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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 emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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