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Search resuls for: "Newcrest Mining"


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MELBOURNE, Feb 6 (Reuters) - Global gold miner Newmont Corporation (NEM.N) has made an indicative $16.9 billion takeover offer for Australia's No. 1 goldminer Newcrest Mining Ltd. (NCM.AX), Newcrest said on Monday in a deal that would leverage both miners' operations in Australia and Canada. The offer price implies a premium of about 21% to Newcrest's last closing value of A$22.450, where Newcrest shareholders will receive 0.380 Newmont shares per every Newcrest share. "The Newcrest board, together with its financial and legal advisers, is considering the indicative proposal," the Australian gold miner said. The offer follows a rejected stock bid of 0.363 Newmont share per every Newcrest share, which the Australian gold miner consider "would not deliver sufficiently compelling value to Newcrest shareholders and on that basis".
Newcrest CEO Biswas steps down, hunt for new chief underway
  + stars: | 2022-12-18 | by ( ) www.reuters.com   time to read: 1 min
MELBOURNE, Dec 19 (Reuters) - Newcrest Mining Ltd (NCM.AX) Chief Executive Sandeep Biswas will retire from his role at the helm of Australia's largest gold producer, the company said on Monday. Chief Financial Officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal and external search for a replacement is underway, Newcrest said in a filing to the exchange. Duhe comes from an energy background, having previously worked as CFO of Woodside Energy, and spent 13 years at Shell. Biswas, who will relinquish his role as a managing director as of Monday, will stay on in an advisory capacity until March 18. Our Standards: The Thomson Reuters Trust Principles.
Oct 24 (Reuters) - Australian gold miner Newcrest Mining (NCM.AX) said on Monday it was investigating a "critical incident" involving a team member from its Brucejack mine in British Columbia, Canada. The individual belongs to its mining and development contractor for the project, Procon. Newcrest said it was working closely with Procon and the relevant authorities. Newcrest did not immediately respond to a Reuters request for comment on the status of the individual involved. Newcrest acquired Brucejack, which produces gold and silver, as part of its acquisition of Pretium Resources Inc this year.
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