Who owns Lihir goldmine?
Newcrest Mining
The gold mine was managed by a subsidiary of Rio Tinto until late 2005, and the operatorship was then handed over to Lihir Gold. Australian miner Newcrest Mining acquired Lihir Gold in a $9bn deal in 2010.
What is the governing body of Lihir gold mine?
Lihir Mining Area Landowners Association (LMALA) LMALA is the key representative organisation for Lihirians who own land within the Special Mining Lease Zone.
Which company operates Lihir mine?
Newcrest Mining Limited
Newcrest Mining Limited is one of the largest companies on the Port Moresby stock exchange, and amongst the biggest miners in PNG with its Lihir Gold Mine in New Ireland Province. Newcrest has owned and operated Lihir since 2010.
When did Lihir began gold production?
Construction began in 1995, and by 1997 the processing plant at the Putput site was complete and the mine celebrated its first gold pour on 25 May 1997 at exactly 1.20 pm. Between 1997 and 2008, the annual gold production increased from 232 697 ounces to over 700 000 ounces.
Is Lihir mine still operating?
active extinct volcanic crater. Lihir achieved the target of an annualised 15mtpa sustainable mill throughput rate in the June 2019 quarter.
What is the world’s most gold rich island?
The mine is operated by Newcrest Mining Limited. The mine holds one of the world’s largest gold resources (46 million ounces)….Lihir Island.
| Native name: Niolam | |
|---|---|
| Archipelago | Bismarck Archipelago |
| Total islands | 4 |
| Major islands | 1 |
| Length | 22 km (13.7 mi) |
Who owns Ok Tedi mine?
Ownership. OTML is a 100 percent Papua New Guinea (PNG) owned entity with 67 percent direct shareholding by the Independent State of PNG and the people of Western Province holding a 33 percent interest. 100% of the benefits from its operations are distributed to the people of Western Province and the State.
Which island is rich in gold?
The mine is operated by Newcrest Mining Limited. The mine holds one of the world’s largest gold resources (46 million ounces)….Lihir Island.
| Native name: Niolam | |
|---|---|
| Width | 14.6 km (9.07 mi) |
| Highest elevation | 700 m (2300 ft) |
| Administration | |
| Papua New Guinea |
Which province is Lihir gold mine?
New Ireland Province of Papua New Guinea
The Lihir Gold Mine is located on Niolam Island, 900 kilometres north-east of Port Moresby in the New Ireland Province of Papua New Guinea (PNG). The Lihir Gold Mine consists of three linked open pits, Minifie, Lienetz and Kapit, that will be mined over the life of the project.
When did Newcrest acquire Lihir?
August 23, 2010
On Monday August 23, 2010 the A$9.5 billion takeover offer by Newcrest Mining was approved after 99.86% of Lihir Gold Shareholders voted in favour of it.
Who owns Newcrest?
Newmont Mining Corporation initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pty Ltd. in 1980 and in 1990 acquired 100 per cent of Australmin Holdings Ltd….Newcrest Mining.
| Type | Public |
|---|---|
| Website | www.newcrest.com.au |
Where is the richest gold mine in the world?
Richest gold mine measured by gold grade in reserves is Macassa underground gold mine, Ontario, Canada, owned by Kirkland Lake Gold. Macassa is part of one of Canada’s oldest and richest systems.
What does Lihir Gold Limited mean?
Company Description: LIHIR GOLD LIMITED is located in Melbourne, VICTORIA, Australia and is part of the Metal Ore Mining Industry. LIHIR GOLD LIMITED has 56 total employees across all of its locations and generates $1.21 billion in sales (USD). (Employees figure is modelled). There are 4 companies in the LIHIR GOLD LIMITED corporate family.
Where can I find the Lihir Gold Annual Report?
The Lihir Gold annual report is available on our website at www.lihir.com.pg/reports/annual.htm Electing to view the report online, rather than receiving a printed copy, has cost and environmental benefits. It is also quick and easy to access.
When did Peter Cassidy buy shares in Lihir Gold?
Peter Cassidy acquired 10,000 shares in the company on-market on 27 May 2003, and a further 3,225 shares on 23 January 2004 pursuant to the share purchase plan. 38 Lihir Gold Annual Report 2003
Why did Lihir sell its shares?
He said the sale of shares provided the much-needed funds to implement projects that would enable the company to take advantage of Lihir’s world-class orebody.