Posted in | Gold | Copper | Mining Business

Newcrest Mining Seeking New Mergers and Acquisition

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.

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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