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Newmont Corporation, the world’s largest gold producer, said on Wednesday more than 96% of shareholder votes were cast in favor of its proposed A$26.2 billion acquisition of Australian gold miner Newcrest Mining.
Newcrest had in May backed the takeover offer from Newmont, in what would be the third-largest deal ever involving an Australian company.Newcrest last week said Newmont had received all government regulatory approvals required for the deal to go through, including from Australian Foreign Investment Review Board and competition authorities in Australia, Canada and Papua New Guinea.Liontown extends due diligence by a week for Albemarle’s $4.
Russian copper exports to China and expectations of surpluses have emboldened Chinese buyers to try and dictate how much they will pay Codelco for the industrial metal next year.A flurry of copper mining deals are being lined up for the next six to 12 months, industry sources told Reuters.
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