The future of the world’s biggest gold-mining deal hinges on a chunk of terrain that is among the most valuable in America: the gold fields of Nevada.
Newmont Mining Corp. formally rejected Barrick Gold Corp.’s unsolicited $18 billion proposal and offered an alternative: a joint venture of the two miners’ Nevada operations. Toronto-based Barrick’s merger plan is anchored in a plan to strip out nearly $7.1 billion of costs in a combined company. All but $2.4 billion of that, they say, can be squeezed from combining the two...
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Breakingviews - 🏆 470. / 51 Read more »