Lihir

Lihir Gold Limited (LGL) is engaged in the production, exploration and the development of gold mining properties in Papua New Guinea, West Africa and Australia. The Company’s operations included Lihir, Papua New Guinea; Mt Rawdon, Queensland, Australia; Bonikro, Cote d’Ivoire, and Ballarat, Victoria, Australia. During the year ended December 31, 2009, the production at Lihir Island totaled 853,391ounces (ozs). In Cote d’Ivoire, the Bonikro mine produced 150,023 ozs. Its subsidiaries include Niugini Mining Limited, Niugini Mining Australia Pty Ltd, Lihir Management Company Limited, Lihir Business Development Limited, Lihir Services Australia Pty Limited, Lihir Australian Holdings Pty Ltd, Ballarat Goldfields Pty Ltd and New Resource Pty Ltd. During 2009, the Company discontinued its Ballarat operation. http://www.lglgold.com/

Newcrest Mining Books Record Six-Month Profit

Newcrest Mining Ltd., Australia's largest gold and copper mining company, said Friday profits in the second half of last year shot up 50 percent to a record level on sharply higher gold and copper prices.

Newcrest Mining Plans Focus on Asia

Newcrest Mining , the world's No.3 gold miner, plans to focus on expanding in Asia, where it will spend A$9 billion ($9.3 billion) to boost its gold output by 50 percent over the next five years.

Newcrest wins over Lihir with $8.5 billion offer

Australia's top gold miner, Newcrest Mining , agreed a $8.5 billion takeover of Lihir Gold on Tuesday, signaling a hunger for foreign income among local miners after Canberra hit them with a new tax.

Lihir bows to $8.8 billion offer from Newcrest

Australia's top gold miner, Newcrest Mining , raised its offer for local rival Lihir Gold to $8.8 billion, winning the support of its target to create the world's 4th-largest listed gold miner.