324:
315:, after the takeover of Normandy by Newmont, on 24 May 2002. At the end of court proceedings, on 28 February 2003, Newmont Yandal was delisted from the Australian Securities Exchange. The final court decision modified the original court order such that former GCM shareholders were not able to reacquire their shares in GCM, making the existence of the company for legal reasons unnecessary.
267:
were found to have illegally structured a takeover of the company and
Gutnick was ordered to return $ 28.5 million to investors. The court found that their behaviour in jointly bidding $ 450 million earlier that year for Great Central Mines was unlawful and deceptive. Both Gutnick and Crespigny had
272:
of the
Federal Court found that Yandal Gold, jointly owned by Gutnick's family company Edensor Nominees, and Normandy, acted illegally during the takeover. Court proceedings finalised only in February 2003, after Normandy Mining itself had ceased to exist.
268:
shareholdings in GCM before this bid was launched, and they agreed together to form the Yandal Gold company. The court found however, that it was only
Gutnick who received any benefit and it was therefore him who had to pay the $ 28.5 million. Justice
263:, a company it owned a 49.9% interest in. This offer came under investigation from the Australian Securities and Investments Commission, which demanded a termination of the offer on 23 March 1999. Gutnick and Normandy chairman
251:. This offer closed on 10 October 1997 and was followed by a second offer, lasting until 2 January 1998. GCM acquired the necessary 90% acceptance in the second offer and moved to compulsory acquisition on 5 January 1998.
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352:: Developed by GCM in the mid-1990s, Jundee and Nimery produced approximately 300,000 ounces of gold annually, with two-thirds of it produced from Jundee and one third from nearby Nimary.
288:'s to Normandy. The ongoing court proceedings however meant, that GCM could not be delisted from the ASX, as planned, on 22 June 1999. Instead, GCM continued to trade, acquiring the
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On 5 April 2000, Joseph
Gutnick, Robert Champion de Crespigny and Ian Gould resigned as directors of the company, to be replaced by three new directors.
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147:, and was renamed Normandy Yandal Operations Limited in 2000. The company's takeover however led to lengthy court proceedings, initiated by the
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344:: Developed by GCM in the early 1990s, Bronzwing produced approximately 250,000 to 300,000 ounces of gold annually.
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115 million for it from GCM. The company purchased the remaining 30% of
Bronzewing it didn't own in early 1995 for
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360:: Acquired in late 1997, the Wiluna mine produced approximately 130,000 ounces of gold annually under GCM.
151:, which only finalised in February 2003. At this stage, Normandy Mining itself had been taken over by the
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551:
Newsletter of the
Australian Miners Hall of Fame, published: April 2001, accessed: 15 December 2009
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By 1996, GCM was worth A$ 500 million, but
Gutnick's web of companies was built on debt.
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Newmont ASX announcement, published: 19 February 2003, accessed: 14 February 2010
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Normandy ASX announcement, published: 11 January 1999, accessed: 11 February 2010
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Normandy ASX announcement, published: 23 March 1999, accessed: 11 February 2010
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GCM operated three gold mines, all in
Western Australia, during its existence:
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02/398 Yandal: $ 33 million payout for former Great
Central Mines shareholders
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857:
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GCM ASX announcement, published: 6 September 1999, accessed: 14 February 2010
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Newmont ASX announcement, published: 6 June 2002, accessed: 13 February 2010
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GCM ASX announcement, published: 5 January 1998, accessed: 14 February 2010
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In 1988, Gutnick's company discovered the deposit which was to become the
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GCM ASX announcement, published: 30 July 1999, accessed: 14 February 2010
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GCM ASX announcement, published: 30 July 1998, accessed: 14 February 2010
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GCM ASX announcement, published: 5 April 2000, accessed: 14 February 2010
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225:, becoming the prospector receiving the richest payout, having received
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to go back to the
Australian desert and search for "gold and diamonds".
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292:, near Bronzewing, in September 1999 and integrating it in the later.
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The company lost its independence in 1999, when it was taken over by
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mineweb.com, published: 18 October 2007, accessed: 15 December 2009
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Companies formerly listed on the Australian Securities Exchange
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In early 1999, Normandy Mining made an offer for GCM through
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Acq. of Mt McClure gold operations/ass. tenement interests
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Yandal Gold Part A T/O Offer for GCM - ASIC Investigation
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Compulsory acquisition notices dispatched re Wiluna Mines
491:, broadcast: 27 November 2006, accessed: 15 December 2009
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89 million, together with the remaining 49% stake of the
566:, published: 6 February 1995, accessed: 19 December 2009
513:, published: 8 February 2008, accessed: 11 February 2010
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Unveils new global image to reflect Normandy/Franco Acqs
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Non-renewable resource companies disestablished in 1999
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in Western Australia, which he sold for A$ 50 million.
