Newmont to raise $1.16 billion

NEWMONT Mining Corp, the world’s second largest gold miner, is raising $1.16 billion, with the funds being used to complete the Boddington project in Western Australia and expansions in Peru. The gold miner said it would raise the $A1.16 billion through the issue of two $A581.43 million convertible senior notes due in 2014 and 2017.

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