8-KOther EventsExhibits & Filings

NEWMONT Corp /DE/ 8-K Report, Corporate Update (Oct 4, 2023)

Filed October 4, 2023For Securities:NEMNEMCL

Summary

Newmont Corporation has announced a significant step forward in its proposed acquisition of Newcrest Mining Limited. The company has successfully secured all necessary government regulatory approvals, including those from the Philippine Competition Commission and the Securities Commission of Papua New Guinea. This clearance is a crucial milestone, moving the transaction closer to completion. While these regulatory hurdles are overcome, the acquisition remains contingent on the satisfaction of remaining conditions. These include approvals from Newcrest's shareholders and Newmont's stockholders for the issuance of Newmont common stock as consideration. Investors should closely monitor these upcoming shareholder votes and any further regulatory updates as the transaction progresses toward its anticipated closing.

Key Highlights

  • 1Newmont has obtained all required government regulatory approvals for the Newcrest Mining Limited acquisition.
  • 2Approvals were received from the Philippine Competition Commission and the Securities Commission of Papua New Guinea.
  • 3The transaction is still subject to shareholder approvals from both Newcrest and Newmont.
  • 4Newmont stockholders will vote on the issuance of Newmont common stock for the transaction.
  • 5Newcrest shareholders will vote on the scheme implementation deed.
  • 6The company has provided details on where investors can find additional information and materials related to the transaction, including proxy statements and scheme booklets.

Frequently Asked Questions

The main event is Newmont Corporation announcing that it has secured all necessary government regulatory approvals to proceed with its previously announced transaction to acquire Newcrest Mining Limited.

The transaction is still subject to the satisfaction of remaining conditions precedent, which include approval by Newcrest's shareholders and approval by Newmont stockholders for the issuance of Newmont common stock as consideration.

Investors can find detailed information in the definitive proxy statement filed with the SEC on September 5, 2023, the scheme booklet dated September 8, 2023, and other documents filed by Newmont and Newcrest with regulatory authorities. These can be accessed on the SEC's website (www.sec.gov) or through Newmont's Investor Relations department.

Yes, the filing includes a cautionary statement regarding forward-looking statements and lists several risks. These include the inherent uncertainty of financial projections, the ability to integrate the businesses and achieve synergies, obtaining required shareholder and regulatory approvals, potential legal proceedings, and unanticipated difficulties or expenditures related to the transaction.