Harmony strikes R18bn copper acquisition Down Under

Harmony strikes R18bn copper acquisition Down Under

Copper these days is king, and the price for such assets is probably only going to keep going north amid warnings about looming shortages.

M&A is exploding across the junior and mid-tier mining space. And there's more coming

Big hitters lined up a major mining summit in Perth last week, saying more M&A is on the way While mega-mergers between majors have been sidelined, the junior and mid-tier space have become awash with corporate activity Kristie Batten rounds up the key deals in recent times in the gold, copper, rare earths and lithium spaces Things are heating up in terms of mining deal flow, though it is likely to be the mid-tier and junior space that is the ta…

Harmony Gold Mining to buy MAC Copper for $1.03bn

Harmony Gold Mining Company has agreed to acquire MAC Copper, owner of the high-grade CSA Copper Mine in Australia, for a total equity value of $1.03bn.The post Harmony Gold Mining to buy MAC Copper for $1.03bn appeared first on Mining Technology.

What the Harmony–MAC deal means for Aussie copper - Australian Mining

The CSA copper mine near Cobar, NSW. Image: MAC CopperHarmony Gold’s $US1.03 billion ($1.6 billion) acquisition of MAC Copper has set the Australian mining industry abuzz. But how will it shape and impact the country’s copper sector? MAC officially acquired the CSA copper mine near Cobar, New South Wales from Glencore in June 2023 for $US1.1 billion. The deal saw Glencore offtake 100 per cent of the copper concentrate produced and MAC assume own…

Harmony Gold buys MAC Copper for $1B – The Northern Miner

Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift...

Harmony Gold unveils $1.03bn bid for Australia's MAC Copper

HARMONY Gold has extended its reach into copper production, unveiling today a $1.03bn (R18.4bn) bid for Australia’s MAC Copper, a New York-listed company which operates the 41,000-ton-a-year CSA copper mine in New South Wales. Combined with the proposed 50,000 to 60,000 ton a year Eva Copper, an Australian project Harmony hopes to approve this year, the South African gold miner intends to produce up to 100,000 tons of copper concentrate annually…