Newmont Announces Png Competition Commission Clearance For Acquisition Of Newcrest
Acquiring Company
Newmont
Acquired Company
Newcrest Mining Limited
Denver
SydneyMiningPrecious MetalsMineralMining TechnologyMiningPrecious MetalsMineralMining TechnologyData MiningDescription
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that Papua New Guinea’s (PNG) Independent Consumer & Competition Commission (ICCC) granted clearance for the Company to proceed with its proposed acquisition of Newcrest Mining Limited (ASX, TSX, PNGX: NCM). Newmont, in consultation with Newcrest, has also determined that no premerger notification under the Hart-Scott-Rodino Act will be required in the United States for the transaction to move forward.
Quick answer
Newmont is acquiring Newcrest Mining Limited, announced August 2, 2023. Newmont is based in Denver, Colorado, United States.
- How much did Newmont pay for Newcrest Mining Limited?
- The deal value was not disclosed.
- What does Newmont do?
- Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead.
- Where are Newmont and Newcrest Mining Limited based?
- Newmont is based in Denver, Colorado, United States. Newcrest Mining Limited is based in Sydney, New South Wales, Australia.
- Who are the decision-makers at Newmont?
- Fundz holds 4 contacts at Newmont. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Mining and Precious Metals
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Newmont Announces Date Of Special Meeting Of Stockholders And Filing Of Definitive Proxy Statement For Acquisition Of Newcrest (September 8, 2023)
- Newmont Announces Canadian Competition Bureau Clearance For Acquisition Of Newcrest (July 18, 2023)
- Hudbay Completes Rockcliff Acquisition; Further Consolidates Snow Lake Operations And Adds To Prospective Land Package (September 14, 2023)
- Optimum Ventures Ltd. Announces Court Approval Of Acquisition By Blackwolf Copper And Gold Ltd. (September 11, 2023)
- Hudbay To Acquire Rockcliff To Consolidate The Snow Lake Camp (June 19, 2023)
- Western Metallica Announces Acquisition Of Copper Assets In Peru (August 10, 2023)
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Frequently asked
Who acquired Newcrest Mining Limited?
Newcrest Mining Limited was acquired by Newmont, based in Denver. The deal was reported on August 2, 2023. Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. Newmont is privately held and operates in Mining.
When did Newmont acquire Newcrest Mining Limited?
Newmont's acquisition of Newcrest Mining Limited was reported on August 2, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Newcrest Mining Limited do?
Newcrest Mining Limited is one of the world's largest gold mining companies. It has a diverse portfolio of operating mines and advanced exploration projects across Australia, Canada, and Papua New Guinea. It is privately held, operating in Mining, and is based in Sydney.
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