The Company

Lihir Gold Limited (LGL) is incorporated in Papua New Guinea (PNG) and is the owner and developer of the Lihir project located on Lihir Island. Lihir is based on one of the world's largest gold resources and is among the top gold producers in the world. LGL is managed by Lihir Management Company Ltd (LMC) a wholly owned subsidiary of Rio Tinto

Rio Tinto has a 17 per cent beneficial interest in Lihir Gold Limited, the company formed by the original joint venture partners to raise the finance for and develop the large gold deposit on Lihir Island in Papua New Guinea. Following the approval of the Proposal for Development and the issue of a Special Mining lease by the PNG Government, the people of Lihir Island signed a comprehensive benefits package in April 1995. Full construction of the Rio Tinto managed project started after debt and equity financing of Lihir Gold was completed in October 1995.

 The Product

Gold is a vital part of the most advanced technologies because of its unique properties. It conducts electricity, resists corrosion and reflects infrared or "heat" energy. Gold is one of the most malleable metals and can be shaped into thin sheets and wires.

Gold is used in high-tech, safety related applications such as air bag sensors. It is an essential element in medical and dental equipment, scientific and electronic instruments, computer circuit boards and defense weapons systems.