in a copper-cobalt-zinc deposit located on the east coast of the Baja Peninsula in Mexico.