Newmont clears further regulatory hurdle for $16.9 billion Newcrest deal

(Reuters) – Gold miner Newmont Corp said on Monday it has received clearance from Australia’s Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion)takeover of Australia’s Newcrest Mining (OTC:).

Newmont had in August received clearance from Australia’s competition regulator.

($1 = 1.5540 Australian dollars)