March 4 (Reuters) - Newmont Mining Corp (NYSE:NEM) NEM.N :
* NEWMONT BOARD UNANIMOUSLY DETERMINES THAT BARRICK'S UNSOLICITED, NEGATIVE PREMIUM PROPOSAL IS NOT IN NEWMONT SHAREHOLDERS' BEST INTERESTS
* PROVIDES TERM SHEET FOR NEVADA JOINT VENTURE WITH BARRICK
* NEWMONT'S PROPOSED COMBINATION WITH GOLDCORP IS EXPECTED TO CLOSE IN Q2 OF 2019
* TERMS OF JV PROPOSAL TO COMBINE NEVADA-RELATED OPERATIONS INCLUDE THAT BARRICK TO HOLD ECONOMIC INTEREST EQUAL TO 55 PERCENT
* NEWMONT GOLDCORP, BARRICK WILL HAVE EQUAL NUMBER OF REPRESENTATIVES ON MANAGEMENT & TECHNICAL COMMITTEES UNDER TERMS OF PROPOSED JV
* PROHIBITED UNDER PROVISIONS OF GOLDCORP MERGER AGREEMENT FROM ENGAGING WITH BARRICK IN RELATION TO ITS PROPOSAL