Major news shaking up the mining world! MAC Copper shareholders have given the green light to a massive acquisition by Harmony Gold, setting the stage for a powerful new entity in critical metals. What could this mean for the future of global resource markets and the race towards electrification?

In a significant development for the global mining sector, MAC Copper Limited shareholders have overwhelmingly approved a pivotal scheme of arrangement, paving the way for its acquisition by Harmony Gold (Australia) Pty Ltd, a wholly-owned subsidiary of Harmony Gold Mining Company Limited. This strategic move marks a critical juncture for both resource companies, promising a consolidated future in the pursuit of essential metals vital for the modern economy.

The approval came after a robust voting process, where an impressive 98.43% of the votes cast by Scheme Shareholders at the Court Meeting were cast in favour of the resolution to approve the Scheme. This strong mandate underscores widespread confidence in the proposed transaction and its potential benefits for all stakeholders involved in the mining acquisition.

Further demonstrating the broad shareholder consensus, 87.50% of Scheme Shareholders present and voting at the Court Meeting, whether in person, online, or by proxy, also voted in favour of the resolution. This dual endorsement from different shareholder groups highlights the clear support for the merger under the Jersey law scheme of arrangement.

Adding to the unanimous decision, an overwhelming 97.84% of the votes cast by MAC Shareholders at the General Meeting were in favour of the General Meeting Resolutions. These resolutions not only authorised MAC’s directors to implement the Scheme but also addressed various ancillary matters and approved necessary alterations to MAC’s Articles of Association, ensuring a smooth transition.

With shareholder approval secured, MAC Copper Limited is now set to proceed with its application to the Royal Court of Jersey. The Court Sanction Hearing is officially scheduled for October 9, 2025, where the company will seek formal orders sanctioning the Scheme, a crucial legal step in finalising the resource acquisition.

Following the anticipated court sanction, MAC CDIs are expected to be suspended from quotation on the ASX. This suspension is projected to occur on October 13, 2025, prior to the opening of trading on the Australian Securities Exchange, signifying the near completion of the transaction.

Looking ahead, MAC Copper Limited has committed to releasing a separate, comprehensive announcement. This forthcoming communication will provide intricate details regarding the closing timetable for the entire transaction, ensuring transparency and keeping the market informed about the final stages of the Harmony Gold acquisition.

At its core, MAC Copper Limited has established itself as a forward-thinking resource company, strategically focused on operating and acquiring metals and mining businesses. Its emphasis on high-quality, stable jurisdictions and critical metals positions it as a key player in the global effort towards electrification and decarbonization, making this mining acquisition particularly significant for future global economy demands.