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  September 5, 2001
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Home > Company Index > Metals & Mining > Gold & Silver & Other Precious Metals > Lihir Gold Limited

Lihir Gold Limited
Nasdaq: LIHRY
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 PROFILE
Lihir Gold is stuck between volcanic rock and a hot spot. The company, an associate of mining giant Rio Tinto, operates a gold mine on Lihir Island, a volcanic island that is part of Papua New Guinea. Lihir Island contains one of the world's largest gold bodies; Lihir's reserves represent more than 13 million ounces. Plant modifications -- particularly in the company's autoclaves (used to extract gold from ore) and a heat recovery project that will allow ore containing lower sulphur grades to be treated more efficiently -- are improving Lihir's production. In 2000 the company merged with Niugini Mining; at that time Rio Tinto's stake in Lihir was reduced to about 16%.

 COMPETITION
AngloGold Limited (AU)
Barrick Gold Corporation (ABX)
Freeport-McMoRan Copper & Gold Inc. (FCX)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 206.60
1-Yr. Sales Growth: 11.9%
Employees: 3,700
Revenue per employee: $55,837.84

 KEY PEOPLE
• Alan Roberts
    CEO
• Ross Letten
    CFO

 CONTACT INFO
Pacific Place, 7th Fl., Champion Parade, Musgrave St.
Port Moresby, Papua New Guinea
Phone: 675-321-7711
Fax: 675-321-4705
Online: Web Site

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