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News
News

Stay up to date with the latest news from LGL through our company press releases.

2010
6 September 2010 - Newcrest VWAP

Lihir Gold Ltd (“LGL”) advises that for the purpose of calculating the entitlements of LGL shareholders who elected 'Maximum Share Consideration' or ' Maximum Cash Consideration' under the mix and match facility under the Scheme, the Newcrest VWAP is A$37.86.

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30 August 2010 - Suspension of trading in LGL’s American Depositary Share program

Lihir Gold Limited ("LGL") today announced that trading on NASDAQ in LGL’s American Depositary Shares (represented by American Depositary Receipts or "ADRs") will be suspended prior to the opening of trading on Monday, 30 August 2010 (New York time) and that LGL intends to withdraw the listing of the ADRs and the underlying ordinary shares from NASDAQ. This follows the suspension of trading of LGL ordinary shares on the Australian Securities Exchange ("ASX") and the Port Moresby Stock Exchange ("POMSoX") from close of trading today, Monday, 30 August 2010 (Australian time).

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30 August 2010 - Scheme of Arrangement becomes effective

Lihir Gold Limited (“LGL”) today announces that, in accordance with the order issued by the National Court of Papua New Guinea on Friday, 27 August and pursuant to section 250(3) of the Companies Act of PNG, the Schema of Arrangements takes effect on and from today, 30 August 2010.

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30 August 2010 - Resignation of LGL’s Managing Director

Following last Friday’s decision of the National Court of Papua New Guinea which approved the Scheme of Arrangement by which Newcrest Mining Limited ("Newcrest") will acquire all of the issued shares of Lihir Gold Limited ("LGL"), Graeme Hunt has resigned as Managing Director and Chief Executive Officer effective 29 August 2010.

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27 August 2010 - National Court of Papua New Guinea Approves Scheme of Arrangement
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Lihir Gold Ltd (“LGL”) advises that the National Court of Papua New Guinea today approved the Scheme of Arrangement by which Newcrest Mining Ltd ("Newcrest") will acquire all of the issued shares of LGL (“the Scheme”). This follows the approval of the Scheme by LGL shareholders at the Scheme Meeting on 23 August 2010.

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23 August 2010 - LGL Shareholders Approve Scheme of Arrangement
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Lihir Gold Ltd (“LGL”) is pleased to advise that shareholders today approved the Scheme of Arrangement by which, subject to the approval of the Scheme by the National Court of Papua New Guinea (“PNG Court”), Newcrest Mining Ltd (“Newcrest”) will acquire all of the issued shares of LGL (“the Scheme”).

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23 August 2010 - LGL shareholders approve Newcrest merger
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Lihir Gold Limited’s (LGL) shareholders have overwhelmingly approved a merger with Newcrest Mining Limited at a Scheme Meeting held today in Port Moresby, creating a pre-eminent new gold major in Papua New Guinea.

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23 August 2010 - Chairman's Address, Scheme Meeting
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As you all will be aware, we are here today to consider the proposed merger of LGL with Australian gold miner Newcrest Mining Ltd, through a scheme of arrangement that was announced on May 4.

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22 July 2010 - LGL releases Scheme Booklet
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The Scheme booklet for the proposed merger of Lihir Gold Ltd (LGL) with Newcrest Mining Ltd has been released today.

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28 June 2010 - LGL to de-list from Toronto Stock Exchange
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Lihir Gold Limited’s Board of Directors has approved the de-listing of the company’s shares from the Toronto Stock Exchange (TSX).

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8 June 2010 - Merger Update
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Lihir Gold Ltd (LGL) notes today’s announcement by Newcrest Mining Ltd that it has completed its due diligence of LGL and that Newcrest is satisfied with the outcome of the process.

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31 May 2010 - Bonikro Reserves Update
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Lihir Gold Limited (LGL) has updated mineral reserves and resources at its Bonikro operation in Côte d’Ivoire.

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7 May 2010 - Ballarat sale concluded
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Lihir Gold Ltd (LGL) has today concluded the sale of the Ballarat project in Victoria to Castlemaine Goldfields Limited.

