Jun 16, 2021 · Requisition ID 2339. 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. The assets and liabilities are recorded on our Nov 13, 2020 · Requirements for the OTLM GDS 2021. 29 Jun 2020 by Business Advantage PNG 1 Comment. The mine is located at an altitude of approximately 2,000 m, in an area of dense 1984–2010. PNG, Western Province and communities obtain enduring benefits from OTML through employment, local business, dividends, taxes and royalties, goods and services For over 30 years, Ok Tedi Mining Limited has contributed to the Papua New Guinea economy through mining copper, gold and silver at Mt. Fubilan, in the headwaters of the Ok Tedi River, as a joint ownership between Broken Hill Proprietary Company (BHP) (52%), the Papua New Guinea state (30%) and Canadian miner Inmet (18%). The effects of environmental pollution were observed during the pre-desulfurization period (1984–2000s) when sulfide waste tailings were Dec 16, 2002 · Ok Tedi began as an open cut gold mine in 1982 and copper concentrate producer in 1986 through partnership with Australian mining corporation BHP Ltd, the Government, Amaco Corporation and Inmet The trade-off between the economic benefits and environmental costs of the Ok Tedi mine has sometimes been represented as a dilemma for the PNG Government, rather than other stakeholders, or as a trade-off between benefits to the nation as a whole and costs to the people of the mine-affected area—especially the area downstream of the mine OK TEDI MINE SAFETY WEEK Good Housekeeping Challenge 14th - 18th June, 2021 Housekeeping is more than just cleanliness. Share. Apr 1, 2024 · In Papua New Guinea, the Ok Tedi Mine (OTML) adopted the desulfurization method (Fig. The Ok Tedi mine has some claim to be an extreme case of a large-scale mine whose closure is beset by politics. OTML attracts, develops and retains a highly engaged and skilled national and expatriate workforce of approximately 1,700 people that operates via a mostly in a Fly In Fly Out operation. and national migrants. g. PO Box 93 Hoawaginai Drive, Kiunga Western Province Papua New Guinea Phone: +675 649 3720 Fax: +675 649 1046. People & Capability. 3. OTML is an unlisted PNG majority State Owned Enterprise (SOE) operating in accordance with the Papua New Guinea Companies Act (1997). This includes monitoring and adopting as appropriate, contemporary international practices such as the 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. Ok Tedi Mining Limited (OTML) operates the Star Mountains Training Institute (SMTI) as a Registered Training Organisation (NTC # 019) in Tabubil and is committed to the development of its most valuable resource – employees. Ok Tedi Mine is located in extremely remote and rugged part of PNG. PO Box 1 Dakon Road, Tabubil Western Province Papua New Guinea Phone: +675 649 3000 or Phone: +675 649 3311 Fax: +675 649 9199. Email your application with cover letter address to the above address , a CV, Official Transcripts for the last three (3) semesters and two (2) referees to: Email: JoinApprenticeship@oktedi. May 9, 2024 · With the ongoing environmental damaged caused by Ok Tedi Mine, being described by experts as one of the worst environmental catastrophes in human history, it was only proper for the government to give back maximum benefits to Western people during this 2024 to 2025 Mine review. Figure 1 Tabubil town centre. 1) to mitigate the negative effects of acid rock drainage (ARD) on the surrounding aquatic environment (OTML, 2021). 100% PAPUA NEW GUINEAN COMPANY, OWNED BY THE STATE, THE PEOPLE OF WESTERN PROVINCE, AND MINE ASSOCIATED COMMUNITIES. 15-44) Authors: Rita As a 100% Papua New Guinea-owned mining company, OK Tedi Mining Limited (OTML) is the longest-running copper, gold, and silver producer through its operation in the Star Mountains of the North Fly District in the Western Province. THE OK TEDI VISION IS: We operate with excellence, maximising the value of our mineral resource in an environmentally responsible way, to deliver sustainable economic and social benefits to our communities and the people of PNG. Not only do local people assume that Oct 17, 2022 · OTML funds and operates the mining township of Tabubil which includes the Tabubil Hospital at an annual cost of about K150 million, maintains the Kiunga-Tabubil Highway at K30 million a year, and provides power, and water and sewerage services in Kiunga at a cost of about K30 million per annum. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Indeed, COVID-19 continues to impact on operations and in March 2021, Ok Tedi suspended its operations for a second time. Both mines have suffered from controversies related to their environmental and social impact. Dr Higgins noted that despite a fire incident at the mine’s processing facility OK Tedi Mining Limited Readi Watch Fatigue Management Trial Day 3 of the program was around ‘Driver Fitness’ with a focus on Fatigue which is one of the top 3 contributing factors to the Light Vehicle and Mobile Equipment incidents at OK Tedi in the last 2 years. 