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DENVER--(BUSINESS WIRE)-- Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) today announced that the Canadian Competition Bureau issued a "no action" letter clearing Newmont's previously announced transaction with Goldcorp Inc. (NYSE: GG, TSX: G) under Canadian competition law. Newmont continues to cooperate with other regulatory agencies regarding additional approvals that are conditions to closing of the combination.
Last month, Newmont and Goldcorp announced the two companies will create an unmatched portfolio of world-class operations, projects, Reserves, exploration opportunities, and talent. On day one after the transaction closes, which is expected in the second quarter, Newmont Goldcorp will:
Newmont is a leading gold and copper producer. The Company's operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016, 2017 and 2018. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.