Lihir Gold
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 Mining at the end of August 2010. Australian economist Ross Garnaut served as Lihir's chairman from 1995 to 2010.
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 Mining was approved after 99.86% of Lihir Gold Shareholders voted in favour of it. The takeover received national court of Papua New Guinea approval on August 28, 2010.
The acquisition made Newcrest Mining the world's fifth-largest gold producer with a production of 2.8 million ounces of gold.
