Metals Acquisition Corp. to Acquire the CSA Copper Mine from Glencore
The Transaction will be effected by the acquisition by MACs 100%-owned subsidiary, Metals Acquisition Corp. (Australia) Pty Ltd, of the issued share capital of Cobar Management Pty Limited, a 100%-owned Glencore subsidiary which owns CSA.
- The Transaction will be effected by the acquisition by MACs 100%-owned subsidiary, Metals Acquisition Corp. (Australia) Pty Ltd, of the issued share capital of Cobar Management Pty Limited, a 100%-owned Glencore subsidiary which owns CSA.
- Mick McMullen, MAC CEO, said: "The acquisition of CSA represents a strong strategic fit for MAC.
- CSA also provides us with an ideal cornerstone asset with which to establish a high-quality, mid-tier base metals portfolio.
- CSA is a producing, high-grade, long-life, underground copper mine located in the Tier 1 mining jurisdiction of western New South Wales, Australia.