JOINT VENTURES – UNITED STATES

Newcrest focus turns to Canada

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Original article by Paul Garvey
The Australian – Page: 22 : 13-Mar-19

Barrick Gold will not proceed with a takeover bid for Newmont Mining Corporation. The two groups will instead combine their gold mines in Nevada via a joint venture arrangement. Newcrest Mining had been touted as a likely bidder for Newmont’s Australian assets if the merger had proceeded. Meanwhile, Rahul Anand of Morgan Stanley says Newcrest’s expertise in block cave mining makes the Red Chris gold mine in Canada a ‘natural fit’ for the company. Newcrest CEO Sandeep Biswas has indicated that the Red Chris deal does not preclude further acquisitions.

CORPORATES
BARRICK GOLD CORPORATION, NEWMONT MINING CORPORATION, NEWCREST MINING LIMITED – ASX NCM, MORGAN STANLEY AUSTRALIA LIMITED, CITIGROUP PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, HARMONY GOLD MINING COMPANY LIMITED, LUNDIN MINING CORPORATION

Demerging Alcoa slams ‘opportunistic’ Alumina

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Original article by Barry FitzGerald
The Australian – Page: 22 : 10-Jun-16

Alcoa’s vice-president of investor relations, Matt Garth, has criticised Alumina over its attempt to use the US group’s proposed demerger to renegotiate the Alcoa World Alumina & Chemicals joint venture. Garth told investors and analysts in Sydney that Alumina is being "emotional and opportunistic", and rejected the Australian-listed company’s claim that it must agree to the Alcoa demerger under the terms of the AWAC agreement. He added that Alcoa is confident that a court will rule in its favour.

CORPORATES
ALUMINA LIMITED – ASX AWC, ALCOA INCORPORATED, ALCOA WORLDWIDE ALUMINA AND CHEMICALS, MORGAN STANLEY AUSTRALIA LIMITED, ALLAN GRAY AUSTRALIA PTY LTD

Aussie miner accused of menacing US giant Alcoa on demerger plan

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Original article by John Kehoe
The Australian Financial Review – Page: 8 : 30-May-16

US aluminium giant Alcoa has launched legal action against Australian-listed Alumina, its partner in the Alcoa World Alumina & Chemicals joint venture. The dispute centres on Alcoa’s proposal to demerge its upstream and downstream assets. The former will hold Alcoa’s 60 per cent stake in AWAC if the deal proceeds. Alcoa’s lawsuit alleges that the joint venture agreement does give Alumina the right to block the demerger.

CORPORATES
ALUMINA LIMITED – ASX AWC, ALCOA INCORPORATED, ALCOA WORLDWIDE ALUMINA AND CHEMICALS