Newmont Reportedly in Talks With Lihir
DENVER (TheStreet) -- Newmont Mining (NEM) is in the early stages of discussion with advisers to take over Australia's Lihir Gold (LIHR), Reuters reports, citing a report published by the Australian Financial Review.
Lihir has rejected an $8.45 billion offer from Newcrest Mining and hired Macquarie Capital Advisers and Greenhill Caliburn to advise on other options.
Newmont, alongside Barrick Gold (ABX), the world's largest gold producer, are viewed as potential buyers for Lihir, but it remains to be seen whether either firm is seriously considering alternative offers, Reuters reports, citing the Australian paper.
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