Barrick Newmont Merger in the Works, an Industrial Info Market Brief

Barrick Gold Corporation confirmed this morning that it may buy Newmont Mining Corporation in what would be the largest ever merger of mining assets. Both companies have been hot and heavy with acquisition deals lately, as Barrick acquired Randgold Resources Ltd, and Newmont is in the process of acquiring Goldcorp. If combined, the new company would have more than 50 operational mines mainly in the Americas, Africa and Australia; with 70 active projects totaling $12.6 billion under development, according to Industrial Info Resources Global Market Intelligence Platform.