ME home
 
  SME FaceBook SME Twitter SME LinkedIn RSS Feed

Subscriber or
SME Member Log On

WEB-ONLY CONTENT

Go to SME eNEWS

MINING INDUSTRY EVENTS

AIMEX  - Exhibit
Aug 27, 2019 - Aug 29, 2019
6th Internatl Congress on Environment and Soc Resp  - Conference
Sep 4, 2019 - Sep 6, 2019
Future of Mining EMEA 2019  - Conference
Sep 4, 2019 - Sep 5, 2019
Sustainable Mining  - Conference
Sep 4, 2019 - Sep 6, 2019

METAL PRICES


Au
Ag
Pt
Pd
Ni
Cu
Al
Pb

AGGREGATES
AND MINERALS
MARKETPLACE


http://aggregatesmineralsmarketplace.com
The Mining Engineering, SME and NSSGA
Online Buyers Directory Site
The Online Global Mining and Minerals Library Site

Newmont Goldcorp and Barrick Gold clear regulatory hurdles in Nevada
April 23, 2019

Newmont Goldcorp and Barrick Gold have cleared all the regulatory conditions to combine their operations in Nevada ahead of schedule.

The U.S. Federal Trade Commission, said the companies were granted an early termination of the waiting period under the Hart-Scott-Rodino Act on April 19.

The new business, yet to be named, will be owned 38.5 percent by Newmont Goldcorp and 61.5 percent by Barrick, which will also be the operator of what the partners say it’ll be the world’s largest gold producing complex.

The business combination is expected to generate savings of $500 million a year within the first full five years. It includes Barrick’s Goldstrike, Cortez, Turquoise Ridge operations, and Goldrush and Newmont’s Carlin, Twin Creeks, Phoenix, Long Canyon mines, along with associated processing plants and infrastructure of both companies.

Excluded from the joint-venture, for now, are Barrick’s Fourmile project and Newmont’s Fiberline and Mike deposits as well as Newmont’s Cripple Creek & Victor Mine in Colorado. ?
 

Related article search: