Newmont Mining Corporation Holding Company News

Newmont Mineral Holdings B.V., a wholly-own subsidiary of Newmont Mining Corp. , said Wednesday it has disposed of two million Lydian International Inc.

By Caroline Valetkevitch New York - The Dow Jones industrial average climbed to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery.

Analyst Report ) has agreed to sell its 14% stake of PT Newmont Nusa Tenggara, the Indonesian gold mine, to PT Multi Daerah Bersaing for about $494 million, ending the dispute with the Indonesian government over selling its shares as required under the contract to operate in the country.

The sector fell 0.8%. Bank stocks had been under pressure in the early going after Financial Times reported that the Federal Reserve has asked nine of the nation's largest bank to outline how they intend to repay TARP.

Precious metals in hard times: You've probably seen the commercials on television urging you to buy some gold.

Gabriel Resources Ltd. , a Toronto company that's trying to develop a major gold project in Romania, said it will be bringing in a new management team as several directors and senior executives leave their positions.

An employee weighed gold ingots last week in a room for final weighing and packaging at the Krastsvetmet plant in Siberia.

U.S. stock-index futures advanced before reports that may show a rebound in consumer spending and gains in durable goods orders and home sales.

Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.

Lydian International Ltd. , a diversified mineral exploration and development company, today announced the last results from its 2009 exploratory and step-out drill program at its Amulsar gold discovery in Armenia.

Newmont Mining Corp. says its Indonesian joint venture has agreed to transfer a 14 percent stake to a private company and to a consortium of regional and local Indonesian governments, with proceeds totaling about $494 million.

Record high gold prices have investors looking for new ways to get in on the trade and invest in gold .

Solitario Exploration & Royalty Corp. announced that it is in the final planning stage for two new drilling programs in 2010.

After months of talks, Safeway and King Soopers have given a union representing Colorado grocery workers their last, best, final contract offer.

Newmont Mining Corp. has sold a 10 percent share of its Indonesian joint venture to a consortium of regional and local governments.

Wall Street was set to rise at the open on Monday, adding to two weeks of gains, as a decline in the U.S. dollar helped lift commodity prices and boost natural resource stocks while data showed consumers spent more than expected in October.

In just a week, Newmont Mining , one of the world's top producers of gold, saw its stock leap to 51.24 from 43.

Osisko Mining Corp., developer of the $1 billion Malartic gold mine near Val d'Or, northwestern Quebec, is again in the eye of the world's goldbugs.

Bullion producers including Barrick Gold Corp. and Goldcorp Inc. may attempt to take over smaller companies such as Osisko Mining Corp.

Newmont Mining Corp. chief executive Richard O'Brien said costs for the gold-mining industry are likely to rise by about 5 percent next year.