Newmont remains on track to close its pending $26.2 billion acquisition of Newcrest, which is expected to close on November 6, according to its September quarterly report.
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Newmont’s $26.2 billion acquisition of Newcrest has become legally effective under Australian law, following the lodgement of orders from the Federal Court of Australia with the Australian Securities and Investments Commission (ASIC).
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Newmont and Newcrest Mining have announced the companies’ shareholders have voted in favour of Newmont’s $26.2 billion acquisition of Newcrest.
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The Securities Commission of Papua New Guinea (SCPNG) has granted necessary exemptions and requested confirmations under PNG capital markets law to allow Newmont to proceed with its $26.2 billion acquisition of Newcrest.
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Newcrest and Epiroc have signed a memorandum of understanding for a new strategic partnership aiming to take a holistic approach toward the entire mining process at Newcrest’s mines.
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Independent firms Institutional Shareholder Services and Glass Lewis have recommended for Newmont shareholders to vote ‘for’ its proposed acquisition of Newcrest.
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Following a review by Australia’s Foreign Investment Review Board (FIRB), the Treasurer has cleared Newmont to proceed with its $26.2 billion acquisition of Newcrest.
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Newcrest Mining has apologised to residents living near its Cadia Valley Operations for the potential health concerns caused by dust coming from the site.
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Newcrest has reaffirmed its commitment to rebuilding trust and confidence with the community and the New South Wales Environment Protection Authority (NSW EPA) in relation to its Cadia Valley Operations’ air quality.
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