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2003
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31 December 2003 - New Ireland community mourns death of a revered leader
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Over a thousand mourners have paid tribute to the late Mesulam Aisoli, a revered leader in the New Ireland community and one of Lihir Gold’s longest serving community relations officers.
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11 December 2003 - New Chief Financial Officer
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Lihir Gold Limited announces that Paul Fulton will assume the role of Chief Financial Officer/ General Manager Financial & Commercial in January 2004, replacing Nick Lambeth who wishes to return to Australia
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11 December 2003 - PNG professional recognised internationally
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A mining professional at Lihir Gold is to join the ranks of only a select few locally-educated mine engineers to secure an engineering job overseas.
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10 December 2003 - Study to investigate socio-environmental impact in PNG's resource communities
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The Australian Research Council (ARC) has awarded a grant of K150,000, over three years, for a research project on the socio-environmental impact of mining in Papua New Guinea’s resource communities of Lihir and Simberi in New Ireland Province, and Misima in Milne Bay Province.
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2 December 2003 - Young Lihirian logs on to a career in computers
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With a touch of the keyboard, young Lihir islander, Martina Laimo, made local history by becoming Lihir Gold Limited’s first-ever computer trainee.
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21 November 2003 - Kapsa wins consecutive LMC Apprentice Award
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YOUNG Masahet Islander Jacob Kapsamasan is this year’s LMC Apprentice-of-the-Year.
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19 November 2003 - Lihir Gold issues 140 million shares
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Lihir Gold Limited (Lihir) is pleased to announce that 140 million ordinary shares were issued today pursuant to the placement successfully completed last week.
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12 November 2003 - Capital raising
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Lihir Gold Limited (Lihir) announces that it is raising A$210 million (approximately equivalent to $US150 million and PGK525 million) in new capital by way of an underwritten institutional placement to Australian and offshore investors (the Placement). The Company also intends to implement a Share Purchase Plan (SPP) for existing shareholders in Australia, New Zealand and Papua New Guinea which would raise a further $US10-20 million assuming usual participation rates.
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29 October 2003 - Lihir's medical facilities and services impress
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Visiting Australian nurse manager and senior midwife, Deb Matha, from Sydney’s Sutherland Hospital, has commended Lihir’s medical centre in New Ireland Province, for its proactive approach to health care and its quality facilities.
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25 October 2003 - Lihir prepares for birdwatching weekend
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Interest in bird watching on Lihir is rising, as the island community prepares itself for an exciting weekend of bird watching. The bird watching event will be Lihir’s fourth and is part of a global Rio Tinto initiative.
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23 October 2003 - Trial project brings solar powered electricity into village homes
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New Ireland-based gold miner, Lihir Gold Limited, has commissioned a trial project to bring solar-powered electricity to the homes of villagers on Mali Island, in the Lihir Group of Islands. The K164,000 project, which is part of Lihir Gold’s community development program, will initially see six houses being installed with solar power systems.
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8 October 2003 - First Lihirians appointed as power station operators
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Two Lihirian trainees have made history by becoming the first-ever Lihirian power station operators. Employed at Lihir Gold Limited’s power station, the move is part of the gold miner’s localisation program, which is in line with PNG National Government and local-landowner aspirations.
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6 October 2003 - Bird watching takes off on Lihir
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The 2003 annual Rio Tinto/BirdLife International bird watching program will be in full flight on Lihir Island, on Lihir Island, New Ireland Province, on 7 October, with activities including student awareness sessions and a bird watching weekend.
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1 September 2003 - Farm trials seek solutions to improve soil fertility
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Gold company Lihir Gold is working with scientists and Lihirian farmers on a series of trials that aim to find practical solutions to maintaining traditional agricultural knowledge and improving soil fertility.
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29 August 2003 - Company Secretary change
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The Company announces that Mr Rodney Antal has resigned as Company Secretary of Lihir Gold Limited and Mark Laurie has been appointed to replace him.
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20 August 2003 - New buses bring multiple benefits for Lihirians
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An agreement between gold company Lihir Gold Limited and local level government will see the Lihirian community benefit in more ways than one from the company’s recent delivery of 11 buses.
