MAC Copper (MATL) Acquisition Gains Momentum with Key Regulatory Approval

MAC Copper Ltd (NYSE:MTAL) is one of the best copper stocks to buy according to hedge funds. On August 8, MAC Copper Limited announced that Harmony Gold Mining Company Limited (NYSE:HMY) received regulatory approval from South Africa’s Reserve Bank for its proposed acquisition of MAC.

MAC Copper (MATL) Acquisition Gains Momentum with Key Regulatory Approval

This marks a key milestone in the transaction, which is structured under Jersey law and aims for Harmony’s Australian subsidiary to acquire 100% of MAC Copper’s issued share capital. MAC CEO Mick McMullen called the approval “another significant step” toward completing the deal.

The acquisition still requires shareholder approval at meetings scheduled for August 29, 2025, in Jersey, with voting eligibility based on the July 29 share register. Additional conditions include clearance from Australia’s Foreign Investment Review Board, court sanctioning, and fulfillment of terms in the Streams Restructure Deed. MAC’s board unanimously recommends shareholders vote in favor of the scheme, which supports its strategy of investing in metals and mining assets aligned with global electrification and decarbonization goals.

MAC Copper Ltd (NYSE:MTAL) is focused on operating and acquiring metals and mining businesses, particularly those involved in copper and other minerals critical for the global energy transition.

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Disclosure: None. This article is originally published at Insider Monkey.