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News Breaks
05:07 EDTNEM
theflyonthewall.com: Newmont Mining to sell additional 14% share of PTNNT
Newmont Mining announced that its subsidiary, Newmont Indonesia Limited, together with Nusa Tenggara Mining Corporation, have agreed to sign a sale and purchase agreement for an additional 14% of PT Newmont Nusa Tenggara, or PTNNT, to PT Multi Daerah Bersaing, a consortium comprised of regional and local governments near the Batu Hijau mine, and PT Multicapital, a private company. Proceeds will total approximately $494M. The 2008 share transfer will be completed upon approval from the Government of Indonesia. The 2009 share transfer is expected to follow shortly thereafter. A PTNNT shareholder meeting will be held following the closing of the 2008 shares to approve the transfer of the 2009 shares. :theflyonthewall.com



News For NEM From The Last 14 Days
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February 3, 2010
06:20 EDTNEM
theflyonthewall.com: Newmont Mining initiated with a Buy at Deutsche Bank
Target $66. :theflyonthewall.com

January 31, 2010
22:05 EDTNEM
theflyonthewall.com: Four Barron's Roundtable members discuss their investment recommendations
In the final installment of this year's Barron's Roundtable, four of Wall Street luminarie discuss their investment recommendations. The members of the Barron's Roundtable last met on Jan.11, they warned it wouldn't be smooth sailing for the market -- or investors. No surprise, their concerns about the economy and the markets, aired in the past two issues of Barron's, underly their investment recommendations for 2010. PICKS of this week's stars: (1) Bill Gross, head honcho at Pimco, begins the meeting with a description of what his firm calls "the new normal" -- slower growth in the years ahead than the abnormal growth of the mid-2000s. Accordingly, he emphasizes "stable, conservative income generation" -- and several bonds and exchange-traded funds that offer appropriately juicy yields. (2) Meryl Witmer, a general partner of Eagle Capital Partners, likes: Companss Minerals (CMP), Stewart Info Systems (STC), Delta Lloyd (DL.Netherlands), Genworth MI Canada (MIC.Canada), and Biotest (BIO3.German). (3) Archie MacAllaster, head of MacAllaster Pitfield Mackay, his astute analysis of several beaten-up banks and insurers, some selling nicely below book value, whose glory days might not be over, no matter the market's current view. His Picks: Protective Life (PL), HArtford Financial Services (HIG), Principal Financial Group (PFG), FBL Financial Group (FFG), Prudential (PRU), MetLife (MET), Wells Fargo (WFC) and Supervalu (SVU). (4) Fred Hickey, editor of the High-Tech Strategist, has sworn off short-selling. Instead, he's buying gold stocks big and small, for the coming "crazy" stage of the gold rally, and a handful of technology companies whose true value inexplicably remains hidden. His picks are: Market Vectors Jr Gold Miners (GDXJ), Newmont Mining (NEM), Sybase (SY), Novell (NOVL), Symantec (SYMC) and Microsoft (MSFT). Reference Link :theflyonthewall.com