Newmont announces PNG ICCC clearance for acquisition of Newcrest Mining

Newmont announced that Papua New Guinea’s, or PNG, Independent Consumer & Competition Commission, or ICCC, granted clearance for the company to proceed with its proposed acquisition of Newcrest Mining Limited. Newmont, in consultation with Newcrest, has also determined that no premerger notification under the Hart-Scott-Rodino Act will be required in the United States for the transaction to move forward. Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year. Last month, the Canadian Competition Bureau issued a “no action” letter clearing the proposed acquisition.