Newcrest takes over day-to-day running of Lihir Gold

Australia’s largest gold producer, Newcrest Mining, on Monday officially assumed the day-to-day management of Lihir Gold Limited (LGL), which it bought in a $9,5bn deal. The combined group is now the fourth-largest gold company in the world by...

Lihir reports higher profit on strong gold prices, higher output

ASX-listed gold producer Lihir Gold (LGL), which is merging with Newcrest Mining, increased its underlying profit by 17% in the first six months of the year, on the back of higher prices and sold gold production, MD Graeme Hunt reported on...

Lihir Gold says PNG expansion to over 1Moz/y on schedule

Australia-listed Lihir Gold would complete the expansion project at its Lihir Island operations, in Papua New Guinea, in 2011, lifting its flagship mine’s production capacity to over one-million ounces a year. The company, which is merging with...

Lihir downgrades Bonikro reserve estimate

Gold producer Lihir on Monday downgraded its reserve estimate at the Bonikro operation, in Cote d’Ivoire. Total ore reserves have now been estimated at 760 000 oz, compared with the previous reserve estimate of 930 000 oz. The company said in a...

Lihir expects 40% gold production increase by 2012

Lihir Gold, an Australian miner with operations in Papua New Guinea, West Africa and Queensland, expects total gold output to increase by 40% in the next two years. CEO Graeme Hunt said in a conference call that expansion plans at its flagship...

Podcast - July 18, 2007

In this podcast: South Africa’s monthly gold output increases for the first time in nine months; Shifting ore mix hits platinum recovery at Lonmin's concentrators; and BHP Billiton creates a focused uranium unit in a corporate reshuffle.

BHP Billiton creates uranium unit in corporate reshuffle

Diversified miner BHP Billiton has created a separate unit for its uranium assets and reshuffled its management team as part of the company's succession plan for when South African-born Marius Kloppers succeeds Chip Goodyear as CEO in October.

BHP buys stake in Guinea bauxite project

Diversified miner BHP Billiton has acquired a 33,3% stake in Global Alumina's Sangaredi refinery project, in Guinea, for $140-million, the company said over the weekend.

BHP in $1,3bn spend to increase iron-ore output

The world's largest diversified miner BHP Billiton yesterday announced approval for a $1,3bn growth project to push output at its Western Australia iron-ore mine by 20-million tons.

South Africans to lead giant's coal units

Mining group BHP Billiton yesterday announced the appointment of Dave Murray to a new position of president for BHP Billiton Metallurgical Coal and the appointment of Mahomed Seedat as president of BHP Billiton Energy Coal.

Acquisitive growth still core to strategy – Goodyear

The world's largest diversified miner, BHP Billiton, said yesterday it was looking for acquisitions, but would be careful not to pay too much.

$564m iron-ore project for Oz

Diversified miner BHP Billiton unveiled a $564-million plan to develop a new iron-ore mine backed by South Korean steel maker Posco and expand its port facilities to seal its place as a world iron-ore giant.