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Stock Market & Financial Investment News

News Breaks
June 5, 2014
07:55 EDTNEMNewmont Mining says Indonesia unit invokes force majeure on export restriction
Following its announcement earlier this week that copper concentrate production at Batu Hijau was halted, PT Newmont Nusa Tenggara announced it officially notified the Government of Indonesia and employees that it is invoking the force majeure clause of its Contract of Work due to ongoing export restrictions. PTNNT continues discussions with the Government to seek a resolution of the export issues. Investors are cautioned that Newmont Mining Corporationís 2014-2016 copper outlook, issued on April 24, assumed the continuation of Batu Hijau operations, timely receipt of export approvals and other factors. To the extent that PTNNT is unable to export by the end of June, it will impact Newmontís ability to achieve its copper outlook. As a result, investors are cautioned not to rely on such outlook. Comments taken from an 8-K filing.
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July 18, 2014
15:18 EDTNEMGoldcorp showed interest in Newmont Ghana mines, Bloomberg says
Goldcorp (GG) showed interest in potentially buying gold mines in Africa from Newmont Mining (NEM) while the latter was in merger talks with Barrick Gold (ABX) earlier this year, said Bloomberg, citing people familiar with the situation. Reference Link
14:53 EDTNEMGoldcorp showed interest in Newmont Mining assets in Africa, Bloomberg says
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