Normandy Mining was an Australian mining company which predominantly mined gold.
Newmont actually has a large hedge position right now, gained with its February merger with Normandy Mining of Australia.
The board of Normandy Mining, Australia's largest gold producer, accepted an offer from the Newmont Mining Corporation today that values the company at about $2.2 billion.
Newmont became part-owner of the mine three months later, when it acquired Normandy Mining in February 2002.
One hurdle has been removed to a proposed takeover bid by Newmont Mining aimed at Australia's largest gold producer, Normandy Mining.
In early 1999, Normandy Mining made an offer for GCM through Yandal Gold, a company it owned a 49.9% interest in.
Originally owned by Hampton Australia, the mine was taken over by Normandy Mining in January 1994.
Newmont acquired its Australian assets with the acquisition of Normandy Mining in 2002.
Newmont acquired its Waihi assets as part of the with the acquisition of Normandy Mining in 2002.
Newmont Mining has cleared another regulatory hurdle as it closes in on its takeover target, Normandy Mining of Australia.