2. It is one of the world's largest gold-copper mines and was owned by BHP Billiton (52%), the State of Papua New Guinea (30%) and Inmet Mining Corporation (18%). A major producer of copper concentrate for the world smelting and refinery market in Germany, India, Japan, South Korea and the Philippines, Ok Tedi contributes around 7. Date Appointed: 10 December 2021. JOIN THE PRIDE OF A NATION Visit our ‘Careers’ page at www. The Ok Tedi environmental disaster caused severe harm to the environment along 1,000 km (620 mi) of the Ok Tedi River and the Fly River in the Western Province of Papua New Guinea between around 1984 and 2013 and ongoing. Feb 1, 2024 · The Ok Tedi copper mine discharges overburden and ore residues into the Ok Tedi, a tributary of the Fly River. OTML is committed to openly, honestly and transparently reporting our strategy, performance and impacts to our stakeholders. 1 percent in 2020, remain s high at an estimated 5. Map 1 PNG: location of the Ok Tedi mine. Technical mining – the engineering, environmental, planning and operations – do not ordinarily consider communities beyond the technical aspects of community relations – housing, employment, transport – rather approaching the impact of the mine on the river will be very long term. P. 5 million tons of copper. Ok Tedi Mining Limited website. Ore mined is treated in a 84kt/d capacity processing facility adjacent to Oct 14, 2021 · In Papua New Guinea (PNG), mining has been surrounded by controversy related to its environmental and social impacts for several decades. The primary ore is crushed and ground using Semi-Autogenous Grinding and Ball mills to a final grain size of approximately 180 microns Sep 25, 2023 · The OK Tedi Mining Limited (OTML) in Papua New Guinea has had its mine life extension approved from 2023 to 2050, with an expected dividends payments in excess of K30 billion (US$8. 4% to PNG’s Gross Domestic Product (GDP). of the mine. Our success is measured by safety performance, financial performance, social development programs and the management and mitigation of environmental impacts. ”. “In 2013, OTFRDFL filed court proceedings against those stakeholders and after five-years of legal battle, we won the case in Jan 23, 2017 · Ok Tedi Mine. This marks the highest monthly revenue recorded throughout the entire year. The Group’s principal activity is mining and processing copper ore. Since 1982 more than 10,000 employees have undertaken education and training in some Feb 13, 2019 · In this context, it was the objective of. He is a Lawyer by profession, is admitted to the bar, and has been a senior legal practitioner for over 30 years. APAC Outlook issue 49 | 91. It was suggested that in the lower Ok Tedi, for example, bed aggradation could reach its maximum of 1. Identify what needs to be done and take ‘BEFORE’ photo. OTML’s most recent Detailed Mine Closure Plan, which was approved by the Minister for Mining on 7 May 2012, updated in 2016, and approved by the regulators in 2017, determined that that the Fund should contain USD $200M to meet its obligations. Ok Tedi Mining Limited operates the longest running, world-class, open-pit, copper, gold and silver mine in Papua New Guinea. Discussion around more reliable and effective controls and measures were Dec 5, 2021 · The 2021 Strategic Business Plan has confirmed an uplift in value by another US$475 million to US$3. 2,000 staff. Throughout the literature on mining and communities, there is a split between the technical and the social. Business Advantage PNG asks Musje Werror, OTML’s newly appointed Managing Director and CEO, about his vision for the Dec 7, 2022 · The Ok Tedi Mine will generate over PGK19 Billion in dividends for the benefit of Papua New Guinea over the next 11 years, says Ok Tedi Mining Ltd (OTML) General Manager Commercial and Chief Financial Officer Cameron Clark. Jobs: Ok Tedi Mining Limited (OTML) employs about. These agreements were signed by village representatives in 2000 as a means of binding local communities to the Apr 9, 2021 · OK TEDI: LOOKING AHEAD. Holding a portfolio of several exploration leases, OTML is extensively involved in the community and development of Jun 29, 2020 · Ok Tedi Mining to be a ‘model miner’, says new CEO. It's the culmination of the state's wider reorganization of its The mine is located on Mt. Ok Tedi Mining. Bonny currently serves as Chairman of Kumul Minerals Ok Tedi Limited and is a Director of the Kumul Minerals Holdings Limited Board. Western Province. We do this through our Annual Reviews and make copies of each year’s reports freely MEDIA RELEASE10 December 2021OTML announces changes to Board of DirectorsOk Tedi Mining Limited (OTML) today announced the appointment of three new directors by its majority share. We offer highly competitive pay and employment conditions that reward employees for achieving individual and team performance targets. As at 31 December 2022, the FAF holds USD 241 M. 