News: NCM Newmont Confirms Proposal To Combine With Newcrest Mining

Feb 5 (Reuters) - Newmont NEM.N :

• CONFIRMS PROPOSAL TO COMBINE WITH NEWCREST
• ADVISES SHAREHOLDERS NEED NOT TAKE ANY ACTION AT THIS TIME AS THERE CAN BE NO CERTAINTY THAT A TRANSACTION WILL BE CONCLUDED
• SAYS NEWMONT'S PROPOSAL TO COMBINE WITH NEWCREST IS ON BASIS OF 0.380 NEWMONT SHARES PER NEWCREST SHARE
• SAYS CONFIRMED IT HAS SUBMITTED A NON-BINDING PROPOSAL TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF NEWCREST MINING LIMITED
• SAYS NEWMONT'S PROPOSAL WOULD RESULT IN COMBINED COMPANY BEING 30 PERCENT OWNED BY NEWCREST AND 70 PERCENT OWNED BY NEWMONT