Media Room

Newmont offers special dividend if Goldcorp deal is approved

US-based gold miner Newmont has won over the shareholders that were critical of its merger with Canada-based Goldcorp, with a promise of a $0.88c a share special dividend should the $10-billion transaction succeeds.

The special dividend will give shareholders an immediate cash benefit from the synergy potential arising from the Nevada joint venture (JV) with Barrick Gold.

New Hope completes Mitsui buy

Coal miner New Hope has completed the acquisition of joint venture partner Mitsui’s 10% interest in the Bengalla project, in New South Wales, taking its interest to 80%.

New Hope in November of last year struck a A$215-million deal with Mitsui to purchase its 10% interest in the Bengalla JV, after spending A$860-million to acquire Wesfarmer’s 40% stake in the project.