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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
Status: Pending
TRANSACTION DETAILS
Date Announced01/27/09
Date Originally Announced01/27/09
FormatAcq. Rem. Int.Acquisition techniquesNot Applicable
AttitudeFriendlyAgencyAustralian Foreign Inv. Board; South African Reserve Bank; Unspecified Regulatory Auth.
Value1.09 billion U.S. DollarAdvisor Feesn/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
NameBoddington Gold Project, Western Australia
Industriesn/a
CityWestern Australia
Staten/a
NationAustralia
Incorporated inn/a
Public StatusJoint Venture
Business DescriptionBoddington is a gold project located in Western Australia.
AdvisorsUBS Investment Bank
Target Salesn/a
ACQUIROR
NameNewmont Mining Corp (NEM)
IndustriesSilver ores; Copper ores
CityDenver
StateCO
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionNewmont 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.
AdvisorsBMO Capital Markets
Acquiror Sales6.18 billion U.S. Dollar
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