Newcrest, Barrick Gold, AngloGold Ashanti and Newmont Mining Corp. are interested in LGL

LGL is the object of increased interest

In brief: Newcrest Mining gold output increased by 8%. This year is very succesfull for the Newcrest Mining.

Australia’s Newcrest Mining Ltd has increased production of gold up to the last fiscal year by 8% – up to 1.762 million ounces, the growth rate in the IV quarter was 26%. This is stated in the message of the mining enterprise.

In another press release stated that the proposal Newcrest its competitor Lihir Gold Limited (LGL) on its takeover was approved by an independent expert. The deal is estimated at 9.9 billion Australian dollars ($ 8.68 billion). If shareholders agree to merger LGL, the new gold mining company will take 4 th largest in the world. The agreement is scheduled for 13 September. In addition to Newcrest, to LGL also shown interest in Barrick Gold, AngloGold Ashanti and Newmont Mining Corp.

Ukrainian Globalist
2010-07-22 09:46, Economics.

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