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[$$] Newcrest shrugs off impact of consolidation in gold industry

Jamie Smyth in Sydney and Neil Hume in London

In recent months, Barrick Gold has acquired Randgold Resources, London’s biggest gold miner, while Newmont Mining is finalising a deal to acquire Canada’s Goldcorp for $10bn. Barrick was also considering a hostile bid for Newmont but it pulled the deal in favour of a joint venture.