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The Shania Twain link to Newcrest’s $24.4b takeover offer

Peter Ker
Peter KerResources reporter
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To understand why the world’s biggest gold miner Newmont is willing to pay $24.4 billion to acquire Australia’s gold champion Newcrest, you need to understand what’s going on in the home town of Canadian songstress Shania Twain.

The people of Timmins, Ontario were so proud of their homegrown superstar they built a tourist attraction on the edge of town called the Shania Twain Centre, where visitors could inspect memorabilia and awards collected over a career that sold tens of millions of albums.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/the-shania-twain-link-to-newcrest-s-24-4b-takeover-offer-20230209-p5cj7p