Commodities

Helping to establish one of Australia’s largest and globally relevant copper producers

Supporting a globally relevant and significant copper producer through the acquisition of a world-class long-life operation

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Sector Commodities
Sub-sector Energy
Location Australia

Opportunity

Sandfire Resources is an international and diversified sustainable mining company listed on the Australian Securities Exchange (ASX).

An opportunity arose to transform Sandfire Resources' portfolio through an ambitious acquisition that would become a landmark transaction for both Sandfire Resources, Macquarie Capital and the broader sector. 1

Approach

Macquarie Capital acted as sole financial adviser to Sandfire Resources on its $US1,865 million acquisition of the MATSA Mining Complex in Spain from Trafigura and Mubadala and joint lead manager on the associated $A1,250 million equity raising to part fund the acquisition.

Macquarie provided a comprehensive advisory and funding solution through its resources advisory and equity capital markets teams, working collaboratively with Macquarie’s Commodities and Global Markets Mining Finance team with its role as a lender in the $US650 million acquisition facility.

Outcome

This is a transformative acquisition for Sandfire and a landmark transaction for the clean energy metals sector.

With Macquarie’s help Sandfire Resources completed this acquisition and secured a significant long-life copper asset which establishes a base in the region for a multi-decade of operations, with copper becoming increasingly valuable and critical to the electrification theme driving the energy transition.

Largest

Australian outbound base metals acquisition over the last 10 years

Largest

equity raising in the ASX metals and mining sector since Rio Tinto in 2009

One of the largest

copper producers with mines in Australia and Spain and development projects in Botswana and the USA on the ASX

Creating further investment and jobs

in the Huelva Province in Spain by extending the life of MATSA

  1.  As at July 2022.

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