RE: New presentation from Newmont, showing the 10 assets to be kept16 May 2023 00:58
Interesting post / & thanks from Spondy on GGP Chat (Apologies if already posted)
Market Release from Newcrest today. Takeover agreed, subject to approvals and votes. Expected by end of 2023.
https://www.ggpchat.co.uk/viewtopic.php?t=719
Re: 6.3 Other specific conduct of business.
During the Exclusivity Period, and without limiting any other obligations of Newcrest under this deed, Newcrest:
(a) must not, and must ensure that each Newcrest Group Member does not, except with the prior written consent of Newmont (not to be unreasonably withheld or delayed), directly or indirectly dispose of, or agree to dispose of, or otherwise relinquish or surrender:
(1) any securities, joint venture participating interest or similar equity or other ownership interest in any of the operations known as Cadia, Lihir, Brucejack, Red Chris, Telfer, Havieron or Wafi-Golpu, other than restructures within the Newcrest Group in respect of which Newcrest has (acting reasonably) consulted Newmont;
(2) any material tenement, lease, licence, authorisation, real property interest, project asset or project infrastructure of the operations known as Cadia, Lihir, Brucejack, Red Chris, Telfer, Havieron or Wafi-Golpu;