Ok tedi mining.

• Ok tedi mining oktedi. But, as subsequent Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Ok Tedi is a business focused on the safe and profitable development of its ore reserves for the benefit of PNG. About Us. The Ok Tedi Values that guide expected behaviours of all people in our Company are: 6 | ok tedi mining limited financial review 2019 ok tedi mining limited statements of changes in equity for the year ended 31 december 2019 consolidated company note ordinary shares k’000 retained earnings k’000 total k’000 retained earnings k’000 total k’000 balance at 1 january 2018 195,102 3,259,219 3,454,321 3,256,513 3,451,615 Oct 17, 2022 · With 10 years of mine life remaining, Ok Tedi Mining Limited (OTML) is committed to enabling a sustainable future for its 158 CMCA (Community Mine Continuation Agreement) communities post closure. Declining fish stocks: In the past, Ok Tedi’s reports revealed that fish stocks in the upper Ok Tedi had declined between 50% and 80% from pre-mining levels. Nov 18, 2024 · Prime Minister Hon. James Marape has congratulated Ok Tedi Mining Limited on its 40th anniversary while noting that the mine – on the verge of closure only a few years ago is now operational for another 25 years. Dec 12, 2024 · Ok Tedi operates a large-scale copper and gold mining and processing facility in the Western Province of Papua New Guinea, with ore mined from at an annual rate of 24 million tonnes. Mar 1, 2022 · Download: Download high-res image (914KB) Download: Download full-size image Fig. COMPANY PROFILE Nov 12, 2021 · Ok Tedi Mining Limited (OTML) has announced that applications for its 2022 Apprenticeship Training and Graduate Development Scheme (GDS) programs are now open. The company has been mining copper, gold and silver at Mt Fubilan open pit operations for over 35 years in the Western Province. It has a controversial history of environmental damage, social issues and nationalisation. This marks a significant milestone for OTML, its shareholders and for Papua New Guinea in general and is a sign of the confidence the Board has in the company’s ability to deliver over the next two decades. Jun 1, 2019 · Tailings from the Ok Tedi mine have been discharged into the river since the mid-1980s (Banks 2002), and Campbell and Beardall (2019) found that the mining waste released from Ok Tedi to the Fly Oct 10, 2024 · OK Tedi Mining Limited (OTML) is celebrating its 40th anniversary of operation, marking four decades of resilience and excellence in the mining industry in Papua New Guinea. Jun 22, 2023 · PNG's Ok Tedi Mining Limited (OTML) brings 100% of its sales revenue into the country and provides an average of more than US$600 Million in foreign currency annually into the Papua New Guinea market. Other factors contributing to the record revenue include […] 4 | OK TEDI MINING LIMITED ANNUAL REVIEW 2018 Ok Tedi Mining Limited (OTML, or the Company) is a proudly 100% owned Papua New Guinea (PNG) company. It's the culmination of the state's wider reorganization of its Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Chairman of the Board, Mr Jeffrey Innes said that Mr Ilimbit was appointed following an international search campaign and a thorough assessment of candidates. Since the late 1980s, Ok Tedi has Nov 8, 2022 · OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. Ok Tedi Mining Limited is a Papua New Guinean company that operates the Ok Tedi Mine in the Western Province. Fubilan copper-gold ore-body discovered in Papua New Guinea’s (PNG) Star Mountains, 16km east of the Ok Tedi Mining Limited (“OTML’) has successfully renewed its Special Mining Lease (SML) 1 (0), gaining an additional 20-year lease term from 2022 to 2042. The company also reported robust financial results, contributed to PNG's economy, and pursued its Growth 2050 Strategy for long-term sustainability and community partnerships. Females are strongly encouraged to apply. Common requirements. The OK Tedi Mining has several mining jobs. Dr. About 1,800 are Papua New Guinea citizens and 800 live within a 40-kilometer radius of the mine. Other highlights included K285 million in tax credit scheme, and K450 million in dividends for the year 2024. Jul 15, 2021 · The state's 67 percent stake in Ok Tedi Mining Limited has been transferred to Kumul Minerals Ok Tedi Limited (KMOTL). The final figure includes an interim dividend payment of K200 million made earlier in the year and a final dividend payment of K250 million set to be paid in December. The delegation from the Provincial Administration Mining Desk Team, visited from the 11th – 16th August, to understand the various aspects of the mine Find company research, competitor information, contact