From Yahoo Finance: 2025-05-27 14:22:00

Harmony Gold Mining Company Ltd. announced a $1.03 billion all-cash deal to acquire MAC Copper Ltd., aiming to boost its exposure to copper amid the energy transition. MAC’s primary asset is the CSA Copper Mine in Australia, which produced 41,000 metric tons of copper in 2024 with a reserve life of over 12 years. Harmony will repay MAC’s debt and take on obligations related to silver and copper streams. The acquisition will be at $12.25 per share, representing a premium over MAC Copper’s closing price.

Harmony Gold is set to acquire MAC Copper in a deal valued at $1.03 billion, increasing its copper exposure. MAC’s CSA Copper Mine in Australia produced 41,000 metric tons of copper in 2024 with a reserve life of over 12 years. Harmony will repay MAC’s debt, assume obligations related to silver and copper streams, and potentially pay $150 million to Glencore for the CSA Copper Mine acquisition. The acquisition will be at $12.25 per share, representing a premium over MAC Copper’s previous closing price.



Read more at Yahoo Finance: Harmony Gold to Acquire MAC Copper in $1.03 Billion Deal, Boosting Copper Exposure