Original article by Anthony Klan
The Australian – Page: 21 : 26-Jun-14

Newcrest Mining has agreed to pay a penalty of $A1.2m for selectively briefing analysts in late May 2013. The Australian Securities & Investments Commission told the Federal Court that the company breached its continuous disclosure obligations by not informing the wider market as well of its downgraded gold output figures, but the analysts were not to blame. However, Geoff Breen and Michael Orphanides as well as head of research Peter Main departed Royal Bank of Canada (RBC) in mid-2013, soon after it received the inside knowledge from Newcrest. The investment bank has declined to comment

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, ROYAL BANK OF CANADA, RBC CAPITAL MARKETS, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, FEDERAL COURT OF AUSTRALIA, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, CREDIT SUISSE AG, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, COLONIAL HOLDING COMPANY LIMITED – ASX CNG, MACQUARIE BANK LIMITED – ASX MBL