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| | March 18, 2008
Denver-Based Newmont Mining Completes Acquisition of Canada's Miramar
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| | DENVER (AP) - Newmont Mining Corp. says it has completed the takeover of Miramar Mining Corp., which controls a large undeveloped gold property in Canada's Nunavut Territory.
Denver-based Newmont said B.C. Limited, its indirect wholly owned subsidiary, finished the acquisition process on Monday.
Newmont, one of the world's biggest gold producers, agreed in October to pay $1.53 billion for Miramar, based in Vancouver, British Columbia.
Newmont shares traded down 98 cents to $52.40 in midday trading Tuesday. |
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