Latest news with #MACCopper
Yahoo
13-08-2025
- Business
- Yahoo
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. 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. While we acknowledge the potential of MTAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best EV Penny Stocks to Buy According to Hedge Funds and 10 Best Performing Crypto Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-08-2025
- Business
- Yahoo
MAC Copper Limited Announces Dispatch of Scheme Circular
ST. HELIER, Jersey, August 05, 2025--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (NYSE:MTAL, ASX:MAC) ("MAC" or the "Company") is pleased to announce that it has completed dispatch of the Scheme Circular which, among other things, contains full details of the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) ("Harmony") by way of a Jersey law scheme of arrangement pursuant to Article 125 of the Companies (Jersey) Law 1991 (as amended) ("Scheme"). Capitalised terms used in this announcement have the meaning given to them in the Scheme Circular, a copy of which is attached to MAC's announcement released on 31 July 2025. Details regarding dispatch The Scheme Circular has been dispatched to MAC Shareholders and MAC CDI Holders at the Scheme Voting Record Time as follows: MAC Shareholders have been mailed a hard copy of the Scheme Circular and Proxy Forms unless they have made an election to receive communications through electronic means, in which case they have been sent an electronic copy; MAC CDI Holders have been mailed a hard copy of the Scheme Circular and CDI Voting Instruction Forms unless they have made an election to receive communications through electronic means, in which case they have been sent an electronic copy; and other beneficial holders will receive a hard copy of the Scheme Circular and any other voting instruction forms by mail or an electronic copy based on the elections made with the Intermediary that holds MAC Shares on their behalf. A copy of the Scheme Circular is also available for viewing on MAC's website at MAC Securityholders should read the Scheme Circular carefully, and in its entirety, including the materials accompanying it, before deciding how to vote at the Court Meeting and the General Meeting. If, after reading the Scheme Circular, you have any questions about the Scheme or the Scheme Circular, please contact MAC's proxy solicitation firm, Sodali & Co, at: If you are a MAC Shareholder Call toll-free in US:+1 (800) 662-5200Outside of US:+1 (203) 658-9400 If you are a MAC CDI Holder Within Australia:1300 229 418Outside Australia:+61 2 9066 4059 Directors' recommendation The MAC Directors continue to unanimously recommend that Scheme Shareholders vote in favour of the Scheme at the Court Meeting and MAC Shareholders vote in favour of the General Meeting Resolution at the General Meeting in the absence of a Superior Proposal. Court Meeting and General Meeting The Court Meeting and General Meeting will be held at 44 Esplanade, St Helier, Jersey JE4 PWG and online via the Virtual Meeting Platform at 12:30 pm (Jersey time) / 7:30 am (New York time) / 9:30 pm (Sydney time) on Friday, 29 August 2025 (for the Court Meeting) and at 1:00 pm (Jersey time) / 8:00 am (New York time) / 10:00 pm (Sydney time) on Friday, 29 August 2025 (for the General Meeting) (or as soon thereafter as the Court Meeting has concluded or been adjourned). Each MAC Shareholder whose name appears on the Share Register at 4:00 pm (New York time) on Tuesday, 29 July 2025 will be entitled to attend and vote on all resolutions to be put to the Court Meeting and the General Meeting. Indicative timetable An indicative timetable for the next steps of the Transaction is as follows: Event Date and Time (Jersey time)1 Scheme Voting Record Time for Court Meeting and General Meeting2 4:00 pm (New York time) on Tuesday, 29 July for Scheme Shareholders and MAC Shareholders (as applicable)7:00 pm (Sydney time) on Tuesday, 29 July for MAC CDI Holders Dispatch of Scheme Circular Monday, 4 August 2025 Latest time for lodging CDI Voting Instruction Forms for Court Meeting and General Meeting 12:30 pm (Jersey time) / 7:30 am (New York time) / 9:30 pm (Sydney time) on Tuesday, 26 August 2025 Latest time for lodging Proxy Forms for Court Meeting and General Meeting 12:30 pm (Jersey time) / 7:30 am (New York time) / 9:30 pm (Sydney time) on Wednesday, 27 August 2025 Court Meeting 12:30 pm (Jersey time) / 7:30 am (New York time) / 9:30 pm (Sydney time) on Friday, 29 August 2025 General Meeting 1:00 pm (Jersey time) / 8:00 am (New York time) / 10:00 pm (Sydney time) on Friday, 29 