Lihir mine, Papua New Guinea

An openpit mine, situated in Papua New Guinea.

Newcrest cuts full-year production guidance by 6%

Australia's Newcrest Mining , the world's third-largest gold producer, on Monday cut its full-year output guidance by around 6 percent, citing disruptions and lower grade ore at mines in Papua New Guinea and Australia. Newcrest said it now...

Newcrest trims FY guidance, to resume mining in Côte d'Ivoire

Australia’s largest gold producer Newcrest has lowered its gold and copper production forecast for the 2010/11 financial year because of heavy rainfall in Australia and the suspension of mining in the Côte d'Ivoire. The gold production...

Newcrest Mining says to boost gold output

Australia's Newcrest Mining expects to boost gold output to 3,75-million ounces in fiscal year 2014 from 2,74-million ounces in 2010, an executive said on Tuesday. Geoff Day, chief operating officer offshore operations, made the forecast at a...

Lihir merger gives Newcrest output a boost

Australia’s largest gold producer, Newcrest Mining, increased its gold output in the September quarter by more than 140 000 oz with the introduction of production from the Lihir operations. Gold production jumped nearly 29% to 674 219 oz,...

Company supplies 
alignment-free 
drives

Power and control solutions company Bonfiglioli says it has supplied its alignment-free drives to materials-handling company ThyssenKrupp for discharge and spillage conveyors for use at global gold company Lihir Gold Limited’s process plant...

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...

A$9,5bn Newcrest-Lihir deal clears final hurdle

The proposed merger between gold major Newcrest Mining and ASX-listed Lihir Gold (LGL) has been given the final go ahead, after the National Court of Papua New Guinea approved the deal. On Monday, LGL shareholders voted overwhelmingly in favour...

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 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...

Lihir to sell Victoria project, output hits 1Moz

Australian gold producer Lihir on Thursday reported that it had, for the fourth year in a row, delivered a record annual production and said that it would sell the Ballarat project in Victoria. Interim CEO Phil Baker said that total output...