M&A

Harmony returns to Australia with copper buy

CANADA'S Copper Mountain Mining has agreed to sell its Eva copper project in Queensland to South African miner Harmony Gold for up to US$230 million.

Steven Swindells, Kristie Batten
The Eva copper project in Cloncurry

The Eva copper project in Cloncurry

Copper Mountain will receive $170 million in cash on the closing of the transaction for the Australian assets. Two separate contingent payments of $30 million each will also be paid, based on future copper...

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