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SPAC MAC buys high grade CSA copper mine

MICK McMullen's so-called 'special purpose acquisition company' Metals Acquisition Corp is buying the CSA copper mine near Cobar in New South Wales for US$1.1 billion from Glencore.

Michael Quinn
CSA is an underground copper mine near Cobar, New South Wales

CSA is an underground copper mine near Cobar, New South Wales

The operation currently produces 40,000-50,000t per annum of copper in concentrate (plus silver), with targeted cash costs of about $1.50 per pound. MAC says sustaining capital of $73 million this year...

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