northern star resources ltd said it will buy a power business from newmont corp for 95 million giving the australian miner greater control over its power supply in a remote part of the countrys west northern star on tuesday said it has entered a binding sale agreement to acquire all of newmonts shares in gmk investments pty ltd which owns a 50 interest in the parkeston power station at kalgoorlie in western australia state northern star already paid 25 million for an option to buy the newmont power unit in its purchase of the coloradobased miners 50 stake in kalgoorlie consolidated gold mines pty ltd the company will pay the 70 million balance when the deal completes which is expected to happen next month northern star said the parkeston power station provides electricity to kalgoorlie consolidated gold mines and the kalgoorlie area