Metals Acquisition Limited Closes Purchase of the CSA Copper Mine

NodeGuardian · 2026-03-04T15:15:03+00:00

Metals Acquisition Limited has acquired Glencore's 100% stake in Cobar Management, owner of the CSA copper mine, for $1.1 billion, including $775 million in cash and $100 million in shares. MAC's shares now trade on NYSE as MTAL.

NodeGuardian

2026-03-04 15:15:03

Abstract generation in progress

Metals Acquisition Limited (MAC) has completed the acquisition of Glencore’s 100% interest in Cobar Management Pty Ltd., owner of the CSA copper mine in Australia. The deal, valued at $1.1 billion at its announcement in March 2022, involved a payment of $775 million in cash and $100 million in MAC ordinary shares to Glencore. MAC’s shares and warrants are now trading on the NYSE under the ticker symbols MTAL and MTAL.W.

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