Newmont Takes 6.7% Stake In Paladin Energy From Fronteer Gold
13 April 2011 - 8:05AM
Dow Jones News
The world's largest gold producer Newmont Mining Corp. (NEM) has
taken a 6.7% stake in uranium miner Paladin Energy Ltd. (PDN.AU),
according to a regulatory statement filed Wednesday.
Newmont and its associates took the stake on April 6, according
to a filing from Paladin.
The stake build has been expected for several months after
Newmont in February took over Canada's Fronteer Gold Inc. (FRG),
which already held the Paladin stake.
Newmont doesn't have significant investments in uranium.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com