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MAC takes over at Cobar

METALS Acquisition Corp has taken ownership and full operational control of the Cornish, Scottish and Australian underground copper-silver mine near Cobar in New South Wales.

Noel Dyson
Metals Acquisition Corp has taken operational control of the CSA mine near Cobar.

Metals Acquisition Corp has taken operational control of the CSA mine near Cobar.

MAC paid Glencore US$775 million and US$100 million in shares, which gives Glencore a 20.6% stake in MAC on closing. The deal also includes a US$75 million deferred payment to be paid within 12 months,...

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