You are using an older browser version. Please use a supported version for the best MSN experience.

Newcrest sells 50% stake in Hidden Valley

AAP logoAAP 18/09/2016

Newcrest Mining has agreed to sell its 50 per cent stake in the Hidden Valley joint venture, including the Hidden Valley mine in Papua New Guinea, to its partner Harmony Gold Mining.

The group will also offload its 50 per cent interest in three regional exploration tenements near the Hidden Valley mine to Harmony.

Newcrest on Monday said it expects to book a loss on the two deals of about $US10 million ($A13 million).

image beaconimage beaconimage beacon