https://www.engineeringnews.co.za
Copper|Exploration|Drilling
Copper|Exploration|Drilling
copper|exploration|drilling

Metals Acquisition raises $20m for CSA copper mine

17th October 2023

By: Creamer Media Reporter

     

Font size: - +

NYSE-listed Metals Acquisition has announced a $20-million capital raising to fund exploration drilling and mine development at the CSA copper mine, in New South Wales, Australia.

“We are accelerating the implementation of many of the opportunities we have identified during the first three months of ownership of the CSA copper mine.

“With additional capital we expect to bring forward some of the previously unrealised value that exists at CSA,” said MAC CEO Mick McMullen.

Metals Acquisition acquired the mine, which is one of Australia’s longest-operating copper mines with a history stretching back almost 150 years, from Glencore.

Metals Acquisition will sell and issue 1.83-million ordinary shares at $11 each in a private placement funding. Scotiabank and Ashanti Capital are acting as joint placement agents.

Edited by Creamer Media Reporter

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.267 0.319s - 160pq - 2rq
Subscribe Now