Newmont Mining board rejects Barrick takeover offer

TORONTO -- The board of directors of Newmont Mining Corp. unanimously rejected a hostile takeover offer from Barrick Gold Corp. and countered Monday with a proposal of its own -- a new joint venture to operate the two companies' Nevada assets. Newmont chief executive Gary Goldberg and Newmont president Tom Palmer, Goldberg's designated successor, took turns disparaging Barrick's track record in a conference call with financial analysts. Goldberg restated his opposition to the all-stock proposal