ACG Acquisition Company aiming "to become a $10bn company within five years" | News Direct

ACG Acquisition Company aiming "to become a $10bn company within five years"

ACG Acquisition Company Ltd
News release by ACG Acquisition Company Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon London, UK | July 20, 2023 06:39 AM Eastern Daylight Time


ACG Acquisition Company Ltd (LSE:ACG) CEO Artem Volynets speaks to Thomas Warner from Proactive London after announcing a $1bn deal to buy two mines in Brazil, backed by some of the biggest names in the mining and automotive sectors.


ACG will buy the Atlantic Nickel nickel sulphide mine in Santa Rita and the Mineraçao Vale Verde (“MVV”) copper mine in Serrote as part of a deal that will see ACG rename itself as "ACG Electric Metals." The deal is being funded with contributions from Swiss mining giant Glencore, multinational automotive manufacturer Stellantis, investment company La Mancha and others.


Volynets explains the rationale behind the deal, highlighting the benefits of operation in Brazil - a country he describes as a "good jurisdiction." He also reveals more about his longer-term vision, saying that "we want to build a much larger company on the basis of the first transaction. Our vision is to build ACG Electric Metals into a $10bn company within five years through the acquisition of similar mines in similar types of geographies."




Contact Details


Proactive UK Ltd


Proactive UK Ltd


+44 20 7989 0813

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MiningMineralsNickel SulphideElectric VehiclesEVElectric MetalsSPAC