That CSA deal was $1.1Billion USD or $1.48 Billion AUD.
HUGE.
a 1.5% copper net smelter royalty (“NSR”) to Glencore
CSA is an established, high-grade producing copper mine that is expected to produce more than 40kt of copper in 2022 with an estimated current mine life of over 15 years. Producing copper concentrate, transported to Newcastle port then, shipped overseas to smelters.
In 2021, CSA produced 41kt of payable copper and 459koz of payable silver, with normalised C1 cash cost of US$1.72 per pound of copper.
One of Australia's deepest mines 1.75km underground, 4th highest grade globally mined, approx 11km North West of Cobar NSW
4% ex mine royalty payable to gov.
https://www.metalsacquisition.com/news/press-releases/detail/45/metals-acquisition-corp-to-acquire-the-csa-copper-mine
https://au.finance.yahoo.com/news/metals-acquisition-corp-acquire-csa-103000429.html
https://www.glencore.com.au/dam/jcr:8d43b644-9751-4320-9947-2083d5507b92/gln-3110d-csa-fact-sheet-2020-07-2pp-03-sr.pdf
Makes Nifty look ridiculously cheap.
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