Newcrest rebuffed Newmont’s initial offer in mid-February, with Newcrest interim chief executive officer Sherry Duhe suggesting the company is “worth a lot more” than what Newmont offered. “We had not put the company up for sale, and this offer was unsolicited,” Duhe told Bloomberg.
Newcrest comes into any deal showcasing its suite of gold and copper mines and projects in Australia, Canada and Papua New Guinea, while Newmont highlights its position as the world’s largest gold mining company.
Combining Newcrest and Newmont would create an Australian gold mining giant through the largest mining transaction in the country’s history. Newcrest’s Cadia and Telfer gold mines will ostensibly complement Newmont’s Boddington and Tanami gold operations in Western Australia and the Northern Territory.
Newmont also has a strong footprint in Africa, North America and South America to accompany Newcrest’s international…
