No Confirmation on Harmony Gold's $1 Billion Mac Copper Acquisition

Published 1 days agoHMY

No Confirmation on Harmony Gold's $1 Billion Mac Copper Acquisition

As of May 27, 2025, there is no publicly available information to confirm South Africa's Harmony Gold is acquiring Mac Copper of Australia for $1 billion. Harmony Gold's most recent acquisition was the Eva Copper project in Queensland, Australia. This deal, completed in December 2022, involved a structured payment of $230 million, as reported by Mining Weekly.

The Eva Copper project is located in Queensland's North West Minerals Province and is expected to boost Harmony's reserves with 1.72 billion pounds of copper and 260,000 ounces of gold. The project plans to operate as a conventional open-pit mine, targeting an annual production of more than 100 million pounds of copper and 14,000 ounces of gold over a projected 15-year life span, according to Mining Weekly.

Currently, there is no publicly available information regarding a company named Mac Copper or any related acquisition by Harmony Gold. This suggests either a misunderstanding or miscommunication regarding the potential deal's details or existence.

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