details & financial data for OK TEDI MINING LIMITED of Brisbane, QUEENSLAND. Ningerum and Atkamba are located in the Ok Tedi River region, Nukumba, Obo, Oxbow 4 and Oxbow 5 are located in the middle Fly River region, Ogwa, Burei Junction and Lewada are located in the lower Fly River reg The Ok Tedi Development Foundation Limited (OTDF) is a subsidiary of Ok Tedi Mining Limited and a non-profit, legal entity established to manage the development benefits and delivery of projects to the 157 villages in the Community Mine Continuation Agreement (CMCA) area of the Western Province and with consideration for the peoples of the Telefomin District, Sandaun Province. The Ok Tedi porphyry and skarn copper-gold deposits on Mount Fubilan (2053 mASL) are located in the Star Mountains of far western Papua New Guinea, 18 km east of the Indonesian border. How much do Ok Tedi Mining employees make? Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Sep 1, 2024 · Ok Tedi Mining Limited (OTML) is excited offer Corporation Scholarship Awards for 2025 to eligible undergraduate students. Managing Director & Chief Executive Officer, Kedi Ilimbit, announced the record revenue at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Although Prime Minister Marape could not Apr 26, 2024 · Papua New Guinea copper & gold mining major Ok Tedi Mining Ltd (OTML) has announced a record production result for the first quarter of 2024, with an achievement of 26,114 dry metric tonnes (dmt) of copper, marking a substantial increase of 61% compared to the same period last year which was 16,265 dmt. We also have a representative office in Port Moresby, PNG and a logistics facility in Brisbane, Australia. The company reported an outstanding achievement of 26,114 dry metric tonnes (dmt) of copper (Cu), marking a substantial increase of 61% compared to the same period last year, which stood at 16,265 dmt. It is also a sign of the confidence the board has in the company’s ability to deliver overRead More Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. > HV Electrical and Mechanical The Board of Ok Tedi Mining Limited has endorsed the appointment of Mark Stone as the Board Chairman, effective immediately. Learn about its history, environmental impact, women's network and more. Among many initiatives and programs in place that contribute to achieving this commitment is the focus on ensuring OTML’s Landowner Companies Oct 14, 2024 · Ok Tedi Mining Limited (OTML) is celebrating its 40th anniversary of operation, marking four decades of resilience and excellence in the mining industry in Papua New Guinea. OK TEDI MINING LIMITED FINANCIAL REVIEW 2022 | 3 INDEPENDENT AUDITOR’S REPORT TO THE SHAREHOLDERS OF OK TEDI MINING LIMITED REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS OF THE COMPANY AND THE GROUP OUR OPINION We have audited the financial statements of Ok Tedi Mining Limited (the Company), which comprise the The Board of Ok Tedi Mining Ltd (OTML) has appointed Mr Kedi Ilimbit as the Company’s Managing Director and Chief Executive Officer effective 17th April 2023. For over 140,000 local inhabitants across 165 villages, the Ok Tedi mining disaster destroyed our homes, livelihoods, and way of life. This report is the fourth report prepared according to the GRI Core General Standard Disclosures of reporting and the Mining and Metals Sector Aug 26, 2024 · Ok Tedi Mining Limited (OTML) hosted a delegation from the East Sepik Provincial Administration on a fact-finding mission to gain insights from the Ok Tedi operations to prepare for the upcoming Frieda River Project in the Sepik Region. The Ok Tedi mine is a major producer of copper concentrate containing gold and silver for the world smelting market in Germany, India, Korea, Japan and the Philippines. This is the second SML 1 (0) lease term extension for OTML. OTDF is mandated to ensure the wise and sustainable use of the wealth created from mining operations for future generations; something everyone at OTDF Sep 2, 2024 · Ok Tedi Mining Limited (OTML) will extend its contract with landowner company Fubilan Catering Services (FCS) for an additional five years. The report was prepared by RPA for Inmet Mining Corporation and describes the geology, exploration, mining operations, and mineral processing at the mine. Mt Fubilan is a rich coppergold-silver deposit with several phases of mineralisation centred on two intrusions, known as the Fubilan monzonite porphyry, located in the northern half or Centre Pit area and the Sydney Ok Tedi Mining Limited (OTML) is pleased to announce its exceptional performance results for 2024, showcasing yet another successful year of disciplined operational and financial excellence. Jobs: Ok Tedi Mining