Deals
Newmont to Sell Canadian Oil Sands Stake to Bank Syndicate
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Newmont Mining Corp., the biggest U.S. gold producer, has agreed to sell its stake in Canadian Oil Sands Ltd. for about C$608 million ($578 million.)
Newmont owns about 6.5 percent of Calgary-based Canadian Oil Sands and will sell its stake to a banking syndicate that will then offer the shares to various buyers, Omar Jabara, a spokesman for Greenwood Village, Colorado-based Newmont, said in an e-mail today.