Posted in | News | Gold | Copper | Mining Business

Newcrest Mining Seeking New Mergers and Acquisition

By Joel ScanlonSep 6 2010

After acquiring Lihir Gold for $10 billion, Newcrest Mining is now looking for fresh mergers and acquisition opportunities in the Asia-Pacific and West Africa regions.

As per the head of Newcrest Mining the company is looking to grow at a substantial pace in the next few years with opportunities in Australia and overseas.

Chief Executive Officer of Newcrest Mining Ltd., Ian Smith said that there were great opportunities in this part of the world and compared to the Americas there is a lot less competition for some of those assets. Mr Smith also said that the company was interested in buying into projects where they could apply their expertise in exploration and build assets.

The rising price of gold has seen many takeovers in the industry this year as per Greg Fournier the head of the Asia Pacific investment banking for metals and mining at Merrill Lynch in Hong Kong.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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