Newcrest Mining Ltd (NCM.AX), Australia's top gold miner, raised A$750 million ($472 million) in a share placement, the company said in a statement on Tuesday.

The funds raised will be used to repay part of its debt and accelerate mine development. The company expanded the size of the offering from the A$500 million initially planned due to strong demand. ($1=A$1.59) (Reporting by Denny Thomas)© Thomson Reuters 2009 All rights reserved