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 Aug 7, 2023 · The Ok Tedi Development Foundation (OTDF) is the legal entity that manages community development benefits from Ok Tedi Mine operations on behalf of the people of the 158 Community Mine Continuation Agreement (CMCA) villages. The Community Mine Continuation Agreement (CMCA) defines the cash compensation, investment and development payments that OTML makes to the 158 communities affected by the mining operations in return for the license to continue operating the Mine until 2025. The remarkable financial success is attributed to a Challenges. Inflation, which rose to 5. The risk of acid rock drainage identified before 2008 due to high sulphur levels and insufficient neutralising capacity in the sediments is now managed with the implementation of the Mine Waste Tailings Project (MWTP). Ok Tedi Mining Limited operates the longest running open-pit copper, gold, and silver mine in Papua New Guinea (PNG). Panguna, Ok Tedi, Porgera, Lihir, Ramu) but always with controversial environmental standards and social impacts often overlooked or ignored. Type: Full Time. DOI: 10. In this exclusive interview with Business Advantage PNG, Musje Werror, the man chosen to lead Ok Tedi Mining, outlines his strategy. This time-scale has largely been ignored in most discussions of the mine. der the Kumul Minerals Ok Tedi Ltd (KMOTL) which owns 67% of the Company. About 1,800 are Papua New Guinea citizens and 800 live within a 40-kilometer radius. Ok Tedi Mining Limited is an employer of choice for people and expats within PNG, through highly competitive pay and employment Ok Tedi environmental disaster. 4, p. 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 Negotiating Community Support for Closure or Continuation of the Ok Tedi Mine in Papua New Guinea Apr 24, 2024 · Port Moresby, April 24, 2024 - Ok Tedi Mining Limited (OTML) has announced the successful renewal of its Special Mining Lease (SML) 1 (0), securing an additional 20-year lease term extending from 2022 to 2042. the study to investigate two mining locations in Papua New Guinea (PNG), Ok Tedi and. “It is the mining flagship of our country, of which the people of the Western Province and the country should rightly be proud. The Ok Tedi Mine in Papua New Guinea (PNG) is one of the mines where riverine disposal is currently being practised. We are committed to maintaining robust and transparent corporate governance practices. Mr Clark said this today when speaking at the PNG Mining and Petroleum Investment Conference in Sydney, Australia. Ok Tedi is a copper-gold open pit mining operations in the Star mountain region of Papua New Guinea. ” Reference: Post-Courier (3 December 2021. Pastor Bagari expressed those grievances when announcing OK Tedi Fly River Development Foundation Limited’s undertaking of the court proceeding to reclaim funds parked offshore by PNG Sustainable Development Program. Theory and the About Us. The Ok Tedi mine has largely fulfilled its economic goals. As the key pillar of Papua New Guinea’s economic growth, mining accounts for around 26% of the national GDP and almost 90% of all export revenue, the vast majority of which comes . 8 percent in 2021, reflecting higher import prices for goods from major trad ing partners, higher commodity prices particularly Nov 13, 2020 · OK TEDI Mining Limited. Werror, who delivered the first of the Mining Project Updates at the 2021 PNG This thesis is about the Ok Tedi mine in Papua New Guinea. Dec 3, 2021 · “The future looks very promising from a social and economic perspective for the country and the extension of mine life provides additional time for the company to explore and develop new ore resources. gold a year. 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. About Us. In the midst of Papua New Guinea’s state of emergency, there was a change at the top of Ok Tedi Mining Limited (OTML). The suspension coincided with the PNG Government’s National Ok Tedi Mining Limited (OTML) is proud to announce a record production result for the first quarter of 2024, with an 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 was 16,265 dmt. Dec 1, 2023 · The OK Tedi Mining Limited OTML is looking forward to sponsor students on a two-year term, commencing in January 2024 through their Undergraduate Scholarship Scheme. The Ok Tedi mine (OTML) has been in operation since 1984 and is the longest running open-pit copper mine in Papua New Guinea (PNG), producing an estimated 99 kt of copper in 2019 Ok Tedi Mining Limited (OTML) Chairman Sir Moi Avei KBE today announced that the Company has declared an interim dividend of PGK150 million to be paid in September 2021. Ok Tedi is a FIFO operation Jun 24, 2013 · Using Papua New Guineas Ok Tedi mine as a case study, I advance the argument