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Newmont chief executive Tom Palmer said the company aims to deliver US$500 million in cost savings and enhancing near-term cash flows by at least $2 billion within 24 months of completing the acquisition of Newcrest Mining.
Newcrest Mining's Lihir mine in Papua New Guinea
Newmont has entered into a binding agreement to acquire Newcrest for US$17.8 billion to become the world's largest gold producer with some 8Mozpa of production.
Newcrest acquisition on track for November completion
Newmont sees growth and reduced costs
Barrick "peerless" as rivalry rages
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