Newcrest not considering exiting Lihir

NEWCREST Mining CEO Sandeep Biswas says the sale or closure of the troubled Lihir mine in Papua New Guinea are not options under consideration as the company advances a review of the asset.

Newcrest not considering exiting Lihir Newcrest not considering exiting Lihir Newcrest not considering exiting Lihir Newcrest not considering exiting Lihir Newcrest not considering exiting Lihir

Today Newcrest wrote down Lihir’s carrying value to $A5.4 billion from $7.6 billion, which contributed to the company’s full-year loss of $2.2 billion.