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On May 14, 2023, Newmont announced its definitive agreement to acquire Newcrest. The combination would create a world-class portfolio of assets with the highest concentration of Tier One operations, primarily in favorable, low-risk mining jurisdictions.
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Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. [2]
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Newmont Corporation NEM announced the successful completion of its acquisition of Newcrest Mining Limited, marking a significant milestone in the company's history and the industry as a whole.
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Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfields and greenfields exploration projects. Our reserve and resource base is strong, with current gold reserves representing more than 24 years of production at current rates.
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Newmont (NEM), the world's biggest gold mining company, acquired Australia-based rival Newcrest Mining Ltd. for $19.2 billion in the industry's biggest deal to date.
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Mining giant Newmont has concluded the $16.8bn (A$26.2bn) takeover of Newcrest Mining, leading to the formation of what it claims to be the globe's leading gold miner. The merged entity will also have a "robust" production of copper, stated Newmont.
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As of November 6, 2023, Newcrest Mining Limited has been acquired by Newmont Corporation, to create the world's leading gold mining company with robust copper production. Please visit Newmont to learn more.
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DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced it has completed the acquisition of Newcrest Mining Limited to create the world's leading gold company with robust copper production.
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Newmont has agreed to acquire Newcrest by way of an Australian Scheme of Arrangement ("Scheme"), under which Newmont will acquire 100 percent of the issued shares in Newcrest Mining Limited ("Newcrest")
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Newmont's acquisition of Newcrest Mining Limited marks a historic milestone in establishing the world's leading gold and copper company, with 17 operations across nine countries.
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