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Newmont Selling Stake In Canadian Company

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Newmont Mining Corp., which ranks as the largest gold producer in the United States, is going to sell off a minority stake in a Canadian company that's after black gold, Bloomberg reports. The Greenwood Village-based company (NYSE: NEM) has agreed to sell the 6.5 percent of Calgary-based Canadian Oil Sands Ltd. for $578 million. The buyer is a banking syndicate, which intends to offer the shares for sale....

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