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NEWMONT MINING SELLS INTEREST IN NEWCREST

 DENVER, April 29 /PRNewswire/ -- Newmont Mining Corp. (NYSE: NEM) today announced it had agreed to sell its 14 percent interest in Newcrest Mining Ltd. in Australia for approximately U.S.$67 million after fees and expenses. The purchaser is Potter Warburg & Co. Ltd. Closing is expected May 7, 1993.
 Newmont Mining had announced some time ago that its interest in the Australian gold producer was for sale.
 Newmont said that it expected to book a pretax gain of approximately $30 million on the sale.
 Newmont Mining is a leading gold producer which owns 90.1 percent of Newmont Gold Co. (NYSE: NGC), the largest producer from North American operations; and has interests in advanced gold properties in Peru, Uzbekistan and Indonesia. It also owns 100 percent of Newmont Exploration Ltd., which is engaged in exploration for gold, primarily in North and South America, and the Far East.
 -0- 4/29/93
 /CONTACT: James F. Hill of Newmont Mining, 303-837-5977/
 (NEM NGC)


CO: Newmont Mining Corp.; Newcrest Mining Ltd. ST: Colorado IN: MNG SU:

MC -- DV008 -- 2947 04/29/93 18:08 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
Words:182
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