CAPITAL MARKETS

Newmont to extend bid, eyes merger savings

US GOLD giant Newmont Mining Corp said today it expects to capture US$70-80 million in synergies in the first full year after it swallows Normandy Mining and Franco-Nevada Mining Corp.

Greg Tubby

It also expects to raise a further US$250-300 million in 2002 from the sale of non-core assets of both companies. The acquisitions, expected to be wrapped-up before the end of the month, will almost...

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