Newmont sells its Akyem mine in Ghana to Zijin for up to $1bn

Zijin Mining agreed to pay $900m in cash at closing, plus $100m once Ghana’s parliament ratifies an extended mining lease. Akyem was one of six non-core assets Newmont put up for sale after buying Newcrest.

Why it matters. After a large acquisition, buyers often sell non-core mines to pay down debt and focus on their best assets.

Source

Newmont

In the course

Module 9: The M&A process