M&A

MAC completes CSA acquisition

METALS Acquisition has completed the US$1.1 billion acquisition of Glencore's CSA copper mine in Cobar, New South Wales, 15 months after the deal was first announced.

The CSA copper mine in NSW

The CSA copper mine in NSW

Glencore received $775 million in cash and $100 million in shares, giving the Swiss mining giant 20.6% of New York-listed MAC. Glencore will retain a 1.5% net smelter royalty for the life of the mine...

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