SHOWCASE GOLD MINE OF THE WEEK - LIHIR!!

Lihir gold mine, located 900km north-east of Port Moresby in the New Ireland Province of Papua New Guinea (PNG), currently ranks as the third largest gold mine in the world. The in-situ gold reserve at the mine as of December 2012 was estimated at 32.7Moz (480Mt grading 2.1g/t gold). The gold mine has been in production since 1997. It is owned and operated by Lihir Gold Limited (LGL), which was merged with Newcrest Mining in August 2010. Newcrest Mining currently owns and operates the Lihir gold mine. The ore extracted from Lihir is mostly treated through pressure oxidation and conventional leach processes. The mine produced 649,340oz of gold in the financial year ending June 2013. Newcrest commissioned a major expansion of the Lihir processing plant in the beginning of 2013. The annual gold production of Lihir is expected to reach 1.2Moz in future - Mining Technology.

To view the mine in Google Earth, kindly click on the link below:

"https://earth.app.goo.gl/T6gz1n"