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 (the last day for trading of Lihir Gold shares was August 30, 2010).
Since 1970, the mining industry has dominated PNG’s economy. Mineral exports are gold, copper, silver, nickel and cobalt. PNG mines are spread across the country, the largest of which include: Ok Tedi Copper and Gold Mine, Porgera Gold Mine, Lihir Gold Mine, Hidden Valley Gold Mine, Simberi Gold Mine, Tolukuma Gold Mine and Ramu Nickel Mine.
Large-Scale Mining Operations in Papua New Guinea A large-scale mining operation is here defined, for the sake of argument, as one that produces mineral commodities with an average value of more than US$100 million a year for a period of at least ten years.
Plan for largest mine in Papua New Guinea history 'appears to disregard human rights', UN says. This article is more than 5 months old. The Chinese-backed gold, silver and copper mine at Frieda .
The mine is located on Mt. Fubilan, in the headwaters of the Ok Tedi River, as a joint ownership between Broken Hill Proprietary Company (BHP) (52%), the Papua New Guinea state (30%) and Canadian miner Inmet (18%). 1 Having originally opened for gold extraction in 1984, the operation diversified into copper production 3 years later.
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