U.S.-based Newmont said that the Canadian Competition Bureau issued a “no action” letter clearing its previously announced acquisition of Newcrest Mining under Canadian competition law as the miner progresses toward receiving regulatory approvals in other jurisdictions for a fourth-quarter closing. On May 14, Newmont announced a definitive agreement to acquire Newcrest for $17.4 billion. The deal creates a world-class portfolio…
Read MoreTag: gold-copper operation
Newmont proposes Newcrest US$16.9 billion takeover
In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
Read MoreSandvik wins New Gold equipment order
Sandvik will be providing a New Gold operation in British Columbia with a US$13.1 million (SEK135 million) order that is, in part, for new battery-electric mining equipment. The purchase from New Gold is for its New Afton underground gold-copper operation. New Afton, an early adopter of BEVs, trialed a Sandvik LH518 loader during more than two years in operation. The…
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