Sandfire Resources to acquire MATSA from Trafigura and Mubadala Investment for $1.9bn.

Sandfire Resources, a mining and exploration company, agreed to acquire MATSA, a mining complex in Spain, from Trafigura, a commodity trading and logistics house, and Mubadala Investment, a sovereign investor, for $1.9bn. "The MATSA acquisition transforms Sandfire into a first quartile copper producer of global scale and allows us to leverage our skill sent to deliver on our growth ambitions to create one of the highest quality and most compelling copper exposures on the ASX," Karl Simich, Sandfire CEO.