On Monday, Newmont Mining Corp (NYSE:NEM)’s shares declined -0.31% to $25.83.
Newmont Mining Corporation (NEM) declared its intention to offer 29,000,000 shares of its common stock, subject to market and other conditions, through a registered public offering. In connection with the common stock offering, Newmont has granted the underwriters a 30-day option to purchase up to an additional 4,350,000 shares of common stock. The offering will be made following the Company’s shelf registration statement filed with the Securities and Exchange Commission.
The Company intends to use the net proceeds from this offering to fund the acquisition from AngloGold Ashanti Limited of the Cripple Creek and Victor mine in Colorado (the “CC&V Acquisition”), supplemented with cash from the Company’s balance sheet. Until the CC&V Acquisition is accomplished, the Company intends to place the net proceeds from this offering in short-term liquid investments. If the CC&V Acquisition is not accomplished, the Company intends to use the net proceeds from the offering for general corporate purposes (which may comprise repaying debt, funding exploration, developing its project pipeline, paying dividends or other forms of capital returned to shareholders).
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. As of December 31, 2014, it had proven and probable gold reserves of 82.2 million ounces and an aggregate land position of about 20,000 square miles.
Public Service Enterprise Group Inc. (NYSE:PEG)’s shares dropped -0.64% to $40.14.
Vermont Governor Peter Shumlin joined Public Service Enterprise Group Inc. (PEG) Solar Source, Encore Redevelopment, juwi solar Inc. (JSI) and Vermont Electric Power Producers Inc. (VEPP) to dedicate the PSEG Essex Solar Center. The 3.6-megawatt-dc facility, located roughly four miles northeast of Burlington, VT, is the state’s largest solar farm.
The 15-acre PSEG Essex Solar Center began commercial operations in October. It uses about 12,000 photovoltaic solar panels to generate enough solar energy to power more than 600 homes. Its pollution-free energy displaces about 2,841 tons of greenhouse gas emissions annually – the equivalent of removing about 600 cars from the road.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products that are used to optimize the operation of the energy grid.
At the end of Monday’s trade, Nike Inc (NYSE:NKE)‘s shares dipped -0.58% to $101.44.
NIKE, Inc. (NKE) declared that Jim Scholefield will become its Chief Information Officer reporting to Eric Sprunk, Chief Operating Officer for NIKE, Inc.
In this role, Jim will be responsible for leading NIKE, Inc.’s technology strategy to support the company’s future growth. Jim most recently served as Chief Technology Officer for The Coca-Cola Company, where he was responsible for creating and executing its worldwide information technology strategy, technology operations, production support and technology engineering across The Coca-Cola Company. That comprised of providing global leadership across the Coca-Cola enterprise on all technology matters.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
America Movil SAB de CV (ADR) (NYSE:AMX), ended its Monday’s trading session with 0.05% gain, and closed at $20.33.
America Movil S.A.B. de C.V. (AMX) is offering 2.25 billion euros ($2.5 billion) of bonds that can be converted into shares of Royal KPN NV, two years after billionaire Carlos Slim’s failed bid to take over the largest Dutch phone company.
The sale of bonds that mature in five years has a so-called upsize option of 250 million euros, and the exchange premium will be 40 percent to 45 percent more than a reference price to be set on Wednesday, America Movil said in a statement.
America Movil holds 21.1 percent of KPN, according to the Mexican company’s most recent financial report. The stake had a market value of 3.1 billion euros as of Tuesday’s close. Slim has been gradually decreasing his holding since he was forced to withdraw a 7.2 billion-euro bid for the Dutch carrier in 2013 after talks broke down and KPN’s preference share foundation blocked the takeover attempt.
America Movil is struggling to maintain growth in Mexico, where it serves 7 of 10 mobile phone users. The operator is instead relying on Brazil, Austria and the U.S. for expansion, as it deals with regulatory sanctions in Mexico that forced it to stop charging competitors to connect calls and eliminated domestic roaming charges.
América Móvil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers mobile and fixed voice services, counting airtime, local, domestic, and international long-distance services, in addition to network interconnection and public telephony services.
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