News: NCM Newcrest Mining updates on sale of Hidden Valley interest

Sept 18 (Reuters) - Newcrest Mining Ltd (NCM) :

• Sale of Hidden Valley interest (NCM)
• Also signed an agreement to sell 50% interest in certain regional exploration

  tenements proximate to hidden valley mine to Harmony

• Signed an agreement to sell Newcrest PNG 1 Ltd to a wholly owned

  subsidiary of Harmony Gold Mining Company Limited

• Says Newcrest expects to recognise a loss on sale of approximately US$10M
• Says following completion, Harmony will become 100% owner of the Hidden

  Valley JV including the hidden valley mine

• Newcrest and Harmony will remain 50 / 50 joint venture partners in the

  wafi-golpu project

• As part of the transaction Newcrest has funded Newcrest PNG 1 Ltd with an

  amount of US$22.5M

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