London-listed mining group ACG gears up for a worldwide copper deals spree after acquiring a Turkish copper mine, signaling a potential wave of consolidation in the mining sector.
London listed mining group ACG is gearing up for a global deals spree after snapping up a Turkish copper mine for $290m £223m today. Acquisition Company Limited ACG , a special purpose acquisition vehicle listed on the London Stock Exchange, revealed this morning it had bought Turkey-based Polimetal in the first push of a “global copper consolidation strategy”.
“The Gediktepe mine offers us an ideal foundation for further consolidation of copper assets globally as the metal enjoys a sustained increase in demand.” The deal comes amid a looming wave of consolidation in the mining sector as companies jostle for prized copper assets, a key metal in the production of electric vehicles and renewable energy.
Copper Consolidation Acquisition ACG Gediktepe Mine BHP Anglo American Electric Vehicles Renewable Energy
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