The combined company is expected to produce 6-7 million ounces of gold over the next ten years. :
Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world's biggest gold producer by output. The deal is the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September last year to cut costs. The gold mining industry has come under fire from investors in recent months for poor management of capital.