Newmont Completes Acquistion of Additional Interest in Western Australia's Boddington Project
03/20/2006
DENVER, Feb. 13—Newmont Mining Corporation (NYSE:NEM) announced that it has entered into an agreement to acquire Newcrest Mining Limited's 22.22% interest in the Boddington Project in Western Australia. Consideration for the purchase is Australian $225 million. When the transaction closes, Newmont's interest in Boddington will increase to two-thirds. Closing of the transaction is subject to Australian Foreign Investment Review Board and Western Australia Ministry of Mines approval.Investor Contacts:
Randy Engel
Telephone: 303.837.6033
Email: randy.engel@newmont.com
John Gaensbauer
Telephone: 303.837.5153
Email: john.gaensbauer@newmont.com
Media Contacts:
Heatheryn Higgins
Telephone: 303.837.5248
Email: heatheryn.higgins@newmont.com
Maureen Upton
Telephone: 303.837.5281
heatheryn.higgins@newmont.com
Cautionary Statement
This news release contains
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, that are intended to be covered by the
safe harbor created by such sections. Such forward-looking statements
include, without limitation, statements regarding transaction closure.
Where the Company expresses or implies an expectation or belief as to
future events or results, such expectation or belief is expressed in
good faith and believed to have a reasonable basis. However,
forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ materially from
future results expressed, projected or implied by such forward-looking
statements. Such risks include, but are not limited to, gold and other
metals price volatility, currency fluctuations, increased production
costs and variances in ore grade or recovery rates from those assumed in
mining plans, political and operational risks in the countries in which
we operate, and governmental regulation and judicial outcomes. For a
more detailed discussion of such risks and other factors, see the
Company's 2004 Annual Report on Form 10-K, which is on file with the
Securities and Exchange Commission, as well as the Company's other SEC
filings. The Company does not undertake any obligation to release
publicly revisions to any "forward-looking statement," to reflect events
or circumstances after the date of this news release, or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
SOURCE Newmont Mining Corporation