Anyone who believes that Latin America has a wealth of metals to be found, should read "Structuring Mineral Exploration & Development Joint Ventures in Latin America," or as the writer Hugh Brooke Macdonald quips, "How to avoid putting a square peg into a round hole."
Macdonald has written an article exploring the principal business organization forms available to create mineral exploration and/or development joint ventures in Central and South America. He discusses major topics to consider in the formation of such partnerships. First, he outlines the terms of a hypothetical but common business deal in the international mineral exploration industry. Second, he offers a brief overview of common law unincorporated (contractual) and incorporated (equity) joint ventures used to document mineral exploration deals in the United States and Canada. Third, he explains the contractual and equity civil law joint venture structures that can be used in Latin America to achieve similar results.
A free copy of the report is available from the author by writing to [email protected]
Macdonald is president, Macdonald Consulting LLC (Advisors on Doing Business in Latin America), Miami. L.L.B. Queen's University, Kingston, Ont. (1982); admitted B.C. (1984), N.Y. (2002). Former associate, Baker & McKenzie, Caracas, Venezuela, and former house counsel for Latin America exploration, Placer Dome Inc. Currently also VP, Corporate Development of Everton Resources Inc.