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.
