Original article by Barry FitzGerald
The Australian – Page: 19-20 : 6/19/2014

Gold mining sector leader Newcrest Mining has admitted it engaged in the selective briefing of analysts in 2013. The penalty agreed on in a compromise with the Australian Securities & Investments Commission (ASIC) and still to be ratified by the Federal Court is $A1.2m, an all-time high for such a continuous disclosure rules breach. Newcrest also faces the threat of a class action law suit launched on behalf of affected investors by Slater & Gordon. The mining group had staged its own investigation of the breach, with Prime Minister’s Business Advisory Council chair Maurice Newman clearing it. However he did not have the same powers as ASIC

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, SLATER AND GORDON LIMITED – ASX SGH, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. PRIME MINISTER’S BUSINESS ADVISORY COUNCIL, FEDERAL COURT OF AUSTRALIA, ASX LIMITED – ASX ASX, CITIBANK PTY LTD, RBC CAPITAL (AUSTRALIA) LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA