Boddington Gold Project, Western Australia & Newmont Mining Corp | Update Date: 02/19/09 |
| Date Announced: 01/27/09 |
| Value (million $USD): 1.09 billion U.S. Dollar |
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| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 01/27/09 | | |
| Date Originally Announced | 01/27/09 | | |
| Format | Acq. Rem. Int. | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | Australian Foreign Inv. Board; South African Reserve Bank; Unspecified Regulatory Auth. |
| Value | 1.09 billion U.S. Dollar | Advisor Fees | n/a |
| SYNOPSIS |
| AUSTRALIA - Newmont Mining Corp definitively agreed to acquire the remaining 33.33% stake, which it did not already own, in Boddington Gold Project, located in Western Australia, a gold mining project, from joint venture partner AngloGold Ashanti Ltd, for $1.09 bil US. The consideration was to consist of A$990 mil in cash and $100 mil in royalties. The transaction was subject to regulatory approval. |
| TARGET |
| Name | Boddington Gold Project, Western Australia |
| Industries | n/a |
| City | Western Australia |
| State | n/a |
| Nation | Australia |
| Incorporated in | n/a |
| Public Status | Joint Venture |
| Business Description | Boddington is a gold project located in Western Australia. |
| Advisors | UBS Investment Bank |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Newmont Mining Corp (NEM) |
| Industries | Silver ores; Copper ores |
| City | Denver |
| State | CO |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | Newmont Mining Corp, located in Denver, Colorado, is a gold mining company with operations in North America, South America, Australia, Indonesia, and Ghana, with new mine projects currently being developed. The company also mines copper and silver. The company was founded in 1921. |
| Advisors | BMO Capital Markets |
| Acquiror Sales | 6.18 billion U.S. Dollar |
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