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5 May 2010 - Results of voting of 2010 Annual General Meeting
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In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, I confirm the resolutions put to shareholders at the company’s Annual General Meeting held in Port Moresby today were each passed by votes taken on a show of hands.

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5 May 2010 - PNG to benefit from LGL’s merger with Newcrest
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Papua New Guinea’s rich Lihir Island gold deposit had a great future as the jewel in the crown of the Asia Pacific’s pre-eminent gold company, according to Lihir Gold Ltd (LGL) Chairman Dr Ross Garnaut.

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4 May 2010 - Newcrest and Lihir enter into Merger Implementation Agreement
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Newcrest Mining Limited (“Newcrest”) and Lihir Gold Limited (“LGL”) today announced that they have entered into a Merger Implementation Agreement (“MIA”) under which it is proposed that Newcrest will acquire all of LGL’s ordinary shares under a Scheme of Arrangement.

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23 April 2010 - Solid first quarter enables LGL to lift full year production target
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Global gold company Lihir Gold Limited (LGL) has increased its full year group gold production guidance to 1 – 1.1 million ounces following solid first quarter output of 230,000 ounces.

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15 April 2010 - Letter to Shareholders
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Dear Shareholder, I am writing to let you know about some important developments for Lihir Gold Limited (¡§LGL¡¨) which were announced to the ASX on 1 April 2010, as well as to inform you of other steps your Board has taken in response to those developments.

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1 April 2010 - LGL appoints new CEO
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Leading gold miner Lihir Gold Ltd (LGL) has appointed former BHP senior executive Graeme Hunt as Managing Director and Chief Executive Officer.

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1 April 2010 - LGL rejects acquisition proposal from Newcrest Mining Ltd
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Lihir Gold Ltd (LGL) has today rejected an offer from Newcrest Mining Ltd to acquire 100% of LGL’s issued ordinary shares through a scheme of arrangement.

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23 March 2010 - LGL and City Mission commemorate World Water Day with new bore
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PNG gold producer Lihir Gold Limited (LGL) has partnered with the Port Moresby City Mission and Living Water to commission a new water bore which will directly improve the quality of life of more than 150 underprivileged young Papua New Guinean men in 2010.

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22 March 2010 - LGL shares included in FTSE Index
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Lihir Gold Ltd (LGL) shares have been included in key FTSE indices from the start of business today.

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5 March 2010 - LGL enters Ballarat sale agreement
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Lihir Gold Ltd (LGL) has entered into an agreement with Castlemaine Goldfields Limited for the sale of the Ballarat project in Victoria.

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1 March 2010 - LGL reveals strong growth plans
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Leading gold producer, Lihir Gold Ltd (LGL), has today released production targets for its mines for the next decade, revealing plans for significant increases in gold output.

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18 February 2010 - Key Dates for LGL Dividend Payment
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Lihir Gold Limited (LGL) declared a final dividend of US$0.015 (1.5 US cents) per ordinary share on 18 February 2010.

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18 February 2010 - LGL updates Mt Rawdon Reserves and Resources
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A higher gold price, reduced cut-off grade and adjusted cost assumptions have led to increased gold reserves at Lihir Gold Ltd’s Mt Rawdon operation in Queensland.


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18 February 2009 - LGL reports 57% jump in underlying profit
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Global gold producer Lihir Gold Limited (LGL) delivered record underlying profit* of US$290 million for the year ended 31 December 2009, up 57% on the prior year (2008: US$184 million).


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22 January 2010 - LGL joins ranks of 1 million ounce producers
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Global gold company Lihir Gold Limited (LGL) delivered its fourth successive year of record gold production in 2009, with output exceeding one million ounces for the first time in the company’s history.


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18 January 2010 - LGL CEO Arthur Hood Steps Down
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The Board of Directors of Lihir Gold Ltd (LGL) has accepted the resignation of the company’s chief executive Arthur Hood, chairman Ross Garnaut announced.

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