Advising on the acquisition of one of the highest quality new copper mines

Copper plays an essential role in the energy transition as it is required to support the increase in electrification necessary to transition away from fossil fuels.1

Renewable technologies such as electric vehicles (EVs), solar PV, wind turbines and battery storage all require copper. As demand increases, additional high-quality sources are needed to avoid upward pressure on production costs and emissions.1

Khoemacau is a large, long-life copper mine located in north-west Botswana, in the emerging Kalahari Copper Belt, and is one of the highest-quality new copper mines globally.2 The mine currently produces 50 to 65 kt of copper equivalent per annum and has the potential to produce approximately 145 kt equivalent following development of the brownfield expansion of the project.  

MMG is a base metals producer listed on the Hong Kong Stock Exchange and headquartered in Melbourne, Australia, and Beijing, China. MMG’s vision is to create a leading international mining company for a low-carbon future.3