Add-on Acquisition • Metals/Mining

MMG Acquires Khoemacau copper mining

On November 21, 2023, MMG acquired metals/mining company Khoemacau copper mining from Global Natural Resource Investments for 1.9B USD

Acquisition Context
  • This is MMG’s 1st transaction in the Metals/Mining sector.
  • This is MMG’s largest (disclosed) transaction.
  • This is MMG’s 1st transaction in Botswana.

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M&A Deal Summary

Date November 21, 2023
Target Khoemacau copper mining
Sector Metals/Mining
Buyer(s) MMG
Sellers(s) Global Natural Resource Investments
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target Company

Khoemacau copper mining

Gaborone, Botswana
Khoemacau Copper Mining is an on-ground operating company managing exploration, development, and production. Khoemacau copper mining was founded in 2010 and is based in Gaborone, Botswana.
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Buyer Overview 1

Buyer

MMG

Southbank, Australia

Category Company
Founded 1988
Sector Metals/Mining
Employees5,220
Revenue 4.5B USD (2024)
DESCRIPTION

MMG is a global resources company which explores, develops and mines base metal deposits around the world. MMG was founded in 1988 and is based in Southbank, Victoria.


Deal Context for Buyer #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Botswana 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Global Natural Resource Investments

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Global Natural Resource Investments was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power. The Group has additional offices in Dubai, and Doha.


Deal Context for Seller #
Overall 11 of 11
Sector: Metals/Mining 2 of 2
Type: Add-on Acquisition 7 of 7
Country: Botswana 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-09 Mainstream Renewable Power

Dublin, Ireland

Mainstream Renewable Power is a wind development business. Mainstream has partnered with Siemens Power Ventures on the 4GW Hornsea wind farm development offshore UK. Mainstream Renewable Power was founded in 2008 and is based in Dublin, Ireland.

Sell -