RE: RE: RE: RE: Approval Golden ,
Newmont's involvement in diamonds was considered a bad thing by those who follow gold companies ie gold companies should stick to gold . Look at how Barrick was punished when it increased it's % of copper in it's mining operations. The entry of Newmont into FalC came under the guidance of Pierre Lassonde who is long gone. There were other suitors who might have wanted in at the time. I will assume that they were likely diamond companies. Most of this has been discussed at length over the past couple of years.
In all likelihood Lassonde saw the purchase of the piece of FalC pie as a strategic investment that might reward Newmont somewhere down the line once the mine was proven up. We all know what happened globally to junior miners and their prospects after 2008 though.
Crocky