Newmont Corporation has received clearances from Australia's Foreign Investment Review Board and Japan's Fair Trade Commission to proceed with its proposed acquisition of Newcrest Mining Limited. The acquisition is expected to close in the fourth quarter of this year. The combined company is anticipated to generate annual pre-tax synergies of $500 million, expected to be achieved within the first 24 months, while also targeting at least $2 billion in cash improvements through portfolio optimization in the first two years after closing.