U.S.-based Newmont has completed the acquisition of Australian rival Newcrest Mining to create the world’s leading gold company with robust copper production. The transaction strengthens Newmont’s position as a mining leader through the combination of high-quality operations, projects and reserves concentrated in low-risk jurisdictions, including 10 Tier 1 operations to support decades of safe, profitable and responsible gold and copper…
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Newmont moves closer to finalizing Newcrest takeover
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 MoreNewmont 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 MoreEpiroc, Orica mark milestone wireless blast
Epiroc and Orica, in partnership with Agnico Eagle, have successfully commenced live blasting with Avatel – the world’s first semi-automated wireless underground development charging solution at Agnico Eagle Mines’ Kittilä mine in Finland. The milestone brings to life an industry-driven concept to dramatically improve safety at the face during the charging cycle, which is one of the highest risk activities…
Read MoreBrucejack resumes ops after fatal accident
Newcrest Mining said late last week it had resumed mining and processing at its Brucejack operation in British Columbia, Canada “pursuant to a safety-first restart plan” after an incident that later was revealed to be a fatal one at the mine. Newcrest Managing Director and CEO Sandeep Biswas said the death “is a stark reminder that safety must always be…
Read More‘Critical incident’ halts ops at Brucejack
Newcrest Mining has confirmed a “critical incident” at its Brucejack gold and silver mine in British Columbia, Canada that has prompted it to suspend operations.
Read MoreNewcrest acquisition of Pretium complete
Newcrest Mining has completed its acquisition of Pretium Resources and the Brucejack gold operation in northern British Columbia’s Golden Triangle region.
Read MoreNewcrest to acquire Pretium
High-grade gold mine Brucejack in British Columbia, Canada, will soon be under the asset portfolio of Newcrest Mining, as the Australian miner has inked an agreement to acquire the remaining interest it does not already own in Canadian miner Pretium Resources.
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