South African miner Harmony Gold will pay $US1.03 billion ($1.59 billion) to acquire the Cornish, Scottish and Australian (CSA) copper mine in New South Wales, in what could be the first test of the Albanese government’s revamped Foreign Investment Review Board (FIRB) process.
Harmony’s friendly bid to acquire CSA’s owner Mac Copper is the second time the copper and silver mine near Cobar has been the subject of a billion-dollar transaction in less than two years, after Glencore sold the asset to Mac for $US1.1 billion in 2023.
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