Harmony Gold to Acquire MAC Copper in US$1.03 Billion Deal

US investigation opens door for Aussie copper - Australian Resources & Investment

Image: Tchoupis/shutterstock.comA recent US court ruling blocking portions of the US Government’s tariffs has had little impact on global copper markets. While much of the ruling was paused pending appeal, copper was not included in the scope and market participants believe it has little bearing on current trade expectations. Since February, copper has been under review through a Section 232 investigation launched by the US Government. This mech…

Harmony Gold to Acquire MAC Copper in US$1.03 Billion Deal

Harmony Gold Mining Company’s (NYSE:HMY,JSE:HAR) wholly owned Australian subsidiary, Harmony Gold (Australia), has entered into a binding agreement to acquire MAC Copper (NYSE:MTAL,ASX:MAC). MAC is the owner of the CSA copper mine in New South Wales. Its annual production comes to approximately 40,000 metric tons of copper, with 2024 output totaling 41,000 metric tons of the red metal. The transaction is priced at US$12.12 per MAC share in cash,…