Allens has advised Newmont Corporation on its sell-down of a 10.2% stake in Greatland Resources, valued at $440 million, as part of Greatland's restructure and listing on the ASX.
The sell-down follows completion of Newmont's divestment of the Telfer Gold Copper Mine and Havieron Project to Greatland in December 2024, for which Newmont received a 20.4% stake in Greatland as partial consideration for the sale.
'We congratulate Newmont on completing the partial sell-down of its stake in Greatland, delivering significant value from its successful divestment program,' said Partner and Mining Sector Leader Igor Bogdanich.
'This continues a period of strong activity for Allens' capital markets team, following a number of recent mandates across private placements, entitlement offers, reverse takeovers, and strategic acquisitions. Our team remains focused on delivering results for clients across a broad range of complex and high-profile transactions,' said Partner and Co-head of Equity Capital Markets Bryn Hardcastle.
