Australia’s biggest gold miner, Newcrest Mining, is in the crosshairs of a major global producer, with talks under way to fold the $20 billion Australian company into a North American counterpart.
It is understood Newcrest’s board has received an early-stage approach to buy the group, and has called in financial and legal advisers to help assess whether the proposal would be in shareholders’ interests.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
