Newcrest Leftovers Don’t Appeal to Australia’s Top Gold Miners
- Newmont expected to sell two mines after takeover is complete
- Northern Star, Evolution say they’re unlikely to buy assets
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Australia’s soon-to-be top two gold miners say they’re not interested in buying two operations predicted to be put up for sale by Newmont Corp. after its $19 billion acquisition of Newcrest Mining Ltd.
Newmont is widely expected by sector executives to sell the two Newcrest-operated mines in Western Australia when the deal is completed later this year. Telfer is too mature and Havieron is too small for the US-listed giant, Daniel Morgan, an analyst with Sydney-based investment bank Barrenjoey, said in May.