Limited (OTML) employs about 2,000 staff. Access Ok Tedi Mining Limited's email format and Ok Tedi Mining Limited staff directory for direct contact details of 2,970 employees. Sep 3, 2024 · Our client Ok Tedi Mining Limited has operated successfully in the Start Mountains of the Western Province, PNG for over 36 years. Ila Temu, made the announcement today. Mr Ilimbit was originally employed […] The Yonggom, a language and cultural group of around 4,500 living in the Lower Ok Tedi area, have been particularly hard hit from the impact of the mine. Nov 18, 2024 · Ok Tedi Mining Limited (OTML) Managing Director and Chief Executive Officer, Kedi Ilimbit announced a 2024 final dividend payment of PGK250 Million that will be paid in December, bringing the total dividends paid in 2024 to K450 Million. 9 billion) and an annual profit of about US$200 million (K786 million). Musje Werror, managing director and chief executive officer, spoke at the PNG Mining and Petroleum Conference and Exhibition in 2021. An updated mineral resource estimate is presented containing May 1, 1997 · The Ok Tedi gold and copper mine in Papua New Guinea has had a profound effect on the Fly River system through the discharge of mining waste (Hettler et al. Are you ready to take the next important step in your career with a world-class, 100% PNG-owned mining operation? Join us at Ok Tedi Mine, located in one of the most beautiful and challenging parts of the world, and become part of our success story. This is your chance to start a rewarding career with a world-class mining operation, set in one of the most picturesque locations in Papua New Guinea. Feb 17, 2011 · The mine is operated by Ok Tedi Mining Limited (OTML), a company jointly owned in the 1990s by the Australian mining company BHP, the PNG government, and Inmet Pty Ltd, a Canadian mining company. This mining pollution, caused by the collapse of the Ok Tedi tailings dam system in 1984 and the consequent switch to riverine disposal (disposal of tailings directly into the river) for several decades, was the subject of class action litigation brought by local landowners naming Ok Tedi Mining and BHP Billiton. Our registered office is located in Tabubil, Western Province, PNG. Sep 25, 2023 · The board of Ok Tedi Mining Limited (OTML) has expanded the mine life of its copper-silver-gold mine, Ok Tedi. Jul 20, 2011 · The OK Tedi Mine is an open cut copper operation located in Papua New Guinea, close to the headwaters of the OK Tedi River. The mine has produced 5. 1 Salary (for 1 job title) • Updated Jun 6, 2024. Ok Tedi is the longest running open-pit copper-silver-gold mine in PNG and is located in the Western Province of the country. Ok Tedi is a copper, gold and silver mine in Papua New Guinea that employs mostly local people. Ok Tedi Mining Limited (OTML, or the Company) is a proudly 100% owned Papua New Guinea (PNG) company which has been mining copper, gold and silver at Mt Fubilan open pit operations for over 40 years. 2, Ok Tedi Mining Limited (OTML), and the State representative from Mineral Resources Authority (MRA). This year, the Company has already provided US$272 Million into the PNG market as at June 20th. 5 billion (K5. School leavers from universities and technical institutions around the country are encouraged to apply. OK Tedi Mining Ltd (OTML), incorporated on 27 February 1981, is the developer and operator of the project. Fubilan resource Dec 20, 2024 · Ok Tedi No. This recordRead More Dec 13, 2024 · Ok Tedi Mining Limited is expected to generate K40 Billion in social benefits, taxes, royalties and dividends to its shareholders over the next 26 years. OK TEDI MINING LIMITED ANNUAL REVIEW 2020 | 7 Our Vision centres around the principle that “nobody gets hurt, operating as one integrated team from pit to port: a high-performance organisation with employees proud to be part of a successful PNG-owned company”. This resulted in the miner paying K106 million in royalties, K346 million in taxes and K119 million in compensations. 2019 HIGHLIGHTS ECONOMIC – PGK 754 M (USD 222 M) profit after tax – PGK 400 M (USD 118 M Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. This follows the prolonged inability of Puma to provide consistent diesel and JETA1 supply and fulfil its contractual obligations. 