South Africa $9 Billion Harmony Gold Mining Buys MAC Copper for $1 Billion in All-Cash Deal, MAC Copper Founded in 2022 as Metals Acquisition Limited & Dual-Listed on ASX (Australia) & NYSE (United States)
1st June | Hong Kong
South Africa Harmony Gold Mining ($9 billion market value) has announced to buy MAC Copper for $1 billion in all-cash deal. MAC Copper was founded in 2022 as Metals Acquisition Limited, and is currently dual-listed on ASX (Australia) & NYSE (United States). MAC Copper – MAC Copper Limited (NYSE: MTAL; ASX:MAC) is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy. Grounded in environmental, social and governance stewardship, our team’s track record is evident of utilizing deep technical and cost reduction experience to identify under-valued assets and turn them around to deliver significant value to all stakeholders. Our expertise extends across all commodities, including base metals, iron ore, precious metals, battery metals, and through the value chain – from upstream mining through downstream processing and commodities trading, in all major mining jurisdictions. In June 2023, MAC Copper Limited (formerly Metals Acquisition Limited) acquired the CSA mine from Glencore. CSA is a producing, high-grade, long-life, underground copper mine located in the Tier 1 mining jurisdiction of western New South Wales, Australia. CSA has been in operation since 1967 and has a strong ESG track record. Harmony Gold – Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has operations and assets in South Africa and Papua New Guinea (PNG). Harmony has more than 70 years’ experience in the industry. Company assets include one open pit mine and several exploration tenements in PNG, as well as 9 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset – in a joint venture in PNG and the Eva Copper project in Australia. The company’s primary stock exchange listing is on the JSE with a secondary listing on the New York Stock Exchange. The bulk of our shareholders are in South Africa and the United States
“ South Africa $9 Billion Harmony Gold Mining Buys MAC Copper for $1 Billion in All-Cash Deal, MAC Copper Founded in 2022 as Metals Acquisition Limited & Dual-Listed on ASX (Australia) & NYSE (United States) “
South Africa $9 Billion Harmony Gold Mining Buys MAC Copper for $1 Billion in All-Cash Deal, MAC Copper Founded in 2022 as Metals Acquisition Limited & Dual-Listed on ASX (Australia) & NYSE (United States)
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