Harmony Gold has finalised the acquisition of MAC Copper, the owner of the CSA copper mine in New South Wales, Australia.
The transaction, which was announced in May 2025, was implemented today, 24 October 2025.
Harmony Gold has acquired 100 of MAC's securities for 12.25, implying an equity value of 1.01 billion roughly R18.4 billion.
This transaction has been fully funded by using cash reserves together with a US1.25 billion bridge facility. While MAC Copper owns a mine in Australia, its HQ is based in Jersey.
"Harmonyhasmore than two decades of experience in Australia and Papua New Guinea," said CEO Beyers Nel.
"The completion of this acquisition marks a significant milestone in our strategy to grow into a global gold and copper producer, reinforcing our commitment to sustainable value creation."