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20 August 2003 - PNG Chamber of Mines and Petroleum welcomes phasing out of mining levy
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The PNG Chamber of Mines and Petroleum has welcomed the National Executive Council’s decision to phase out the mining levy as announced by Acting Prime Minister Dr Allan Marat.
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8 August 2003 - Unscheduled plant maintenance
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A minor leak in the CCD thickener circuit in the process plant has been identified and investigated. Production has been interrupted but will be progressively brought back on line from Sunday morning. Impact on full year gold production and costs will be minimal.
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7 July 2003 - EQI: Restructure of gold hedge book and repayment of secured debt
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Key Points - Closure of 206,864 ounces of gold hedging.
- Hedging reduced to 441,864 ounces, less than 33% of gold reserves.
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23 June 2003 - A tale with a happy ending
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Students from Sekunkun Primary School on Lihir Island in the New Ireland Province of Papua New Guinea have every reason to believe that dreams can come true. Thanks to the generosity of Australians and gold mining company Lihir Gold Limited, their previously empty library is now filled with over 2,000 books.
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5 June 2003 - Plant in production
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We are pleased to advise that the repairs to the grinding mill motor winding failure, together with other planned maintenance that was brought forward, have been completed on schedule.
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27 May 2003 - Unscheduled Plant Maintenance
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Following a grinding mill motor winding failure, there will be an estimated 10-day outage of Lihir Gold’s processing plant while repairs take place.
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15 May 2003 - Village court system revived on Lihir
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The village court system on Lihir Island has been revived, following a refresher course for twenty seven village court officials.
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29 April 2003 - Lihir Gold Limited Inaugural Dividend
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Lihir is pleased to announce the payment of an inaugural dividend of AUD Two (2) cents per ordinary share.
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28 April 2003 - Lihirian Equity Issue Resolved
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An agreement to assist Mineral Resources Limited (MRL) to repay a multi-million Kina loan, made to buy shares in Lihir Gold Limited, has been reached. This follows 12 months of negotiations between the State, the Lihir Joint Negotiating Committee and Mineral Resources Lihir, which holds shares in trust on behalf of Lihirians.
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16 April 2003 - First Geothermal Power Station in PNG
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Gold company Lihir Gold Limited is turning its vast geothermal resource into an opportunity. In April, the company started commissioning a 6MW geothermal power station, the first in Papua New Guinea to use natural geothermal energy for the generation of electricity.
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4 April 2003 - EQI: Appointment of Director
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The board of Equigold NL has today appointed Mr Mark Clark as a director of the Company.
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20 March 2003 - Lihir Gold Limited 2002 Annual Report and Notice of Meeting
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Lihir is pleased to announce that the 2002 Annual Report and Notice of Annual General Meeting has been mailed to shareholders.
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28 January 2003 - Appointment of Lihir Gold Limited Director
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At a meeting of directors held on 22 January 2003, Peter William Cassidy (57) BSc (Eng), PhD C.Eng, was appointed as a Director of Lihir Gold Limited effective 28 January 2003.
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25 February 2003 - Change in Lihir Gold Limited Board
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Following the announcement that Jonathan Leslie will be leaving Rio Tinto, he will be resigning as a Director of Lihir Gold Limited. John O’Reilly who is currently Mr Leslie’s alternate, and a former CEO and Director of Lihir Gold Limited, has been appointed as a Director to replace him.
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25 February 2003 - 2002 Full Year Financial Results & Operations Update
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Lihir recorded a profit before tax for the year of US$69.7 million. Excluding asset impairment write back and a negative gold lease rate adjustment for the half-year, profit before tax was US$34.3 million.
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28 January 2003 - Lihir announces a significant increase in resource and reserves
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Total resource increase by 6.5 million ounces (+19%) to41.1 million ounces.Total Reserves increase by 2.2 million ounces (+15%) to 16.7 million ounces.Continuity of mineralisation between Lienetz and Kapit confirms potential for further increase in ore reserves.
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28 January 2003 - Lihir Gold confirms boost in gold reserves and resource
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Gold producer, Lihir Gold Limited, today released its quarterly results announcing a 2.2 million ounce increase in reserves. In addition, the discovery of new areas of high-grade extensions has substantially boosted the company’s resource base by 6.5 million ounces. These results confirm Lihir’s status as one of the world’s premier gold deposits.
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