August 2025 (or as soon thereafter as the Court Meeting has concluded or been adjourned) Court Sanction Hearing3 Thursday, 9 October 2025 Implementation Date3 Friday, 24 October 2025 Notes: All dates and times are based on MAC and Harmony's current expectations and are subject to change. If any of the dates and/or times in this expected timetable change materially, the revised dates and/or times will be published by a public announcement filed with, or furnished to, the SEC and released to the ASX and by making such announcement available on MAC's website at Individuals that become MAC Shareholders (or MAC CDI Holders) after this date will not be entitled to vote (or in the case of MAC CDI Holders, will not be entitled to instruct CHESS Depositary Nominees Pty Limited how to vote) at the Court Meeting and General Meeting. Provisional date which remains subject to change depending on a number of factors including, but not limited to, the timing for the satisfaction or (where applicable) waiver of the Conditions. This announcement has been authorised for release by Mick McMullen, CEO and Director. About MAC Copper Limited MAC Copper Limited (NYSE:MTAL; ASX:MAC) is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy. View source version on Contacts Mick McMullenChief Executive Officer & DirectorMAC Copper Limitedinvestors@ Morné EngelbrechtChief Financial OfficerMAC Copper Limited Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
MAC Copper Limited Provides Notice of Release of Second Quarter 2025 Results and Conference Call Details
ST. HELIER, Jersey, July 14, 2025--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited ("MAC" or the "Company") will release its second quarter 2025 results on Wednesday, July 23, 2025 after market close (New York time) / Thursday, July 24, 2025 before market open (Sydney time). Conference Call The Company will host a conference call and webcast to discuss the Company's second quarter 2025 results on Wednesday, July 23, 2025 at 7:00 pm (New York time) / Thursday, July 24, 2025 at 9:00 am (Sydney time). Details for the conference call and webcast are included below. Webcast Participants can access the webcast at the following link Conference Call Participants can register for the call at After registering you will receive a confirmation email containing information about joining the conference call and webcast. Replay A replay of the webcast will be available via the webcast link above or by visiting the Events section of the Company's website. About MAC Copper Limited MAC Copper Limited (NYSE:MTAL; ASX:MAC) is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy. View source version on Contacts Mick McMullenChief Executive Officer & DirectorMAC Copper Limitedinvestors@ Morné EngelbrechtChief Financial OfficerMAC Copper Limited
Globe and Mail
14-07-2025
- Business
- Globe and Mail
MAC Copper Limited Provides Notice of Release of Second Quarter 2025 Results and Conference Call Details
MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (' MAC ' or the ' Company ') will release its second quarter 2025 results on Wednesday, July 23, 2025 after market close (New York time) / Thursday, July 24, 2025 before market open (Sydney time). Conference Call The Company will host a conference call and webcast to discuss the Company's second quarter 2025 results on Wednesday, July 23, 2025 at 7:00 pm (New York time) / Thursday, July 24, 2025 at 9:00 am (Sydney time). Details for the conference call and webcast are included below. Webcast Participants can access the webcast at the following link Conference Call Participants can register for the call at After registering you will receive a confirmation email containing information about joining the conference call and webcast. Replay A replay of the webcast will be available via the webcast link above or by visiting the Events section of the Company's website. MAC Copper Limited (NYSE:MTAL; ASX:MAC) is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy.
AU Financial Review
10-07-2025
- Business
- AU Financial Review
Copper is soaring. So why is this Australian mine going cheap?
Soaring copper prices have pushed up the valuation of good mines, and appetite for the metal has led to big takeover proposals. Yet one mine stands out as an exception and a chorus of investors and analysts seems to agree it is being taken over on the cheap. Barely a year after MAC Copper, the owner of the CSA Cobar copper mine in NSW, debuted on the Australian Securities Exchange, management agreed to a $US1.03 billion ($1.59 billion) acquisition by South African gold miner Harmony Gold in May.
