Newmont Corporation has finalized its acquisition of Newcrest Mining Limited, positioning itself as the world’s preeminent gold company with a strong side offering in copper production. The deal’s implied equity value of Newcrest stands at A$26.2 billion, including dividends, marking a notable transaction in the mining sector. The completion of this deal places Newmont at […]
Newcrest Mining said that its board of directors has voted unanimously to reject the $16.9bn takeover bid by rival gold mining major Newmont on the grounds that it doesn’t provide enough value to its shareholders. It can be recalled that in early February, Newmont came up with a proposal to acquire 100% of Newcrest Mining […]
Newcrest Mining will develop the Lihir mine Phase 14A (Lihir mine expansion project) in Papua New Guinea, following the approval of the feasibility study by the company’s board. The $280 million Phase 14A project is anticipated to provide an additional high grade ore source that will displace lower grade ore feed to the processing facility. […]
Mining acquisition news : Australian mining company Newcrest Mining has signed a deal to acquire 70% stake in the Red Chris copper gold mine and surrounding tenements in British Columbia, Canada from Imperial Metals for $806.5 million. The Red Chris copper gold mine, which is located on the northern edge of the Skeena Mountains in […]