NCM 0.00% $23.35 newcrest mining limited

News: NCM UPDATE 1-Newmont's $16.7 bln Newcrest deal gets all regulatory nods; nears shareholder...

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    Oct 6 (Reuters) - Australian gold miner Newcrest Mining (NCM) said on Friday Newmont Corporation NEM.N , its suitor for a proposed A$26.2 billion ($16.68 billion) buyout, had received all government regulatory approvals required for the deal to go through.

    The deal still awaits the crucial Newcrest shareholder vote, scheduled for Oct. 13.

    "The approvals include ones from the Australian Foreign Investment Review Board and competition authorities in Australia, Canada and Papua New Guinea," Newcrest said in a statement.

    Australia's largest gold miner, Newcrest, had in May backed the takeover offer from Newmont, in what would be the third-largest deal ever involving an Australian company.

    Newmont, the world's largest gold producer, and Newcrest anticipate the transaction closing in the fourth quarter of this year, subject to the satisfaction of customary closing conditions.

    Newmont did not immediately respond to a Reuters request for comment. ($1 = 1.5706 Australian dollars)

 
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