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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Newmont Mining Acquires Remaining Interest in Boddington Project and Completes Concurrent Common Stock and Convertible Debt Offerings

2009

Areas Corporate Finance and Securities, Mining and Natural Resources, Tax

Summary

Goodmans acted as Canadian counsel to Newmont Mining Corporation in connection with the acquisition from AngloGold Ashanti Australia Limited, a wholly-owned subsidiary of AngloGold Ashanti Ltd., of its 33.33% joint venture interest in the Boddington project in Western Australia for approximately US$1.1 billion. With this acquisition, Newmont now owns 100% of the Boddington project, the largest gold project in Australia. The acquisition was funded by the approximately US$1.7 billion proceeds of concurrent offerings by Newmont of common stock and convertible senior notes due 2012 which closed on February 3, 2009. Citigroup Global Markets Inc and J.P. Morgan Securities Inc. were the joint book-runners for the Offerings, and BMO Capital Markets was the lead manager for the offerings.