M&A
Newmont Mining is in exclusive talks with AngloGold Ashanti as it moves closer toward clinching a deal to buy the African miner's Cripple Creek & Victor gold mine in Colorado, according to two sources familiar with the matter.
A sale could be finalised soon, and the price for the gold asset is likely to be well below the $1-billion that was initially speculated on by analysts, said the sources, who asked not to be named as they are not authorised to discuss the matter publicly.
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