Market Overview

Newmont Signs LoI to Sell Midas Operation in Nevada, Terms Not Disclosed

Related NEM
What's in the Name: More Than Meets the Eye at DNA Precious Metals
Markets Sell-Off After Malaysian Airline Crash In Ukraine
M&A Activity Boosts U.S. Stock Futures (Fox Business)

Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) today announced the signing of a Letter of Intent (“LOI”) to sell Newmont's Midas operation in Nevada to Waterton Global Resource Management, Inc. (“Waterton”). The proposed transaction is subject to customary closing conditions, including execution and delivery of an acquisition agreement, completion of confirmatory due diligence and receipt of all required regulatory and third party approvals.

The parties have agreed that the LOI will terminate on October 14, 2013, unless extended by mutual agreement of both parties, or earlier superseded by the acquisition agreement. There can be no assurance that the proposed transaction will be completed.

Posted-In: News Asset Sales

 

Most Popular

Related Articles (NEM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters