Ashurst advises Harmony Gold on proposed A$1.58 billion acquisition of MAC Copper

Global law firm Ashurst has advised Harmony Gold (Australia) Pty Ltd, a wholly owned subsidiary of Harmony Gold Mining Company Limited, on the proposed acquisition of MAC Copper Limited (NYSE: MTAL, ASX: MAC) by way of a Jersey law scheme of arrangement for cash consideration, valuing MAC at approximately A$1.58 billion on a fully diluted basis. Ashurst advised on all aspects of the transaction for Harmony Gold, drawing on its cross-border expertise from its Australian, UK and New York offices and working with South African and Jersey counsel.

Lead partners Ratha Nabanidham and Andrew Kim, cross-border M&A experts based in Brisbane and Sydney respectively, said:

"We are delighted to have acted for Harmony Gold on this strategically important transaction, allowing us to bring the best of our cross-border M&A capability for Harmony Gold".

The Ashurst team was led by partners Ratha Nabanidham and Andrew Kim, who were assisted by: counsel Annabel Doneley and associate Chemonica Niranjan (Corporate Transactions); partners Stuart Rubin and Harry Thimont and senior counsel Jeffrey Johnson (Corporate Transactions, London); partner Gaelan Cooney (Projects & Energy Transition); partners Tony Denholder and Guy Dwyer (Planning, Access and Environment); partner Alyssa Phillips (Competition); and partner Tim Rennie (Global Loans, London).