Newmont confirms proposal to combine with newcrest

Denver--( business wire )--newmont corporation (nyse: nem, tsx: ngt) today confirmed it has submitted a non-binding proposal to acquire 100% of the issued share capital of newcrest mining limited (newcrest) by way of a scheme of arrangement. the proposed transaction would combine two of the sector's top senior gold producers, and set the standard for sustainable and responsible gold mining.
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