Northern Star completed the acquisition of a 50% stake in KCGM from Newmont for $800m.

Northern Star, a manufacturer of precious metals, completed the acquisition of a 50% stake in KCGM, a manager of assets and operations of joint venture mining partners of gold ores, from Newmont for $800m. The transaction is expected to close in early January following receipt of ministerial consent required under KCGM’s crown leases. "Australia remains a core operating region for Newmont, and the sale of KCGM allows us to focus on investing in profitable growth and long-term value creation at our top-tier Tanami and Boddington complexes, in addition to our active exploration campaigns across the region," Tom Palmer, Northern Star President and Chief Executive Officer.