MMG Limited completes share purchase agreement to acquire Cuprous Capital for US$1.88B

On March 22, 2024, MMG Limited ("MMG") completed its US$1.88 billion share purchase to acquire Cuprous Capital Limited ("Cuprous"), which owns the Khoemacau Copper Mine in Botswana. The Khoemacau Copper Mine is one of the largest African copper mines with an estimated mine life of minimum 20 years.

McCarthy Tétrault advised Cuprous with a team led by Eva Bellissimo (Mining & Metals) and Jason Gudofsky that included Kate McNeece (Competition/Antitrust & Foreign Investment), Raj Juneja (Tax), Sam Pettinato, Jesslyn Chong, Lama Kahiel (Business) and Wayne Wouters.