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BUSINESS
October 10, 2007 | From the Associated Press
denver -- Newmont Mining Corp. is reaching into the Arctic Circle for its next project, agreeing Tuesday to pay $1.53 billion for Miramar Mining Corp., which controls one of the largest undeveloped gold properties in North America. Newmont, one of the world's largest gold producers, said the acquisition would pave the way for the creation of a mining district in the remote region of Canada's Nunavut territory. Newmont, which already owns a 9.
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WORLD
April 24, 2007 | From Times Wire Reports
An Indonesian court today acquitted a U.S. executive and his company, Newmont Mining Corp., of dumping dangerous levels of toxins into a bay and sickening villagers. Richard Ness, 57, could have faced 10 years in jail and a $60,000 fine. The court said the waste rock from the now-defunct mine on Sulawesi island did not exceed government standards and there was "not enough evidence that people suffered from health problems."
BUSINESS
December 6, 1988 | Reuters
Newmont Mining Corp. said it has sold its remaining holdings in its Magma Copper Co. subsidiary back to the company for $190 million in cash. The sale of the 15% stake completes the initial phase of Newmont's restructuring plan, which it announced in October, 1987, the company said. Newmont said it will receive a $12-million tax refund because the sale will create a tax loss. Proceeds of the sale will be used to reduce Newmont's debt, the company said.
BUSINESS
November 15, 2001 | Reuters
Newmont Mining Corp. unleashed a one-two punch of acquisition deals that will make it the world's biggest gold miner. Denver-based Newmont said it is offering to buy Canada's Franco-Nevada Mining Corp. and Australia's Normandy Mining Ltd. in deals worth a total $4.42 billion in cash and stock. Once the acquisitions are complete, Newmont will have a market capitalization of about $9.1 billion. Newmont offered to buy Australia's Normandy Mining for 0.
BUSINESS
October 10, 2007 | From the Associated Press
denver -- Newmont Mining Corp. is reaching into the Arctic Circle for its next project, agreeing Tuesday to pay $1.53 billion for Miramar Mining Corp., which controls one of the largest undeveloped gold properties in North America. Newmont, one of the world's largest gold producers, said the acquisition would pave the way for the creation of a mining district in the remote region of Canada's Nunavut territory. Newmont, which already owns a 9.
BUSINESS
October 17, 1990 | From Associated Press
The British conglomerate Hanson PLC said Tuesday it had agreed to swap its 49% stake in Newmont Mining Corp. for control of a major U.S. timber company. Hanson said it agreed to buy General Oriental Securities Ltd. and Hornwood Barbados Ltd. of the United States for $1.3 billion in cash and notes. Together, the two companies own 99.5% of Cavenham Forest Industries. Darien, Conn.-based Cavenham owns or controls about 1.7 million acres of U.S. timberland in the West and South.
BUSINESS
January 17, 2006 | From Associated Press
From offices in a downtown skyscraper overlooking the snowcapped Rockies, Newmont Mining Corp. is intensifying a global hunt for the next mother lode of gold. Spurred by rising prices, Newmont opened one gold mine in Nevada in December and plans to open two more -- another in Nevada and one in Ghana -- this year. Another in Ghana is on tap for 2007. Other corporate prospectors are taking similar steps, dusting off back-burner projects and pouring more money into exploration around the world.
WORLD
December 23, 2004 | From Times Wire Reports
A U.S. mining company has admitted that it released tons of mercury into the air and water over a period of years at one of its Indonesian gold mines but denied that the releases had any health effects for people. Indonesian police have accused Newmont Mining Corp.'s local subsidiary, Newmont Minahasa Raya, of dumping heavy metals into Buyat Bay, causing residents to develop skin diseases and tumors.
NATIONAL
March 30, 2003 | From Times Wire Reports
More than 500 employees staged a two-day work stoppage at Newmont Mining Corp.'s Carlin Trend mines over the company's latest contract offer, union officials said. The workers picketed the world's largest gold mining company during the stoppage Thursday and Friday, but mining continued. The employees' contract expired Sept. 30. "We are still far apart," said Frank Herrera, treasurer of Operating Engineers Union Local No. 3.
BUSINESS
January 4, 2002 | Bloomberg News
Newmont Mining Corp. raised its offer for Normandy Mining Ltd. to $2.8 billion and won management's support, trumping AngloGold Ltd. in a seven-week bidding contest for Australia's top gold producer. Denver-based Newmont's promise to add 10 Australian cents to the cash and stock bid now worth $1 a share also won the backing of Normandy's biggest shareholder, Franco-Nevada Mining Corp. AngloGold said it won't raise its offer. Newmont's offer is now 14% higher than its first bid Nov.
BUSINESS
November 15, 2001 | Reuters
Newmont Mining Corp. unleashed a one-two punch of acquisition deals that will make it the world's biggest gold miner. Denver-based Newmont said it is offering to buy Canada's Franco-Nevada Mining Corp. and Australia's Normandy Mining Ltd. in deals worth a total $4.42 billion in cash and stock. Once the acquisitions are complete, Newmont will have a market capitalization of about $9.1 billion. Newmont offered to buy Australia's Normandy Mining for 0.
BUSINESS
April 24, 1998 | Times Staff and Wire Reports
A labor dispute with Indonesian contract workers employed by a Fluor Corp. subsidiary has been resolved after slowing down work for several days at the $2-billion Batu Hijau copper and gold mine in Indonesia, mine operator Newmont Mining Co. said Thursday. Denver-based Newmont said that the dispute, which resulted in minor property damage, began Friday when local workers confronted general contractor Fluor Daniel over wage policies.
BUSINESS
March 11, 1997 | Times Staff and Wire Reports
Huffy Corp. said it agreed to sell its Gerry Baby Products Co. unit to Evenflo Co. for $73 million in cash to focus on bicycles, sporting goods and lawn and garden products. . . . Bausch & Lomb Inc. agreed to buy the Killer Loop-brand eye-wear business from Italy's Benetton family for undisclosed terms. . . . Newmont Mining Corp. reached a $2.5-billion agreement to buy Santa Fe Pacific Gold Corp. and become North America's biggest gold producer.
BUSINESS
March 11, 1997 | Times Staff and Wire Reports
Huffy Corp. said it agreed to sell its Gerry Baby Products Co. unit to Evenflo Co. for $73 million in cash to focus on bicycles, sporting goods and lawn and garden products. . . . Bausch & Lomb Inc. agreed to buy the Killer Loop-brand eye-wear business from Italy's Benetton family for undisclosed terms. . . . Newmont Mining Corp. reached a $2.5-billion agreement to buy Santa Fe Pacific Gold Corp. and become North America's biggest gold producer.
BUSINESS
March 11, 1997 | From Associated Press
Three months after launching a hostile bid for Santa Fe Pacific Gold Corp., Newmont Mining Corp. on Monday had a $2.5-billion deal to buy the company and become North America's biggest gold producer. The deal carries a somewhat higher price than Newmont's most recent offer, and it breaks up an agreement for a friendly merger between Santa Fe and San Francisco-based Homestake Mining Co. Santa Fe will become a unit of Newmont once the deal is completed.
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