Barrick eyes hostile bid for Newmont, Toronto Globe and Mail says

Section:

By Niall McGee and Rachelle Younglai
The Globe and Mail, Toronto
Thursday, February 21, 2019

Barrick Gold Corp. is mulling a takeover bid for Newmont Mining Corp., a transaction that would represent one of the largest mining deals ever and solidify the Toronto-based company’s position as the world's largest gold producer.

Barrick is working on a plan for a two-step deal that would see it take over Colorado-based Newmont for about US$19 billion in stock, then flip some of Newmont's assets to Australia's Newcrest Mining, according to industry sources familiar with the situation.

... Dispatch continues below ...



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First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada

Company Announcement
Thursday, January 31, 2019

VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.

The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...

... For the remainder of the announcement:

https://www.firstvanadium.com/index.php/news/2019/485-



The sources, who were granted anonymity by The Globe because they were not authorized by their employers to speak publicly, cautioned that there are still a number of hurdles. One of those obstacles is winning support from shareholders of Newmont. The company is attempting to close its own US$10 billion acquisition of Vancouver miner Goldcorp Inc., which was announced only last month.

Under the potential terms of the deal, Barrick would keep Newmont’s Nevada and African mines, while Newcrest would take over its Australian operations, which are worth billions. ...

... For the remainder of the report:

https://www.theglobeandmail.com/business/article-barrick-eyes-hostile-bi...

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