Harmony Gold Nears Transformative Copper Acquisition Amid Record Prices

South African mining company Harmony Gold Mining is on the verge of finalizing a landmark strategic acquisition. The billion-dollar takeover of MAC Copper could be formally approved as early as this week, coinciding with a period of unprecedented strength in copper markets. This pivotal move aims to significantly broaden Harmony Gold’s operational focus beyond its traditional gold mining roots.

The transaction’s fate rests with the Royal Court of Jersey, which is scheduled to deliver its final ruling on October 9, 2025. Should the court grant approval, the acquisition will become effective the following day. This would provide Harmony Gold with complete ownership of MAC Copper shares, marking a decisive step in its strategy to diversify its resource portfolio.

Crucial... Read more...