Newmont Mining Corp. of Canada Ltd.

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
MM
Description

Newmont Mining Corp. of Canada Ltd. (NYSE: NEM) has retai ned Scotia Waterous to review potential monetization alternatives for its "BlackGold" asset in the Athabasca oil-sands region of Alberta. The offer will include working interests and all bitumen rights in the 9,600-acre steamassisted gravity-drainage fairway under lease including both the Wabiskaw and McMurray formations. The McMurray formation has reserves of 359.2 million barrels of original bitumen in place, and the Wabiskaw formation has 222.8 million barrels, with a total production capacity of 35,000 barrels of oil per day. The lease contains 305 million barrels of recoverable bitumen. The exploitable bitumen-in-place is 72% in McMurray and 76.5% in Wabiskaw. For more information, contact Chris Slubicki, 403-261-4242