Davies

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• Acted for Louis Dreyfus Commodities Metals in connection with the equity subscription, cost overrun facility and copper and cobalt off-take commitments provided by it in connection with the project financing of Baja Mining Corp.'s Boleo copper-cobalt-zinc-manganese project in Mexico.

• Acted for Tongling Nonferrous Metals Group Holdings Co. Ltd., China's second largest copper cathode producer, and China Railway Construction Corporation Limited, one of the largest integrated construction enterprises in the world, in connection with their joint acquisition of Corriente Resources Inc.

• Acted for Hong Kong Stock Exchange-listed Hunan Non-Ferrous Metals Corporation Ltd., the largest antimony company in China, in its acquisition of Beaver Brook Antimony Mine Inc. located in central Newfoundland and Labrador. The Beaver Brook Mine is the only operating antimony mine in North America, and is one of the world's largest antimony deposits outside China and South Africa.

• Acted for Barrick Gold Corporation in connection with its agreement to sell to Silver Wheaton Corp. silver in an amount equal to 25% of the life-of-mine silver production from Barrick's Pascua-Lama project and 100% of silver production from Barrick's Lagunas Norte, Pierina and Veladero mines until project completion at Pascua-Lama in exchange for a US$625-million cash deposit and US$3.90 cash per ounce of silver.

• Acted for China Minmetals Non-Ferrous Metals Co., Ltd. and Jiangxi Copper Company Ltd., both Chinese state-controlled corporations, in their takeover bid for Northern Peru Copper Corp. valued at $455 million.

• Acted for Jinchuan Group Ltd., a Chinese state-controlled corporation and the largest producer of cobalt, nickel and platinum group metals in China, in its $214-million all-cash takeover bid for Tyler Resources Inc.

• Acted for Jinduicheng Molybdenum Group Co., Ltd. and Northwest Nonferrous International Investment Company, Limited, both Chinese state-controlled corporations, in their acquisition of Yukon Zinc Corporation by way of plan of arrangement in a transaction valued at $104 million.

• Acted for the Special Committee of Dynatec Corporation in the negotiated sale of Dynatec to Sherritt International Corporation by way of a share exchange plan of arrangement in a transaction valued at $1.6 billion.

• Acted for Richmont Mines Inc. in its acquisition of Patricia Mining Corp. by way of a plan of arrangement for cash and share consideration.

• Acted for Barrick Gold Corporation in connection with its acquisition of Randgold Resources' Tanzania mining properties.

• Acted for Barrick Gold Corporation in connection with the disposition of its 50% stake in the South Deep mine in South Africa to Gold Fields Limited for total consideration of US$1.525 billion.

• Acted for Barrick Gold and Noranda Inc., as sponsors, in connection with the IFC financing of the Refimet smelter in Chile.

• Acted for Barrick Gold Corporation and its Peruvian subsidiary in connection with the $150-million shelf prospectus and subsequent bond issuance in the Peruvian capital markets and a capital lease program provided by Citibank Peru and Banco de Crédito, the proceeds of which were used to finance the Lagunas Norte greenfields gold project in Peru.

• Acted for Barrick Gold Corporation in its US$200-million financing for the Bulyanhulu Gold Project in Tanzania.

• Acted for Barrick Gold Corporation in the US$250-million structured trade/project financing of its Veladero greenfield gold mine project in Argentina. This deal was selected as Trade Finance Deal of the Year for 2004 in Argentina by Trade Finance magazine and as Americas Mining Deal of the Year for 2004 by Project Finance magazine.

• Acted for Avnel Gold Mining Limited in connection with its grant to IAMGold Corporation of an option to acquire a 51% interest in Avnel's 80% interest in the Kalana Mining Project in Mali and the joint venture arrangements between the parties.

• Acted for Minmetals Exploration & Development (Luxembourg) Limited S.a.r.l. in connection with its acquisition, on a private placement basis, of 5% of the issued and outstanding shares of Century Iron Mines Corporation (formerly Red Rock Capital Corp.). In connection with the acquisition of shares, Davies also acted for Minmetals in respect of the material terms of an Offtake Agreement to be entered into between Minmetals and Century providing for the purchase by Minmetals of iron ore produced from Century's Duncan Lake Property.

• Acted for Barrick Gold Corporation and certain of its subsidiaries in its US$3-billion bridge facility agreement and $2-billion revolving credit facility arranged by RBC Capital Markets and Morgan Stanley Senior Funding Inc.

• Acted for Avnel Gold Mining Limited in connection with its issuance of common shares and warrants on a private placement basis.

• Acted for Avnel Gold Mining Limited, a TSX-listed mining company with assets in the Republic of Mali, in connection with its issuance of common shares and warrants on a private placement basis and the equitization of all of its outstanding indebtedness.

• Acted for African Barrick Gold Plc in connection with its US$150-million revolving credit facility with a syndicate of lenders led by Citibank N.A.