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AAP

Business

Derek Rose

Newcrest confirms $24b takeover offer from Newmont

Newmont Newcrest Newmont Corp Australia Gold

The world's largest gold producer is making a $24 billion bid for Australian miner Newcrest. (Mick Tsikas/AAP PHOTOS) (AAP)

Australia's biggest goldminer says it has received a tentative $24.3 billion takeover offer from the world's largest one.

Newcrest on Monday confirmed it had been approached by New York Stock Exchange-listed Newmont Corp about an all-scrip takeover.

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