Barrick Gold made an $18 billion hostile takeover offer for Newmont Mining in order to create the world's largest gold miner.
Why it matters: This would be the endgame for what has been a stunningly swift consolidation of the gold mining sector. Barrick last fall bought Rangold for $6.5 billion, creating the world's largest gold miner. Then, just last month, Newmont agreed to buy Goldcorp for $10 billion in order to create ... well, you guessed it. At the time of that last deal we wrote: "Your move Barrick."