Economy

Newmont-Newcrest deal cleared in Australia and Japan, expected to close in fourth quarter

Logo Kitco NEWSKitco NEWS
2023-09-18 22:22:25  • 2 mins

(Kitco News) - Newmont (NYSE: NEM) (TSX: NGT) today announced that following a review by Australias Foreign Investment Review Board (FIRB), the Treasurer has cleared the company to proceed with its proposed acquisition of Newcrest (ASX, TSX: NCM), issuing a no objection notification (NON).

According to the company, the NON is conditioned upon compliance with standard tax conditions associated with the Commonwealths taxation laws.

Newmont also reported that last week, Japans Fair Trade Commission issued a clearance letter allowing closing of the proposed transaction to proceed any time after September 30, 2023.

Continue read on kitco.com

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