London mining Spac plots spree in copper M&A after $300mn Turkey deal

A mining group led by a former executive at Russia’s largest aluminium company is seeking to buy copper miners and establish a leading producer of the metal, after agreeing an inaugural $300mn deal for a Turkish mine.
 
Artem Volynets, chief executive of ACG, who used to be chief of EN+ and head of strategy at Russia’s Rusal, told the Financial Times that he plans to roll up copper mines across Africa and North and South America into his London-listed special purpose acquisition company. The intention is to reach up to 300,000 tonnes of annual production by 2027, more than 1 per cent of global annual demand.
 
Read the full articles at Financial Times
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