April 20, 2010 – Rebuffed when it made a A$9.2 billion offer for Lihir Gold Ltd., Newcrest Mining Ltd., Australia’s biggest gold-miner, says it will increase its takeover offer for Lihir.
In a letter to Lihir chairman Ross Garnaut, Newcrest said, “We are prepared to improve our offer structure to enable shareholders wanting more scrip and less cash (or vice versa) to have that option through a mix and match’ structure, subject to caps.”
A merger between the two mining units would create the world’s fourth-largest gold company.
Read more at Mining News Today:
Lihir Gold news – http://mining.einnews.com/news/lihir-gold
Newcrest Mining news – http://mining.einnews.com/news/newcrest
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