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Newmont Mining Corp. (NYSE:NEM) has announced that it has finished the acquisition of the remaining 33.33% interest in the Boddington project from AngloGold Ashanti Australia Ltd. a wholly-owned subsidiary of AngloGold Ashanti Ltd. (JNB:ANG).

Newmont Mining Corp. is primarily a gold producer with significant assets or operations in the United States, Australia, Peru and Indonesia. AngloGold Ashanti Ltd. is a global producer of gold.

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Newmont currently owns 100% of the Boddington project the largest gold project in Australia. The total consideration for 33.33% interest consists of $750 million paid in cash to ANG while $240 million payable in cash &/or NEM common stock at it’s option in December 2009.

A royalty capped at $100 million equal to 50% of the average realized operating margin exceeding $600/ ounce payable on 1/3rd of gold sales from Boddington. The transaction closing cost amounts to $60 million mainly associated with stamp duties to be expensed in the Q2 2009.

NEM gained 2.52% at New York Stock Exchange on Thursday and closed at 43.08. It touched a 52-week high of 53.77 and low of 21.17.