Newmont to Sell Akyem Gold Operation in Ghana
Newmont Announces Divestment of Akyem in Ghana for up to $1B
The transaction's proceeds will support NEM's capital allocation priorities, which include improving the balance sheet and returning capital to shareholders.
Newmont to sell Akyem operation to Zijin Mining for $1bn
Newmont Corporation has announced that it will sell its Akyem operations to Zijin Mining Group Co., Ltd. under a definitive agreement for cash consideration of up to $1 billion. The sale is part of Newmont's ongoing program to divest non-core assets as the Company makes a strategic shift to focus on its Tier 1 assets.
Newmont to Sell Ghana Gold Mine Project for $1.0 Billion
Newmont has agreed to sell a gold mine in Ghana to a Chinese miner for $1.0 billion, the latest divestiture by the world’s biggest gold miner as it turns its focus to copper.
China’s Zijin Buys Ghana Gold Mine From Newmont for $1 Billion
Zijin Mining Group Co. has bought the Akyem gold project in Ghana for as much as $1 billion in cash as the state-owned firm looks to add resources to meet its aggressive output targets.
China’s Zijin Mining to buy Newmont’s Ghana gold project for US$1 billion
CHINA’S Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from US-based Newmont for US$1 billion, the companies said on Wednesday (Oct 9). Read more at The Business Times.
Newmont To Sell Akyem Operation In Ghana To Zijin Mining For Up To $1 Bln
Newmont Corp. (NEM, NGT.TO, NEM.AX) announced it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co.,
Newmont to Sell Akyem Gold Operation in Ghana for Up to $1 Billion
Newmont (NEM) said late Tuesday it agreed to offload its Akyem gold operation in Ghana to China's Zijin Mining Group for up to $1 billion in cash, as part of the company's ongoing efforts to divest its non-core assets.
Colorado company strikes $1 billion gold deal with Chinese buyer
The Denver-based company, which is the largest raw gold producer in the world, on Wednesday revealed a deal to sell its Akyem ...
Newmont Strikes ~$1B Deal For Akyem Sale, Focus Sharpens on Tier 1 Assets
On Tuesday, Newmont Corporation (NYSE:NEM) disclosed the sale of its Akyem operation in Ghana to Zijin Mining Group for up to ...
Chinese group to purchase mine project from U.S.-based Newmont
China’s Zijin Mining Group announced Wednesday that it will purchase the Akyem Gold Mine Project in Ghana from Newmont Corp. ...
MyJoyOnline1d
Another golden opportunity lost – Newmont’s Akyem Mine sale and broken presidential promises
While Newmont has every right to sell to the highest bidder, the involvement of a foreign buyer has raised significant ...
Buy Rating Affirmed for Newmont Mining Following Strategic Asset Sale and Strong Capital Allocation
In a report released today, Lawson Winder from Bank of America Securities reiterated a Buy rating on Newmont Mining (NEM – Research ...
IMANI Africa questions controversial sale of Newmont Akyem mine to Chinese company
A policy think-tank, IMANI Africa, has questioned the sale of Newmont’s Akyem Mine to Chinese investors. According to the think-tank, the mine’s contribution to the country economy is too huge to be ...
Ghana Unions Cancel Strike Over Illegal Gold Mining After Talks
Ghanaian unions have called off a strike after the government promised to take measures to clean up Africa’s biggest gold ...