761:
168:
The company started its existence under the name of
613:
Miners found to have illegally restructured company
311:code to NYY. Normandy Yandal, in turn, was renamed
176:on 19 December 1996. The company was listed on the
221:, a sale which earned the later an entry into the
192:, who was, after almost having been ruined by the
188:Great Central Mines was led by the ordained Rabbi
588:Notice re: Takeover Offer for Great Central Mines
276:The deal nevertheless went ahead and brought the
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149:Australian Securities and Investments Commission
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894:Australian companies disestablished in 1999
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665:delisted.com.au, accessed: 14 February 2010
653:delisted.com.au, accessed: 14 February 2010
471:delisted.com.au, accessed: 14 February 2010
447:delisted.com.au, accessed: 14 February 2010
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702:Fourth Quarter Activities Report - Part A
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690:Fourth Quarter Activities Report - Part A
369:Annual production figures of the company:
484:Minerals boom leads to Bronzewing revival
243:On 21 August 1997, GCM made an offer for
651:NORMANDY YANDAL OPERATIONS LIMITED (NYY)
506:Chairman Argus has a little bet each way
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663:NEWMONT YANDAL OPERATIONS LIMITED (NYY)
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889:Defunct mining companies of Australia
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16:Former Australian gold mining company
523:Bronzewing gold mine is flying again
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488:Australian Broadcasting Corporation
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884:Gold mining companies of Australia
763:Gold mining companies of Australia
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305:Normandy Yandal Operations Limited
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639:Director Appointment/Resignation
445:GREAT CENTRAL MINES LIMITED (GCM)
313:Newmont Yandal Operations Limited
213:GCM acquired the majority of the
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309:Australian Securities Exchange
307:on 30 June 2000, changing its
178:Australian Securities Exchange
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469:GREAT CENTRAL MINES NL (GCM)
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265:Robert Champion de Crespigny
237:it hadn't owned previously.
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174:Great Central Mines Limited
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617:accessed: 12 February 2010
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153:Newmont Mining Corporation
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615:, ABC radio, 16 June 1999
547:30 September 2009 at the
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542:Mark Creasy - Prospector
223:Guinness Book of Records
782:Northern Star Resources
528:20 October 2007 at the
349:Jundee-Nimary Gold Mine
194:1987 stock market crash
172:, changing its name to
675:Federal Court Decision
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170:Great Central Mines NL
50:Great Central Mines NL
561:Gold Mine Stakes Sold
326:
120:Gold: 783,182 ounces
341:Bronzewing Gold Mine
290:Mt McClure Gold Mine
245:Wiluna Mines Limited
180:under the code GCM.
833:Great Central Mines
201:Menachem Schneerson
184:Great Central Mines
131:Great Central Mines
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22:Great Central Mines
807:Westgold Resources
564:The New York Times
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327:Gold mines in the
215:Bronzewing deposit
208:Plutonic Gold Mine
164:Names and listings
133:was an Australian
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255:Normandy takeover
196:, advised by the
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116:Production output
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286:Wiluna Gold Mine
249:Wiluna Gold Mine
235:Jundee Gold Mine
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838:Normandy Mining
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797:Regis Resources
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718:MINEDEX website
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417:783,182 ounces
406:649,322 ounces
395:436,209 ounces
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247:, owner of the
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145:Normandy Mining
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386:Cost per ounce
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190:Joseph Gutnick
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88:Joseph Gutnick
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858:WMC Resources
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63:Headquarters
27:Company type
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823:Allied Gold
792:Oz Minerals
303:GCM became
261:Yandal Gold
219:Mark Creasy
47:Predecessor
873:Categories
802:St Barbara
787:OceanaGold
427:References
381:Production
365:Production
319:Operations
278:Bronzewing
270:Ron Merkel
82:Key people
848:Sino Gold
140:company.
123:(1998–99)
74:Australia
68:Melbourne
42:Resources
777:Newcrest
545:Archived
526:Archived
414:1998–99
403:1997–98
392:1996–97
329:Mid West
107:Products
95:chairman
39:Industry
30:Public,
816:Defunct
728:website
510:The Age
420:A$ 307
409:A$ 301
398:A$ 277
159:History
97:of the
55:Defunct
843:Oxiana
770:Active
331:region
282:Jundee
138:mining
217:from
198:Rebbe
99:board
34:: GCM
726:ASIC
376:Year
284:and
231:US$
135:gold
110:Gold
58:1999
227:A$
32:ASX
875::
682:^
496:^
476:^
435:^
280:,
155:.
71:,
755:e
748:t
741:v
101:)
93:(
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