Greatland Gold bound for ASX after Telfer deal
Peter KerResources reporter
Greatland Gold wants to list on the ASX within six months after agreeing to pay up to $US475 million ($713 million) for Newmont Mining’s stakes in the Telfer and Havieron gold and copper assets.
Almost $US334 million worth of new Greatland shares will be issued to help pay for the deal, with Andrew Forrest’s private company Wyloo set to subscribe for up to $US100 million to maintain its shareholding in the London-listed junior.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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