UPDATE 1-Newmont clears regulatory hurdle for Newcrest deal, awaits shareholder vote
Yahoo! Finance
Gold miner Newmont Corp said on Monday it has received a clearance from Australia's Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia's Newcrest Mining . The world's largest gold producer had in August received a clearance from Australia's competition regulator. Newmont also received a clearance from Japan's Fair Trade Commission last week, allowing the transaction to be closed anytime post September-end.
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