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Stock Market & Financial Investment News

News Breaks
April 28, 2014
13:33 EDTABX, NEMBarrick Gold clarifies merger discussions with Newmont Mining
In response to a press release issued today by Newmont Mining (NEM), Barrick Gold (ABX) confirms that the company had negotiated a term sheet for a proposed merger between Barrick and Newmont, which was agreed upon and signed by both parties on April 8. Since then, Newmont has sought to renege on three foundational elements of the signed term sheet: the location of the head office of the merged company in Toronto; the identification of any specific assets that would be included in a spin-off company; and the carefully constructed governance arrangements, particularly with respect to the roles and authority of the Chairman, the Lead Director and the CEO. Both companies were in full agreement that the merger would produce substantial added value for shareholders, through unique synergies that can only be achieved by combining Barrick and Newmont, and the spin-off and further rationalization of certain of the companies' combined assets.
News For ABX;NEM From The Last 14 Days
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October 20, 2014
06:17 EDTNEMNewmont Mining upgraded to Buy from Neutral at Citigroup
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October 13, 2014
10:26 EDTNEMHigh option volume stocks
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October 12, 2014
14:07 EDTABXZambia to increase royalties on open-pit mines, WSJ says
The Finance Ministry of Zambia said it plans to more than triple royalties on open-pit copper mines, says the Wall Street Journal. Mining companies with open-pit mines in Zambia include Canada’s Barrick Gold (ABX) and First Quantum Minerals, added the Wall Street Journal. Reference Link

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