On May 27th, Harmony Gold (also known as "Hamoni Gold"), headquartered in Johannesburg, South Africa, announced that it had reached an agreement with MAC Copper Limited, an Australian mining company registered in Jersey Island, to do so through its wholly-owned Australian subsidiary, Harmony Gold (Australia) Pty Limited acquired 100% of MAC's shares at a cash price of $12.25 per share, with a total equity value of $1.03 billion (approximately 7.42 billion yuan). MAC holds a 100% stake in the sole asset, the CSA copper Mine ("CSA"), which is located in the Cobar area of New South Wales, Australia, approximately 700 kilometers northwest of Sydney.
Strategic basis: Harmony stated in the announcement that as a specialized mining company, it is currently transforming into a global producer of gold and copper. With over 75 years of experience, its strategic goal is to achieve safe and profitable gold production and increase profit margins through outstanding operations and value-added acquisitions. In recent years,Harmony has successfully acquired and integrated a series of high-quality businesses and projects, including the full acquisition of the Hidden Valley project in Papua New Guinea in 2016, the acquisition of the Moab Khotsong project in 2018, and the acquisition of Mponeng and Mine Waste in 2020 The Solutions project, as well as the acquisition of the Eva copper mine in Queensland, Australia in 2022.
