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 · Korea has a long history of gold mining but it was mainly small placer mines. All of that changed, however, in the late 19th century when gold mining concessions were granted to foreigners – the largest being the American-owned Oriental Consolidated Mining Co. in northern Korea.

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Placer Dome Gold Mine Mining Technology Mining In early 2006, Barrick Gold Corp acquired Placer Dome in a US$104bn takeover, thereby acquiring its interest in Porgera, in which Placer had increased its own holding from 50% during 2002 following its takeover of Aurion Gold Ltd Porgera was initially an underground operation, with openpit mining becoming increasingly important from 1993

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