Lihir expects 40% gold production increase by 2012
Lihir Gold, an Australian miner with operations in Papua New Guinea, West Africa and Queensland, expects total gold output to increase by 40% in the next two years. CEO Graeme Hunt said in a conference call that expansion plans at its flagship Lihir Island operations, in Papua New Guinea, as well as the expansions on its West African operations, would lift production to 1,45-million ounces a year, compared with the current capacity of one-million ounces a year