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
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.
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.
Australian outbound base metals acquisition over the last 10 years
equity raising in the ASX metals and mining sector since Rio Tinto in 2009
copper producers with mines in Australia and Spain and development projects in Botswana and the USA on the ASX
in the Huelva Province in Spain by extending the life of MATSA