4 OK TEDI MINING LIMITED The Global Reporting Initiative’s (GRI) G4 reporting guidelines have been used in this Annual Review to guide the disclosure of non-financial material information. This technical report summarizes the mineral resource and reserve estimates for the Ok Tedi Mining Limited's Mt. Jul 31, 2023 · Ok Tedi Mining Limited (OTML) is committed to our vision of social value which reflects our purpose through providing business opportunities in ensuring our local communities ‘transition towards a more sustainable future after the Life of Mine. Jan 22, 2025 · Ok Tedi Mining Limited (OTML) achieved strong, safe and reliable production results in 2024, surpassing targets for copper, gold and silver. Ok Tedi produces copper and gold from its Mt Fubilan mining and Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Stone has over 30 years of experience working in the international mining […] While local actors may be deeply concerned about the prospects for continued access to morally and materially desirable forms of development following mine closure, elites working for Ok Tedi Mining Limited valorise kastom and 'village life' in such a way that they at times refuse to frame the inevitable closure of the mine as a problem. 4 1995-96 Contents Major Issues 1 Background to Ok Tedi 3 Discovery and Development 5 Geology and Mining 8 The Economic Impact ofOk Tedi 9 Environmental Issues 12 Legal OK Tedi Mining Limited Compliance Blitz OK Tedi uses the Demerit Point System which is a program that encourages safe and responsible driving through the issue of demerit points to drivers if the driver commits a driving offence or beaches road rules. Following improved studies conducted since last year, the company now projects its operations to continue beyond 2050. CLIENT: OK TEDI MINING LIMITED (OTML) INDUSTRY: MINING REGION: PAPUA NEW GUINEA DATE: APR 2019 - PRESENT Expansion Project: Completion Management System The Client Ok Tedi Mining Limited (OTML) was established in 1981 to mine the Mt. The Australian Conservation Ok Tedi Mining Limited (OTML) generated a record K684 million (USD$184 million) for the month of December in 2023, the highest recorded monthly revenue for the year. 8 billion) in revenue for 2024. OK Tedi is a business focused on the safe and profitable development of its ore reserves for the benefit of the people of Papua New Guinea. Jun 15, 2021 · Requisition ID 2339; Posted 15/06/2021; Location : Papua New Guinea ; Type: Full Time; Ok Tedi Mining Limited operates the longest running, world-class, open-pit, copper, gold and silver mine in Papua New Guinea. 2 million tonnes of copper, 15. The company produced 103,246 tonnes of Copper metal, 265,830 ounces […] Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Fast-tracked career after graduation with one of PNG’s largest employers. This result comes off the back of increased production and favourable metals prices, which were above budget for the month. OTML has in order a total of twenty (20) 230 tonne class diesel-AC electricRead More Ok Tedi Mining Limited | 155,366 followers on LinkedIn. 1997). Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea, operated by Ok Tedi Mining. However, following extensive mining studies which resulted in the further definition of the Mt. Managing Director & Chief Executive Officer, Kedi Ilimbit, revealed this recently during his presentation at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Sydney Ok Tedi Development Foundation (OTDF) is a dynamic organisation that delivers projects to communities through a unique partnership between mining, the people and government of Papua New Guinea. Ok Tedi's success is driven by the people who work with us. Ok Tedi Mining Limited Mining Tabubil, Western Province 154,728 followers A 100% PNG owned open-pit copper and gold mine located in the Star Mountains of the Western Province of Papua New Guinea Ok Tedi Mine: Some Facts and Figures Operating Life: 1984–2010. Ok Tedi Mining Limited employs 3,473 employees. Apply Now! Jobs Positions are now available for . From 2015 to present, OTML is a fully 100 per cent PNG owned mine. disciplines to assist us achieve our Vision of being the leading mining company in PNG. Fubilan copper-gold ore-body discovered in Papua New Guinea’s (PNG) Star Mountains, 16km east of the Indonesian border. This achievement highlights the company’s dedication to Salaries by job title at Ok Tedi Mining. 