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 (last day for trading of Lihir Gold shares was August 30, 2010). [1] Australian economist Ross Garnaut served as Lihir's chairman from 1995 to 2010. [2] [3]
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. [4] The takeover received national court of Papua New Guinea approval on August 28, 2010. [5]
The acquisition made Newcrest Mining the worlds fifth-largest gold producer with a production of 2.8 million ounces of gold (2009 combined production of the 2 companies). [6]
The Toronto Stock Exchange (TSX) is a stock exchange in Toronto, Ontario, Canada. It is the 9th largest exchange in the world by market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities. A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exchange than any other stock exchange.
Vale Canada Limited is a wholly owned subsidiary of the Brazilian mining company Vale. Vale's nickel mining and metals division is headquartered in Toronto, Ontario, Canada. It produces nickel, copper, cobalt, platinum, rhodium, ruthenium, iridium, gold, and silver. Prior to being purchased by CVRD in 2006, Inco was the world's second largest producer of nickel, and the third largest mining company outside South Africa and Russia of platinum group metals. It was also a charter member of the 30-stock Dow Jones Industrial Average formed on October 1, 1928.
Barrick Gold Corporation is the second-largest gold mining company in the world, with its headquarters in Toronto, Canada. The company has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia,Tanzania, the United States and Zambia. In 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. As of December 31, 2019, the company had 71 million ounces of proven and probable gold reserves.
Placer Dome Inc. was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada.
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation. Newmont Mining Corporation initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pty Ltd. in 1980 and in 1990 acquired 100% of Australmin Holdings Ltd. taking the current name.
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. It was a major producer of coal, copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. It had operations in 19 countries across Africa, Asia, Australasia, Europe, North America and South America.
Inmet Mining Corporation was a mining company headquartered in Toronto. In 2013, the company was acquired by First Quantum Minerals.
Mining in PNG is an important part of the Papua New Guinea economy.
Ross Gregory Garnaut is a distinguished professor of economics at the Australian National University and both a vice-chancellor's fellow and professorial fellow of economics at the University of Melbourne.
Uranium One Inc. is a Canadian uranium mining company with headquarters in Toronto, Ontario. Since 2013 it is a wholly owned subsidiary of the Russian state-owned nuclear corporation Rosatom. The sale to Rosatom triggered a series of right-wing accusations and conspiracy theories; no evidence of wrongdoing has been found.
The Telfer Mine is a copper and gold mine located at Telfer, in the Great Sandy Desert of Western Australia. It is owned by Newcrest Mining, Australia's largest gold producer.
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.
The South Kalgoorlie Gold Mine is a gold mine located south-west of Kalgoorlie, Western Australia. The mine is sometimes also referred to as South Kal Mines - New Celebration, being a merger of the former New Celebration Gold Mine and the Jubilee Gold Mine, which were combined in 2002.
Red Back Mining Inc. is an unhedged Vancouver based mineral resource company. Its focus is West Africa where it operates the Chirano Gold Project in Ghana and the Tasiast Gold Mine in Mauritania. It has one division, Red Back Mining NL, based in Perth, Australia. While independent it was considered one of Canada's Largest gold companies with a market capitalization of $ 5.8 billion or 3/4 as much as the 10th largest gold mining company in the world however at the time its key mines hadn't yet reached full potential or critical mass.
Detour Gold Corporation is a former Canadian gold mining company that owned and operated the Detour Lake Mine in the Abitibi gold belt of northeastern Ontario. Located northeast of Timmins and Cochrane, Ontario, near the Quebec border, the mine was operated by Placer Dome between 1983 and 1999, recovering 1.8 million ounces of gold in that time, and maintained as an exploration property by Pelangio Mines Inc. until 2006 when a group of investors formed the Detour Gold Corporation to develop a new mine. An initial public offering on the Toronto Stock Exchange on January 31, 2007, as well well as several subsequent offerings, raised sufficient funds to develop the mine, so that it began production in 2013. Its low grade concentrations necessitated an open pit mine with cyanidation and carbon in pulp processing. Between 2014 and 2019 the mine produced between 500,000 and 600,000 ounces of gold each year. In 2020, following a proxy fight with activist shareholder Paulson & Co., the mine and the company were acquired by Kirkland Lake Gold in an all-stock purchase totaling $4.9 billion.
Anvil Mining is a copper producer that has been operating in the Democratic Republic of the Congo (DRC) since 2002. The company headquarters are in Montreal, Quebec, Canada. Anvil is listed on the Toronto Stock Exchange and the Australian Stock Exchange. As of September 2011 its major shareholder was Trafigura Beheer.
Jowdat Waheed is a senior Canadian mining executive and Chartered Financial Analyst. Waheed worked as Chief Executive Officer of mining company Sherritt. He resigned, for personal reasons, in 2009.
Restaurant Brands International Inc. (RBI) is a Canadian multinational fast food holding company. Formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the 2017 purchase of American fast food chain Popeyes Louisiana Kitchen, the company is the fifth-largest operator of fast food restaurants in the world behind Subway, McDonald's, Starbucks and Yum! Brands. The company is based alongside Tim Hortons in Toronto, but Burger King and Popeyes retain their existing operations and headquarters, both in Miami. The 2014 merger focused primarily on expanding the international reach of the Tim Hortons brand, and providing financial efficiencies for both companies.
Ian Telfer is a British-born Canadian mining executive, entrepreneur and former Chairman of Goldcorp Inc. Besides leading Goldcorp, he is known for founding and leading other Canadian mining companies, including TVX Gold, Silver Wheaton Corp., and Uranium One, as well as for his philanthropic efforts that include a donation of $25 million to the University of Ottawa's School of Management, now the Telfer School of Management.
Lady Winifred (Winnie) Tare Kamit is a Papua New Guinean lawyer. In the 2006 Birthday Honours she was made a Commander of the Order of the British Empire for service to law, commerce and public administration.
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