Was macht Newmont mit Lihir? - 500 Beiträge pro Seite

[manfred1_I]

Was passiert denn da?

NEWMONT SELLS 9.7% STAKE IN AUSTRALIA`S LIHIR GOLD

4/2/2002 6:31:00 PM

SYDNEY, Apr 03, 2002 (AsiaPulse via COMTEX) -- United States-based Newmont Mining Corporation (ASX:NEM) has announced the sale of its 9.7 per cent stake in Australia`s Lihir Gold Ltd (ASX:LHG) through a block trade to Macquarie Equity Capital Markets Ltd.

usw. usw.

[manfred1_I]

UPDATE 1-Newmont sells Lihir gold stake

4/2/2002 8:11:27 PM

UPDATE 1-Newmont (NEM) sells Lihir gold stake

(Adds more details, analyst comment, updates shares)


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SYDNEY, April 3 (Reuters) - U.S.-based Newmont Mining Corp said on Wednesday it had sold its 9.7 percent stake in Papua New Guinea miner Lihir Gold Ltd (LHG) to Australia`s Macquarie Equities for about US$84 million.

"This sale puts us well within reach of our first-year target of realising $250 million to $300 million in proceeds from the sale of non-core assets," Newmont president Pierre Lassonde said in a statement.

Newmont said the stake of 111.3 million shares in Lihir was sold via a block trade to Macquarie Equity Capital Markets Ltd.

Newmont in February became the world`s largest gold miner after buying Normandy Mining Ltd of Australia and Canada`s Franco-Nevada Mining Corp Ltd.

Newmont stake in Lihir was obtained through its 2001 acquisition of Battle Mountain Co.

Newmont shares closed down 0.9 percent on Tuesday at $28.52.

By jettisoning its stake in Lihir, Newmont may have opened a window for further consolidation among global gold miners, analysts said.

Lihir, which operates a gold mine on Lihir Island in Papua New Guinea that yielded a record 647,942 ounces last year, has been mentioned as a possible takeover target by other North American mining houses seeking to boost their gold reserves.

The US$2 billion-plus paid by Newmont for Normandy, outbidding South Africa`s AngloGold Ltd <ANGJ.J>, has raised speculation of a rush on Australian gold miners seeking dramatic increases in mine yields.

A surge in gold prices above $300 an ounce has further fuelled the speculation.

Lihir in January increased reserves by 3.0 million ounces to 15.1 million ounces, giving the mine an extended life.

Shares in Australia-listed Lihir fell about 15 cents, or nine cents in early trading. At 10:40 a.m. (040GMT), the shares were 11 cents lower at A$1.44.

Newmont said in late February it will either sell out or raise stake in Lihir, with most analysts expecting Newmont to sell.

"No one really expected Newmont to bid for the company," said Adam Conigliaro of Hogan Partners in Perth.