8-KOther EventsExhibits & Filings

NEWMONT Corp /DE/ 8-K Report, Corporate Update (Sep 18, 2023)

Filed September 18, 2023For Securities:NEMNEMCL

Summary

Newmont Corporation announced a significant development in its proposed acquisition of Newcrest Mining Limited, as key regulatory approvals have been secured. Specifically, Australia's Foreign Investment Review Board and Japan's Fair Trade Commission have granted clearance, allowing the transaction to move forward. This marks a crucial step in Newmont's strategic expansion plans. While these approvals are positive indicators, investors should remain aware that further steps, including shareholder approvals and other customary closing conditions, are still required. The company has provided detailed information regarding the transaction, including a definitive proxy statement filed with the SEC, and urges investors to review these materials for a comprehensive understanding of the deal's implications.

Key Highlights

  • 1Newmont has received regulatory approval from Australia's Foreign Investment Review Board for the Newcrest acquisition.
  • 2Japan's Fair Trade Commission has also cleared Newmont to proceed with the Newcrest transaction.
  • 3These approvals are key milestones in the ongoing process to acquire Newcrest Mining Limited.
  • 4The transaction is proceeding under the terms of the Scheme Implementation Deed, as amended.
  • 5Newmont filed a definitive proxy statement with the SEC on September 5, 2023, and began mailing it to stockholders on September 11, 2023.
  • 6Investors are strongly encouraged to read the proxy statement and other relevant filings for detailed information about the transaction.

Frequently Asked Questions

The main update is that Newmont Corporation has received regulatory clearance from Australia's Foreign Investment Review Board and Japan's Fair Trade Commission to proceed with its previously announced acquisition of Newcrest Mining Limited.

Yes, while these regulatory approvals are significant, the transaction is still subject to other conditions, including required shareholder approvals and customary closing conditions. The company has filed and is distributing proxy materials for Newmont shareholders to vote on the transaction.

Investors can find detailed information in Newmont's definitive proxy statement filed with the SEC on September 5, 2023, as well as other filings made with the SEC and Australian regulators. These documents, including the scheme booklet, are available on the SEC website (www.sec.gov) and Newmont's investor relations website.

The filing contains forward-looking statements and outlines several risks, including the uncertainty of closing the transaction, the ability to achieve expected synergies, potential difficulties in integrating the businesses, regulatory approvals, shareholder approvals, and market volatility. Investors are advised to consult Newmont's SEC filings for a comprehensive discussion of these risks.