Leading Developments

Newcrest acquires Pretium Resources

Australian miner Newcrest Mining inked an agreement in mid-November to acquire the remaining shares that it does not already own of Canadian miner Pretium Resources. The deal, which has already been recommended unanimously by Pretium’s board, is valued at US$2.8 billion.

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Oyu Tolgoi underground mine gets $75M jumpstart

Turquoise Hill confirmed that the Oyu Tolgoi LLC board of directors has approved a bridging budget of $75 million to continue critical activities at the Oyu Tolgoi underground mine development project in southern Mongolia.

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