9 million ounces (oz) of gold and 36 million oz of silver since beginning commercial operations in 1984. According to managing director Musje Werror, the Ok Tedi mine still contains roughly 200 million tonnes of resource that will remain in the earth after 2032 and can support mine operations long into the 2040s and even the 2050s. Jan 23, 2024 · Ok Tedi Mining Limited (OTML) generated a record K684 million (USD$184 million) for the month of December in 2023, the highest recorded monthly revenue for the year. The Ok Tedi Mining Limited management team includes KEDI ilimbit (Managing Director and CEO), Raymond Singamis (Health Services Manager), and Heather Cpapng (Manager Financial and Management Reporting). Fubilan copper-gold mine in Papua New Guinea as of August 2005. This announcement was made recently at a dinner event hosted to celebrate the Company’s 40th year of production after the OTML Board of Directors Aug 9, 2024 · The Ok Tedi mine has successfully managed to rehabilitate the affected areas at Bige by planting trees in an attempt to mitigate the damage to the surrounding environment. By December 2001, the mine had Apr 9, 2021 · The following year, Ok Tedi became a majority state-owned enterprise when the SDP shares were cancelled, and the government of PNG scaled its direct ownership to 87. Aug 29, 2017 · Rarely has a developing-country government been better prepared to negotiate with foreign investors than was the new government in Papua New Guinea in the mid-1970s as it prepared top deal with the huge Bougainville and Ok Tedi mining projects. Ok Tedi Mining Limited (OTML) has achieved a significant milestone with a record production result for the first quarter of 2024. Ok Tedi Mining Limited is a Mining & Metals company located in P. contamination from the nearby Ok Tedi River. Applications are now open for these jobs. Mining in the Star Mountain region dates back to 1963 when copper mineralisation was first identified near the current OK Tedi mine site. Aug 12, 2024 · Ok Tedi Mining Limited currently generates annual revenue of approximately US$1 billion (K3. Seize this opportunity to advance your professional career with a leader in the mining industry. For decades, many millions of tonnes of contaminated mining waste have been discharged annually into Papua New Guinea’s (PNG’s) Ok Tedi and Fly river systems. Jan 2, 2015 · According to the UNHCR the flooding of the Fly River that is caused by the accumulation of mine tailings has prompted the Provincial Government, in conjunction with Ok Tedi Mining Limited, to develop the concept of growth centres located away from flood-affected areas so that the entire population of these areas can be relocated (approximately Jan 2, 2025 · Ok Tedi Mining Limited was the proud recipient of the PNG Chamber of Resources and Energy (PNG CORE) Outstanding Environment or Climate Change Initiative Award during the PNG Investment Week in Sydney, Australia in December last year. Musje Werror, managing director and chief executive officer of OTML, and Roger Higgins, board chairman, said they had hoped to see the transition by the fourth quarter of 2022, but the impact of the Coronavirus Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. A 100% PNG owned open-pit copper and gold mine located in the Star Mountains of the Western Province of Papua New Guinea | The Ok Tedi Mine is an open-pit copper and gold mine located in the Star Mountains of the North Fly District of the Western Province of Papua New Guinea. OTML’s journey Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Ok Tedi Mining Limited is a 100% PNG owned company that operates the longest running open-pit mine in the country. Learn about the challenges, rewards and opportunities of working at Ok Tedi, and view the latest job vacancies. 25 Mt of copper, 16. OK TEDI MINING LIMITED ANNUAL REVIEW 2019 | 1 PREVIOUS PAGE NEXT PAGE. During the conference, OTML’s Allan Ila highlighted the potential of deep-seated porphyry copper-gold intrusive stocks and skarn prospects in the Ok Tedi region. Kumul Minerals Holdings Limited (KMHL) Board Chairman and OTML Board Director, Dr. The mine began producing gold in 1984. JOIN THE PRIDE OF A NATION Visit our ‘Careers’ page at www. 7 billion revenue for 2024 operations. Map of the Ok Tedi/Fly River system downstream of the Ok Tedi mine, Papua New Guinea. In 2024, OTML achieved outstanding strong, safe and reliable production results, surpassing set targets for copper, gold, and silver. Ok Tedi Mining’s “tailings have been . Advised by an array of experts from around the world, including Marian Radetzki, we attained terms that were in many ways a model. 8 percent. Dec 12, 2024 · The Ok Tedi mine at Mount Fubilan in Western Province is PNG’s longest-running mine, having produced more than 5. Dec 13, 2024 · The appeal was dismissed in its entity and the Provincial Land Court further ordered OK Tedi Mining Ltd (OTML) to pay the respondent – Mr Faiwolok and his Wopkeinim Clan of Min Tribe, Tabubil, their due and outstanding royalty and other payments or benefits under any agreements with the OTML. Interestingly, Ok Tedi mine was due to be closed in 2010. OTML operates in a remote part of Western Province, with a registered office and senior management team located in Tabubil. Jan 23, 2025 · OK Tedi Mining Limited (OTML) has reported a K5. Other mining activities (e. Dec 10, 2024 · OK Tedi Mining Limited