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    SEC Form SCHEDULE 13G filed by MAC Copper Limited

    5/9/25 2:11:29 PM ET
    $MTAL
    Metal Mining
    Basic Materials
    Get the next $MTAL alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    MAC Copper Ltd

    (Name of Issuer)


    Orginary Shares

    (Title of Class of Securities)


    G60409110

    (CUSIP Number)


    03/31/2025

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox not checked   Rule 13d-1(b)
    Checkbox checked   Rule 13d-1(c)
    Checkbox not checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    G60409110


    1Names of Reporting Persons

    Fourth Sail Capital LP
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    Unknown
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    5,185,005.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    5,185,005.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    5,185,005.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.29 %
    12Type of Reporting Person (See Instructions)

    PN


    SCHEDULE 13G

    CUSIP No.
    G60409110


    1Names of Reporting Persons

    Fourth Sail Discovery LLC
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    718,515.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    718,515.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    718,515.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.87 %
    12Type of Reporting Person (See Instructions)

    OO


    SCHEDULE 13G

    CUSIP No.
    G60409110


    1Names of Reporting Persons

    Fourth Sail Long Short LLC
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    4,466,490.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    4,466,490.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,466,490.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    5.42 %
    12Type of Reporting Person (See Instructions)

    OO


    SCHEDULE 13G

    CUSIP No.
    G60409110


    1Names of Reporting Persons

    Fourth Sail Capital US LP
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    5,185,005.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    5,185,005.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    5,185,005.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.29 %
    12Type of Reporting Person (See Instructions)

    OO


    SCHEDULE 13G

    CUSIP No.
    G60409110


    1Names of Reporting Persons

    Tordesilhas Capital Gestora De Recursos Ltda
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    BRAZIL
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    0.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    5,185,005.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    5,185,005.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.29 %
    12Type of Reporting Person (See Instructions)

    OO


    SCHEDULE 13G

    CUSIP No.
    G60409110


    1Names of Reporting Persons

    Ariel Merenstein
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    5,185,005.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    5,185,005.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    5,185,005.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.29 %
    12Type of Reporting Person (See Instructions)

    IN


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    MAC Copper Ltd
    (b)Address of issuer's principal executive offices:

    3RD FLOOR 44 ESPLANADE St Helier, JERSEY JE4 9WU
    Item 2. 
    (a)Name of person filing:

    Fourth Sail Capital LP Fourth Sail Discovery LLC Fourth Sail Long Short LLC Fourth Sail Capital US LP Tordesilhas Capital Gestora De Recursos Ltda Ariel Merenstein
    (b)Address or principal business office or, if none, residence:

    Grand Pavilion Com. Centre Second floor, Suite13 West Bay Road, Grand Cayman, George Town GRAND CAYMAN, Cayman Islands KY1-1202
    (c)Citizenship:

    Fourth Sail Capital LP - UNKNOWN Fourth Sail Discovery LLC - DELAWARE Fourth Sail Long Short LLC - DELAWARE Fourth Sail Capital US LP - DELAWARE Tordesilhas Capital Gestora De Recursos Ltda - BRAZIL Ariel Merenstein - UNITED STATES
    (d)Title of class of securities:

    Orginary Shares
    (e)CUSIP No.:

    G60409110
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox not checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    The percentages set forth in this 13G are calculated based upon 82,462,034 Ordinary Shares outstanding, as reported by the Issuer.
    (b)Percent of class:

    6.29  %
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    Fourth Sail Capital LP - 0 Fourth Sail Discovery LLC - 0 Fourth Sail Long Short LLC - 0 Fourth Sail Capital US LP - 0 Tordesilhas Capital Gestora De Recursos Ltda - 0 Ariel Merenstein - 0

     (ii) Shared power to vote or to direct the vote:

    Fourth Sail Capital LP - 5,185,005 Fourth Sail Discovery LLC - 718,515 Fourth Sail Long Short LLC - 4,466,490 Fourth Sail Capital US LP - 5,185,005 Tordesilhas Capital Gestora De Recursos Ltda - 0 Ariel Merenstein - 5,185,005

     (iii) Sole power to dispose or to direct the disposition of:

    Fourth Sail Capital LP - 0 Fourth Sail Discovery LLC - 0 Fourth Sail Long Short LLC - 0 Fourth Sail Capital US LP - 0 Tordesilhas Capital Gestora De Recursos Ltda - 0 Ariel Merenstein - 0

     (iv) Shared power to dispose or to direct the disposition of:

    Fourth Sail Capital LP - 5,185,005 Fourth Sail Discovery LLC - 718,515 Fourth Sail Long Short LLC - 4,466,490 Fourth Sail Capital US LP - 5,185,005 Tordesilhas Capital Gestora De Recursos Ltda - 5,185,005 Ariel Merenstein - 5,185,005

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Checkbox checked    Ownership of 5 percent or less of a class
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 8.Identification and Classification of Members of the Group.
     
    Not Applicable
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    Fourth Sail Capital LP
     
    Signature:Thiago Doria
    Name/Title:Authorized Person
    Date:05/07/2025
     
    Fourth Sail Discovery LLC
     
    Signature:Thiago Doria
    Name/Title:Authorized Person
    Date:05/08/2025
     
    Fourth Sail Long Short LLC
     
    Signature:Thiago Doria
    Name/Title:Authorized Person
    Date:05/07/2025
     
    Fourth Sail Capital US LP
     
    Signature:Thiago Doria
    Name/Title:Authorized Person
    Date:05/07/2025
     
    Tordesilhas Capital Gestora De Recursos Ltda
     
    Signature:Tahiana Azevedo
    Name/Title:Authorized Person
    Date:05/07/2025
     
    Ariel Merenstein
     
    Signature:Thiago Doria
    Name/Title:Attorney in fact
    Date:05/07/2025
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