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Lihir Gold Limited was a gold mining company with operations in Papua New Guinea, Australia and West Africa.. The company, incorporated in Papua New Guinea in June 1995, and named Lihir as its first project was to raise capital to build the Lihir Island gold mine was merged with Newcrest at the end of August 2010 (last day for trading of Lihir Gold shares was August 30, 2010). [1]
Australian economist Ross Garnaut served as Lihir's chairman from 1995 to 2010. [11] [12] Merger talks were first made known in April 2010, with an announcement by Newcrest Mining. On Monday August 23, 2010 the A$9.5 billion takeover offer by Newcrest was approved after 99.86% of Lihir Gold Shareholders voted in favour of it. [13]
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Number Name of mine Production (Location Citations 1: Olimpiada mine: 1,998,000 Russia [1]2: Grasberg mine: 1,798,000 Indonesia [2]3: Muruntau mine: 1,700,000 Uzbekistan
In August 2010, the deal was approved by Lihir shareholders (99.86%), and by the end of the month by the national court of Papua New Guinea (PNG), clearing the way for the deal. [5] [6] Under the deal worth US$9.45 billion, Newcrest will give Lihir shareholders 0.12 Newcrest shares, plus A$0.225 per Lihir share. As of 2015, Newcrest was the ...
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Total production cash costs were up 4.1% industrywide in the third quarter of 2010 to US$585 per ounce of gold mined. [6] The lower price of gold in 2013 is expected to impact gold production in the coming years; Barrick Gold is slowing construction at one of its largest gold projects Pascua Lama (18 m ounces of gold, 676 m ounces of silver ...
The Lihir mine is one of the largest gold mines in Papua New Guinea and in the world. [1] The mine is located in the north-east of the country in New Ireland Province ...