Newmont Announces PNG Competition Commission Clearance for Acquisition of Newcrest
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that Papua New Guinea’s (PNG) Independent Consumer & Competition Commission (ICCC) granted clearance for the Company to proceed with its proposed acquisition of Newcrest Mining Limited (ASX, TSX, PNGX: NCM).
- Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that Papua New Guinea’s (PNG) Independent Consumer & Competition Commission (ICCC) granted clearance for the Company to proceed with its proposed acquisition of Newcrest Mining Limited (ASX, TSX, PNGX: NCM).
- Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year.
- “We appreciate the ICCC in Papua New Guinea carefully reviewing and clearing our proposed acquisition of Newcrest,” said Tom Palmer, President and CEO of Newmont.
- Newmont and Newcrest also continue engaging with the PNG Government and regulators about other approvals and clearances for the proposed transaction.