Newmont and Newcrest merge to form world's largest gold and copper miner.
Australian mining company Newcrest has backed a $19bn bid by Newmont to create the world's largest gold miner. The deal would see Newmont acquire Canada's Goldcorp, with Newcrest taking a 70% stake in the Red Chris copper and gold mine in British Columbia. The acquisition would create a company with a market value of $32bn.