-TSX, NEM-NYSE] has submitted a US$16.9 billion non-binding proposal to acquire Newcrest Mining Ltd. [NCM-TSX, ASX, PNGX], an Australian company with significant mining operations in Canada.
Newmont is the world’s leading gold company and producer of copper, silver, zinc and lead. It has operations in North America, South America, Australia and Africa. They include Nevada Gold Mines LLC, a joint venture with Barrick Gold Corp. [ABX-TSX, GOLD-NYSE], which currently ranks as the world’s single largest gold-producing complex. Nevada Gold Mines is operated by Barrick Gold. It is a joint venture held 61.5% by Barrick and 38.5% by Newmont.
Newcrest is Australia’s leading gold miner and has major gold and copper operations in British Columbia. A year ago, Newcrest snapped up the Brucejack gold mine in B.C. by acquiring all the shares of Pretium Resources it didn’t already own for $2.8 billion.
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