Newmont selling assets to Franco-Nevada for $1.3B
Nov 30, 2007 | 06:36 AM
| Matthew Lerner
Newmont Mining Corp., Denver, said it was selling its royalty assets and other non-core holdings to Toronto's Franco-Nevada Corp. for about $1.3 billion in order to fund further development of its core gold business
At the same time, Pierre Lassonde, vice chairman and former president, disclosed plans to leave Newmont to become non-executive chairman of Franco-Nevada effective Nov. 30.....
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