Metals Acquisition completed the acquisition of CSA Copper Mine from Glencore for $1.1bn.

Metals Acquisition, a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy, completed the acquisition of CSA Copper Mine, an Australian mine, from Glencore, a British–Swiss multinational commodity trading and mining company, for $1.1bn. “We are delighted to have closed on the transaction. I want to thank the large group of investors that supported our recent PIPE totaling $230m, our other funding partners, our advisors who have worked resolutely, as well as Glencore for working steadfastly with us throughout the entirety of our transaction. Today is truly an exciting moment for all of us at Metals Acquisition Limited, the new owner and operator of this historic asset. We look forward to working with the CSA Mine team to make this into a great foundational asset for MAC,” Mick McMullen, MAC CEO.