Newmont Takes Paladin Energy Stake After Fronteer Takeover
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Newmont Mining Corp., the largest U.S. gold producer, took a stake in Australia’s Paladin Energy Ltd. after completing the takeover of Fronteer Gold Inc., a shareholder in the uranium producer.
The Greenwood Village, Colorado-based Newmont holds a 6.699 percent stake, or about 52 million shares, in Paladin Energy, according to a substantial shareholder notice filed with the Australian stock exchange today.