operating in Western Province, announced today a significant extension of its mine life. The contract extension is valued at K420 million ($159 million) and will allow FCS to continue to provide catering services OTML’s mine operations and fly-in, fly-out camp in Tabubil. Must be a PNG citizen; Currently in 2 nd year of undergraduate (2024) Age between 18 and 25 2 | ok tedi mining limited annual review 2018 ok tedi mining highlights 2018 economic – contributed 3. Ok Tedi Mining Limited (OTML) invites applications for its 2025 Graduate Development Program. O. Box 1, Tabubil, Western Province, PG with 2,970 employees. The paperwork for the transfer of shares were signed in Government House. Sep 1, 2024 · Why start your career with OK Tedi Mining Limited (OTML)? Direct mentorship and on-the-job training throughout the duration of the programmer; Challenging & interesting work with cutting-edge technology, on a world-class mining operation. Learn about its safety, financial, social and environmental performance, and career opportunities. Ok Tedi recognizes and respects the environment and the communities within which Ok Tedi operates. Jan 23, 2025 · Papua New Guinea – Ok Tedi Mining Limited (OTML) has announced outstanding operational and financial results for the year 2024, highlighting another successful year of disciplined management and growth. com to register an application. Representatives of women and children’s groups also participated in the entire process and were represented at the signing. with the transfer of additional OK Tedi equity to Landowner companies in progress (from 12. This is a significant increase from 2023 (31%), 2022 (45%) and 2021 (98%). Ok Tedi Mining Limited (OTML) was established in 1981 to mine the Mt. Since 1982 OTML has contributed over PGK23 billion to the economy of the Western Province and the Nation in the form of royalties, dividends, taxes, compensation, wages, and Dec 13, 2024 · Ok Tedi Mining Limited (OTML) is on track to generate US$1. Dec 10, 2014 · The life of the key Ok Tedi mine is to be extended for another 11 years, but with falling ore prices, lower head grades and production issues, its miner faces critical challenges ahead. 2 Moz of gold and 37. 2 Moz of silver since 1984 and contributes to PNG's GDP and development. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. The initial SML 1 (0) lease, granted in 1981 expired in May 2002 and was extended for another 20 years until its expiration in Jan 15, 2024 · Ok Tedi Mining Limited (OTML) has surpassed its annual sediment dredge target of 10 Million Cubic Meters (Mm3) and its rehabilitation target of 35 hectares for 2023 at its Bige Operations, located 125km from the mine. Discovered in 1968, the mine is operated by Ok Tedi Mining Limited (OTML), a wholly owned company of the mine owner Papua New Guinea Sustainable Development Program Limited (PNGSDPL). Under the astute ownership of Ok Tedi Mining Limited, (OTML) which has overseen operations and the continual development of the project since it was nationalised in 1981, the mine has become an Parliamentary Research Service PNG's Ok Tedi, Development and Environment Paul Kay Science, Technology, Environment and Resources Group 19 September 1995 Current Issues Brief NO. Ok Tedi Mining Limited is a 100 percent PNG owned company that operates the Ok Tedi Mine, an open-pit copper, gold and silver mine in the Western Province. . 8 Mt of copper and 490 tonnes of gold (actual metal production + full metal content of reserve). The company produced 103,246 tonnes of copper, 265,830 ounces of gold, and 993,274 ounces of silver in 2024, which company head Kedi Ilimbit is attributing to the dedication of OTML’s workforce. Superintendent Resources Development Nov 15, 2023 · Our client Ok Tedi Mining Limited has operated successfully in the Star Mountains of the Western Province, PNG for over 36 years . 2% to 33%) Achieved the HIGHEST MINE PRODUCTION, ore processed and metal production in the last five years OK TEDI MINING HIGHLIGHTS 2017 ECONOMIC Feb 12, 2025 · Leading PNG open pit copper-gold-silver miner Ok Tedi Mining Ltd (OTML) is the latest major mining operation in the country to take a bold move with the introduction of large class Chinese mining equipment from XCMG out of Xuzhou, Jiangsu Province. Get the latest business insights from Dun & Bradstreet. The company held a dinner party on the evening of Thursday, 14 November 2024, in Tabubil to mark the occasion of their 40th anniversary. Other factors contributing to the record revenue include strategic business improvements, operational In a groundbreaking achievement, Papua New Guinea's Ok Tedi Mining Limited (OTML) has set a new record by generating an unprecedented K684 million (USD$184 million) in revenue for the month of December 2023. BHP exited the company in 2002, vesting its interest to Papua New Guinea Sustainable Development Program (PNGSDP) and almost a decade later OTML became a fully owned Papua New Guinea company when Inmet Mining shares were bought off by OTML. 1. Oct 31, 2021 · In 1994, Papua-New Guinean (PNG) landowners sued BHP in the Supreme Court of Victoria in Melbourne, Australia, alleging that BHPs operations at the Ok Tedi copper mine caused destruction of the surrounding environment and of their traditional lifestyle. 