Newmont Merger Would Create The World's Biggest Gold Miner

The board of Australia's Newcrest Mining has recommended the latest takeover offer of bigger sector player Newmont, which last month valued the target company at $19.5 billion. "The latest offer is one that the board would be prepared to recommend subject to successful due diligence during the period," interim Newcrest chief executive Sherry Duhe said this week, as quoted by Bloomberg. "This transaction would strengthen our position as the world's leading gold company by joining two of the sector's top senior gold producers and setting the…