$28 billion takeover of Aussie company
An Australian gold miner has announced it will back a mammoth takeover offer in one of the biggest buyouts of the year.
Newcrest
Copper is becoming the new gold standard
It was Newcrest’s copper-rich gold mines that gave it the extra shine as the US mining giant Newmont circled.
‘Exciting’ times as Newcrest board backs $29bn takeover
The blockbuster deal with Newmont will combine two of the world’s largest gold producers, with a growing exposure to copper.
ASX up 0.1pc; property, materials gain
The sharemarket closed slightly higher, supported by property and materials as financial stocks fell. InvoCare soared after TPG Capital’s revised $1.9bn bid. Elders dived after its profit warning.
Australian Club AGM blows up over $1.2m loss
The Australian Club is renowned for its wealthy members and status. But it’s losing money and its leadership has copped a roasting.
Newcrest merger call looms as gold shines
Newcrest Mining’s board is likely to make a call on Newmont’s blockbuster merger offer for the company in mid-May, with the company saying the due diligence period expires on May 11.
ASX ends down; Blackmores soars 23pc on takeover
Telstra sets best close in six years. Blackmores rockets on $1.85bn Kirin bid. Downer slashes 400 jobs. Guidance cut hits United Malt. ANZ warns nationalism a threat for lithium.
Revised $32bn Newmont bid tempts Newcrest
Newcrest’s board has indicated it may smile on Newmont’s sweetened takeover bid, which could see the world’s largest gold miner list on the ASX.
Technology and operating chops key to Newmont takeover
Having the best deposits is no longer enough in mega mining mergers, it’s also about the technology and operating ability the target brings to the deal.
Why Newcrest’s bid top up only means one thing
The world’s biggest mining company Newmont believes gold prices are going to go higher – certainly, the conditions are better than ever.
ASX rallies 1.3pc; best day in three months
Newcrest jumps on higher Newmont bid. Treasury Wine rallies as China mulls sanction removals. Latitude receives ransom demand. Consumer sentiment jumps on rate hold.
Newmont surge helps boost Newcrest pitch
The stars could now be aligning for Newmont to lift its bid to buy the $25bn Australian gold mining rival Newcrest.
Newcrest’s fresh PNG mine deal boosts Newmont case
The mining group has bolstered its case for a bump in the merger offer from gold giant Newmont, taking a fresh step towards the development of the long-stalled Wafi-Golpu mine in PNG.
ASX falls 1.4pc in $33bn wipeout; tech, banks hit
Shares close at 10-week low. Gold miners rally in volatile trading. Real estate stocks lift on rate bets. IPH reports cyber incident. Wall Street tipped to rebound.
Newcrest CEO exit the opportune time to pounce
Newmont Mining had been weighing an acquisition of rival Newcrest before its chief executive Sandeep Biswas departed.
Newcrest could offload Telfer operation to Greatland
Greatland Gold is looking at its options to bid for Telfer and take back control of Haveiron if Newmont acquires the Australian-listed Newcrest Mining.
A test of precious mettle
Newcrest investors are in a short-term, long-term quandary over the bid from US gold giant Newmont.
Gold rush: Newmont still in pursuit of Newcrest
Global gold miner Newmont’s boss Tom Palmer is still wooing the board of Newcrest in an effort to win support for its rejected all-scrip bid.
ASX rises on Brambles; ends week lower
Shares end higher on broad gains led by tech. Brambles jumps on consensus beat. Afterpay profit rise lifts Bloc. Irish regulators targets EML. Allkem jumps on profit surge.
Why Newmont’s move on Newcrest is opportunistic
The US giant’s opportunistic takeover bid – lobbed after years of yearning – halves the value of gold in the ground for Newcrest shareholders.
Original URL: https://www.theaustralian.com.au/topics/newcrest/page/2