Catalpa bids for Newcrest Mining
Australia’s Catalpa Resources has made a A$298m (£194.5m) bid for Conquest Mining and agreed to buy interests from Newcrest Mining in a deal to create a A$1.1bn gold miner. The firms said they wanted to create a mid-tier gold company with strong growth prospects to fill a void left following a string of deals over the past few years, including Newcrest’s A$9.9bn takeover of Lihir Gold last year.