1% of png’s gdp – pgk 466 m (usd 141 m) profit after tax – pgk 100 m (usd 30 m) dividend paid – provided foreign currency into png market environmental – mine was compliant with environmental criteria safety and finalised ownership Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Dec 3, 2021 · Photo: Ok Tedi Mine. Temu said Mark J. The Bige Operations dredged 10. Since 1982 OTML has contributed over PGK23 billion to the economy of the Western Province and the Nation in the form of royalties, dividends, taxes, compensation, wages, and Nov 26, 2024 · Ok Tedi Mining (OTML) head Kedi Ilimbit has announced the company will finish the year on a high, with a final dividend payment of K450 million ($174 million). The Ok Tedi mining operations are centred on the Mt Fubilan deposit located in the Star Mountains of the Western Province. The mine life has been extended from 2033 to 2050. Kumuls Minerals Holdings Limited's subsidiary KMOTL is a wholly owned subsidiary of Kumuls Minerals Holdings Limited (Kumul Minerals). Production: About 200,000 tons of copper and 500,000 ounces of gold a year. Starting in August 1984 as a gold mining operation by Broken Hill Property Limited (BHP), OTML transitioned to a copper-gold mine in 1987. Oct 23, 2013 · Remote Mount Fubilan, near the source of Papua New Guinea’s Tedi River, is once again the site of global controversy surrounding the Ok Tedi copper gold mine. However, it wasn’t until 1981 that OTML was incorporated as an entity from a resulting partnership between BHP, the Papua New Guinea Government, Amoco Corporation, and Inmet Mining Corporation. The Bige Mine Waste Management project site, approximately 80km downstream from the mine, has been used to store the Ok Tedi mine waste by diverting the tailing disposal away Sep 22, 2023 · The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050, marking a significant milestone for OTML, its shareholders and for Papua New Guinea (PNG) in general. Ok Tedi Mining Limited (OTML) is incorporated in Papua New Guinea on 23 February. Ok Tedi Mining Limited (“OTML”) has made the strategic decision to discontinue its utilisation of Puma Energy’s diesel and JETA1 in Tabubil. Jan 24, 2025 · Ok Tedi Mining’s (OTML) 2024 copper, gold and silver production has set the company up for a strong year. Jan 22, 2025 · Ok Tedi Mining Limited (OTML) is pleased to announce its exceptional performance results for 2024, showcasing yet another successful year of disciplined operational and financial excellence. The Client. The plaintiffs alleged that BHP dumped mine tailings waste into the Ok Tedi and Fly Rivers. The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. The pre-mining deposits contained approximately 4. In this exclusive interview with Business Advantage PNG, Musje Werror, the man chosen to lead Ok Tedi Mining, outlines his strategy. Shareholders include BHP Minerals Holdings Pty Ltd (BHP Minerals), the Independent State of Papua New Guinea; Inmet Mining Corporation; and Mineral Resources Ok Tedi No 2 Limited (MROT). Despite making efforts to work constructively with Puma, the company’s strong-arm tactics, exemplified by […] Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Over the next few years, OK Tedi Mining Limited expects to witness a gradual growth in dividends of up to K1 billion each year. Jun 13, 2022 · Photo credit: Ok Tedi Mining According to the company, Ok Tedi Mining Ltd (OTLM) will complete the shift from current lower grade ore to high grade ore sources, over the next 12 months. OTML is a 100 percent Papua New Guinea (PNG) owned entity with 67 percent direct shareholding by the Independent State of PNG and the people of Western Province holding a 33 percent interest. g Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. OTML is committed to increasing the representation of women in our organisation. Feb 13, 2019 · Ok Tedi Mining in PNG are exposed to contagious diseases that directly results from . 3 Mm3 of river sediments and rehabilitated 40 hectares (ha) of sand stockpile in 2023. awpti bvz zskp yni gtkmi baa qzegk fhfg vcdqxv dcw tkgor lyyjh vsy mblmqj jvilmd