Brief: Newcrest Mining Says Co To Buy 70 Pct Joint-Venture Interest In Red Chris Mine

Imperial Metals

10/03/2019 20:41

March 11 (Reuters) - Newcrest Mining Ltd  NCM.AX :
    * NEWCREST TO ACQUIRE POTENTIAL TIER 1 OREBODY IN CANADA
    * DEAL FOR US$806.5M
    * TO ACQUIRE A 70% JOINT-VENTURE INTEREST IN, AND
OPERATORSHIP OF,
RED CHRIS MINE AND SURROUNDING TENEMENTS IN BRITISH COLUMBIA
    * PLANS TO FUND ACQUISITION FROM CASH AND COMMITTED UNDRAWN
BANK
FACILITIES WHICH TOGETHER AMOUNTED TO OVER US$3.0 BLN AS AT 31
DEC 2018
    * CO ENTERED INTO AN AGREEMENT WITH IMPERIAL METALS CORP
    * WILL BE TARGETING PROSPECTIVE REGIONS BEYOND CURRENT MINE
LOOKING FOR FURTHER PORPHYRY CENTRES
    * CLOSING OF DEAL EXPECTED TO OCCUR IN Q3 CY19 WITH AN
OUTSIDE
DATE FOR CLOSING BY 15 AUGUST 2019

Source text  http://bit.ly/2NRDpUO
Further company coverage:  NCM.AX 

 ((Reuters.Briefs@thomsonreuters.com;))