The Royal Court of Jersey issued orders today, 10 October 2025, sanctioning the proposed acquisition of 100 % of MAC Copper’s issued share capital by Harmony Gold (Australia) Pty Ltd, a wholly‑owned subsidiary of Harmony Gold Mining Company Limited. The court orders make the scheme legally effective immediately, completing a key regulatory step in the transaction.
The orders confirm that the scheme will be effective on 10 October 2025, with the last day of dealings in MAC shares on both the ASX and the NYSE also on that day. Trading in MAC shares will cease at the close of trading on 10 October 2025, and the scheme will become legally binding as of that date.
This court sanction is a critical milestone for Harmony, as the acquisition adds high‑grade copper exposure to its portfolio and is expected to be cash‑flow positive. The regulatory approval strengthens Harmony’s diversification strategy and positions the company for future growth in copper, aligning with its broader transformation from a gold specialist to a gold‑and‑copper producer.
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