Scheme Completed
Harmony Gold Mining Company acquisition of MAC Copper
A$1.6bn equity value
Announced 27 May 2025 · ASX: MAC · US$12.25 cash per share · 32% premium
Advisers
MAC Copper
Target
- Financial adviser
Harmony Gold Mining Company
Acquirer
- Financial adviser
- Legal adviser
- Target
- MAC Copper
- Acquirer
- Harmony Gold Mining Company
- Structure
- Scheme of arrangement
- Completed
- 24 Oct 2025
- Sector
- Copper and base metals
In the league tables
- M&A financial advisers, Calendar 2025 Macquarie Capital #5 · Barrenjoey #11
- M&A financial advisers, completed, Calendar 2025 Macquarie Capital #6 · Barrenjoey #7
- M&A legal advisers, Calendar 2025 Ashurst Perkins Coie #1 · Gilbert + Tobin #2 · Skadden, Arps, Slate, Meagher & Flom #5 · Ogier #23 · Webber Wentzel #23
- M&A legal advisers, completed, Calendar 2025 Gilbert + Tobin #1 · Ashurst Perkins Coie #2 · Skadden, Arps, Slate, Meagher & Flom #3 · Ogier #19 · Webber Wentzel #19
Similar deals
- Luca Mining Corp. acquisition of Cozamin copper-silver-zinc-lead mine Sep 2026 · A$547m · Copper and base metals
- Sumitomo Metal Mining Co. stake in Winu copper-gold project May 2025 · A$430m · Copper and base metals
- Kinterra Critical Materials & Infrastructure Opportunities Fund II, L.P. acquisition of New World Resources Jul 2025 · A$250m · Copper and base metals
- Central Asia Metals acquisition of Cygnus Metals Jun 2026 · A$232m · Copper and base metals
- Aeris Resources acquisition of Peel Mining Feb 2026 · A$214m · Copper and base metals
Sources
- Facilitating a landmark copper acquisition within a dynamic economic landscape macquarie.com
- 27 May 2025 Binding Scheme Implementation Deed with Harmony ASX
- 30 May 2025 Harmony Gold Mining to Acquire MAC Copper Limited in USD 1.03 Billion Deal globallegalchronicle.com
- 5 Jun 2025 Ashurst advises Harmony Gold on proposed A$1.58 billion acquisition of MAC Copper ashurstperkinscoie.com
- 24 Oct 2025 Implementation of Scheme with Harmony ASX