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Bumper mining M&A sparks guesses on who is next

Michael BennetWA reporter

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Metals Acquisition Corp’s acquisition of Glencore’s CSA copper mine for more than $1billion has sent investors’ minds racing about more deals in the Cobar region of NSW, as mining companies increasingly refine portfolios amid the commodities boom.

US-listed “blank cheque” company MAC – backed by leading mining identities including Mick McMullen, Nev Power and Bill Beament – agreed to pay $US1.1 billion ($1.48 billion), plus a 1.5 per cent copper net smelter royalty, for CSA last month.

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    Original URL: https://www.afr.com/companies/mining/bumper-mining-m-and-a-sparks-guesses-on-who-s-next-20220408-p5ac2t