We acted for a long established mining company in the sale to another mining company of an option to take a mineral lease of land with the benefit of planning consent to extract sand and gravel.
The deal included the sale of the client’s operating plant nearby to provide facilities for processing the minerals extracted, and the grant of a mineral lease of part of land and buildings owned by the client to the buyer to extract remaining minerals under an existing planning consent. The lease was constructed to take account of particular commercial agreements between the parties, rights of access to the remaining farmland on the client’s title and aftercare and reinstatement obligations.
The deal also included the supply of advisory services to the buyer.
It was important to both parties to complete the transaction within a very tight timescale which was achieved with the cooperation of all parties