Taking a second look at a Newcrest inquisition

Newcrest Mining's leadership is under fire for the $5 billion-plus writedowns on assets associated with the Lihir takeover. But, in context, that deal remains pretty good value.

One of the curious aspects of the response to Newcrest Mining’s recent announcement of some massive writedowns of asset values has been the call for blood to be shed as a result.

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