Two of the world’s biggest gold mining companies have merged in a $US10 billion ($14.2 billion) deal, which some analysts are tipping will have ramifications for gold mines in Australia.
Newmont Mining has finalised its merger with the Canadian based Goldcorp to become, it said, the world’s leading gold business with an unmatched portfolio of assets, prospects and talent. In a video statement from the company now known as Newmont Goldcorp, it said, “we’re not looking to be the biggest, we’re determined to be the best”.
Newmont Goldcorp is on track to become the world’s biggest gold producer, but the ABC understands the title is currently held by Barrick-Randgold, another mega gold-mining merger which occurred earlier this year. Continue Reading →