NEM is now offering to buy out the Yandel committment for $0.50 on the dollar. A ballsy move, imo.
Newmont offers $219.4 mln for Yandal notes, hedge Tuesday May 27, 3:27 pm ET
NEW YORK, May 27 (Reuters) - Newmont Mining Corp. (NYSE:NEM - News), the world's largest gold miner, said on Tuesday it would offer up to $219.4 million in cash for all the outstanding notes and gold hedge positions of its Yandal operations in Australia