Photo: businesstech.co.za
South African gold giant crosses final hurdle to buy R19 billion Australian company
Harmony Gold has finalized its acquisition of MAC Copper for $1.08 billion, enhancing its portfolio with the high-grade CSA Copper Mine in New South Wales.
- Harmony Gold (mining) has completed the final regulatory step for acquiring MAC Copper, a deal valued at R19 billion, or $1.08 billion.
- MAC Copper operates the CSA Copper Mine, a high-grade mining site located in New South Wales, Australia, vital for Harmony Golds expansion.
- The acquisition will be listed on the Australian Securities Exchange and is expected to strengthen Harmony Golds position in the global mining sector.
Why It Matters
This acquisition underscores the growing trend of consolidation in the mining industry, with Harmony Gold (mining) aiming to leverage valuable resources in Australia to boost its market presence on the New York Stock Exchange.