https://www.engineeringnews.co.za

Metals Acquisition shareholders approve Australia copper mine buy

6th June 2023

By: Creamer Media Reporter

     

Font size: - +

The shareholders of NYSE-listed Metals Acquisition Corp (MAC) have approved its proposed acquisition of the CSA copper mine from Glencore Operations Australia.

MAC will acquire from Glencore the issued share capital of Cobar Management Pty Limited, which owns and operates the CSA mine, in New South Wales.

MAC, a special purpose vehicle listed in New York, will buy the copper mine for $1.1-billion and a 1.5% net smelter return life-of-mine royalty upon completion of the transaction.

The CSA mine employs 540 staff and produces around 50 000 t of copper each year, which is mined and processed on site, and then railed 700 km to the Port of Newcastle for export. In 2021, the mine produced 40 530 t of copper in concentrate.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.055 1.233s - 140pq - 2rq
Subscribe Now