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Federal Court Decision

Document date:  Wed 19 Feb 2003
Published:  Wed 19 Feb 2003 00:00:00
Document No:  135810
Document part:  A
Market Flag:  N
Classification: 

NEWMONT YANDAL OPERATIONS LIMITED             2003-02-19  ASX-SIGNAL-G

HOMEX - Adelaide                                                      

+++++++++++++++++++++++++
Further to the announcement released to the ASX on 6 February 2003,
the Federal Court handed down its decision yesterday regarding the
application by Newmont Australia Limited and its related parties
("Newmont") to modify a court order entered in proceedings relating
to the 1999 takeover of Great Central Mines Limited ("GCM").

Yesterday's decision modified the original court order such that
former GCM shareholders will not be able to reacquire their shares in
GCM (now known as Newmont Yandal Operations Limited ("NYOL")). In
light of, among other reasons, a change in the law on compulsory
acquisition since the original order was entered and the current
financial condition of NYOL, the court determined that modification
of the original order would not result in injury to former
shareholders.

For further information please contact:

Nicola Frazer, Manager - Investor Relations
Telephone:  +61 8 8303 1756
Facsimilie: +61 8 8303 1904
E-mail: investor@newmont.com.au

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