Board-Ansicht
Mix-Ansicht- As a matter of facts......................... - Emerald, 10.09.2003, 03:57
As a matter of facts.........................
-->solche Neuigkeiten aus Australien können morgens früh schon Freude machen:
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News Releases
Yandal Emerges From Voluntary Administration
9/9/2003 7:22:00 PM
DENVER, Sept. 9 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) today announced that its Australian subsidiary, Newmont Yandal Operations Pty Ltd (Yandal), has emerged from voluntary administration and been returned to the control of Yandal's Board of Directors. This follows the overwhelming vote by creditors to approve the Deed of Company Arrangements (DOCAs) proposed by Newmont.
The DOCAs were signed by KordaMentha, Administrators of Yandal, on September 8, 2003, in Australia. Newmont's DOCAs ensure that trade creditors will be promptly paid in full and protects Yandal employees' entitlements. KordaMentha reported that at the Yandal creditors' meeting of August 29, 2003, 377 creditors, representing 89.5% of Yandal debt voted, voted in favor of accepting the DOCAs, while only two creditors voted against.
Thomas Mahoney, Vice President and Treasurer of Newmont, commented,"Newmont is very pleased with the outcome of the voluntary administration process. The resolution of this process in about two months was a positive outcome for our shareholders as well as Yandal employees and trade creditors."
Newmont, based in Denver, is the world's premier gold mining company and the largest gold producer with significant assets on five continents.
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