MINING CORPORATIONS – NORTH AMERICA

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

Bid on Newmont frees Kalgoorlie sale

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Original article by Jacob Greber
The Australian Financial Review – Page: 10 : 27-Feb-19

Kerry Smith of Haywood Securities says the super pit gold mine in Western Australia is among the assets that could be sold if Barrick Gold’s takeover bid for Newmont Mining Corporation succeeds. Analysts have suggested that Newcrest Mining could be among the potential buyers of the super pit, and media reports in Canada have claimed that Barrick has recently held talks with Newcrest regarding asset sales in Australia.

CORPORATES
BARRICK GOLD CORPORATION, NEWMONT MINING CORPORATION, NEWCREST MINING LIMITED – ASX NCM, HAYWOOD SECURITIES, JP MORGAN AND COMPANY INCORPORATED, RANDGOLD RESOURCES LIMITED, GOLDCORP INCORPORATED, RENAISSANCE MACRO

Tax hike widens split over Kalgoorlie Super-Pit value

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Original article by Danielle Bochove
The Australian Financial Review – Page: 18 : 27-Sep-17

Newmont Mining CEO Gary Goldberg has warned that an increase in Western Australia’s gold royalty would reduce the value of the Super Pit gold mine. Lack of consensus over the valuation of the mine has stalled negotiations for Newmont to buy Barrick Gold’s 50 per cent stake in the mine. Barrick president Kelvin Dushnisky says his company is willing to sell its stake at the right price. Newmont estimates that the royalty increase could increase its operating costs by about $US15m a year.

CORPORATES
NEWMONT MINING CORPORATION, BARRICK GOLD CORPORATION, NEWCREST MINING LIMITED – ASX NCM, GOLD FIELDS LIMITED, SHANDONG TYAN HOME COMPANY LIMITED, DENVER GOLD FORUM