Oceanagold completes Waihi mine takeover

Melbourne-based miner OceanaGold has acquired the Waihi gold mine from Newmont Mining after getting the New Zealand Overseas Investment Office's approval

OceanaGold Corp has completed its $US101 million ($A142.76 million) acquisition of the Waihi gold mine from Newmont Mining Corp.

The Melbourne-based miner announced the acquisition in April, but had been awaiting regulatory approval from the New Zealand Overseas Investment Office.

Oceanagold previously has said it expects to assume the economic benefits and costs associated with Waihi from July 1.