If a $24.4 billion takeover bid for the country's biggest producer is successful, foreign ownership of Australia's gold mining industry would rise above 50 per cent, according to an analyst.
abc.net.au/news/gold-mine-foreign-ownership-would-rise-if-newmont-deal-proceeds/102055926A mining analyst says foreign ownership of Australia's gold industry would rise above 50 per cent if a $24.4 billion takeover bid for the country's biggest producer is successful.Australia's gold industry in 2022 produced a combined 313 tonnes of gold, worth $26 billion
The result, worth about $26 billion, was down slightly from 315 tonnes in 2021 and a record 327 tonnes in 2020. "The provision of this information is subject to certain conditions including signing of an appropriate non-disclosure agreement. Dr Close said further changes in exchange rates, amid increasing interest rates worldwide, could see further corporate activity in the Australian gold space.
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