Newmont (ASX:NEM) said it received AU$100 million from Zijin Mining after the parliament of Ghana ratified the renewal of the Akyem East mining lease, according to a Monday Australian bourse filing.
Under the companies' definitive agreement, Zijin agreed to pay the amount upon receipt of the lease ratification.
The payment brings Newmont's total after-tax cash proceeds from the sale of Akyem to around AU$770 million, the filing said. It now expects AU$3.1 billion in after-tax cash proceeds from its divestiture program this year.
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