that a comprehensive understanding of the diverse cultural nuances activated by cultural actors with varied access to Jan 22, 2024 · 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. This record production has been complemented with […] Oct 14, 2021 · Since 1984, Ok Tedi has been the largest gold mine in PNG and has contributed on average per year more than 7% of PNG’s GDP. Porgera, and assess the impact on mining on poverty. Basis for opinion. This marks the second extension of the SML 1 (0) lease for OTML. Posted 15/06/2021. Dec 9, 2021 · OK TEDI Mining Limited Chief Executive Officer and Managing Director, Musje Werror, says Ok Tedi is more than a mining company. Production: About 200,000 tons of copper and 500,000 ounces of. ’s (OTML) Community Mine Continuation Agreements (CMCAs). Apr 9, 2021 · Ok Tedi achieves success through open and honest communications with employees about job goals and performance, the delivery of targeted skill development programmes, productive annual performance reviews and feedback as well as competitive individual and team-based performance-based remuneration and benefits. We surveyed 609 households, of which 309 were in indigenous mining communities and 300 The Ok Tedi mining operations are centred on the Mt Fubilan deposit located in the Star Mountains of the Western Province. A high priority of the Board is progressing options to further extend the mine life that takes into account not only the commercial value of Ok Tedi but also recognises the significant social benefit generated to our key stakeholders. By December 2001, the mine had produced 7. Kumuls Minerals Holdings Limited's subsidiary KMOTL is a wholly owned subsidiary of Kumuls Minerals Holdings Limited (Kumul Minerals). Have a minimum GPA of 3. This report is the fourth report prepared according to the GRI Core General Standard Disclosures of reporting and the Mining and Metals Sector Jul 1, 2013 · Using Papua New Guinea's Ok Tedi mine as a case study, I advance the argument that a comprehensive understanding of the diverse cultural nuances activated by cultural actors with varied access to the opportunities provided by extractive industry should be implicit in the design of community development programmes. com. The initial SML 1 (0) lease, granted in 1981 expired in May 2002 and was extended for another 20 years until its expiration in the Ok-Tedi copper and Simberi gold mines, and delays in opening the Porgera gold mine. 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. Ok Tedi Mining Limited (OTML) has come on board as a Gold Sponsor of the 2024 Geoscience, Exploration & Extraction (GEE) Conference and Exhibition with the presentation of K100,000 to event hosts, the Mineral Resources Authority (MRA). Ok Tedi Environmental Impacts. The Ok Tedi copper-gold mine in Western Province, Papua New Guinea, is situated in the western part of the Ok Tedi Complex where monzodiorite to quartz monzonite intrusions are associated with porphyry- and skarn-style copper-gold mineralization. To enter the challenge, you just have to follow the 3 simple steps 1. The revised value and extension of mine life is an undertaking on the Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. 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. Tabubil has an estimated population of 15,000 (OTML, 2012) made up of expatriate and national mine employees, ‘locals’. OTML is committed to increasing the 1 Introduction. One of OTML’s major continuing concerns is the environmental effects of our operations. Using the data shown in Table 2, a chi-square test confirmed a higher position on the rich–poor ladder for Ok Tedi mining households than Ok Tedi non-mining households (p < 0. OTML is committed to a healthy and safe working environment, free from hostility, offensiveness, bullying, intimidation and harassment Star Mountains Training Institute. Mr. We work hard to minimise, mitigate and remediate any damage that we create. About OK Tedi Mining Limited. 2 billion), says chief executive officer, Kedi Ilimbit. Fubilan in the Western Province. In the case of the Ok Tedi mine, attention has focused largely on claims for downstream ecological damage and the ensuing settlement on behalf of people living along the Lower Ok Tedi. This is the second SML 1 (0) lease term extension for OTML. OTML is an employer of choice for people and expats within PNG. Port Moresby. “Werror: OK Tedi Eyes K1bn In Dividends”. This was a further increase in value from the 2020 plan, which had extended mine life from 2026 to 2029. 7 billion with mine life extended by a three years from 2029 to 2032. Directors. 001). He said Introduction. com to register an application. The Group made a profit after tax of K755,029,000 for the year (2018 profit of K465,774,000). In book: Mining and Communities, Understanding the Context of Engineering Practice (pp. 1007/978-3-031-02114-5_2. Apr 14, 2023 · Report summary. Location : Papua New Guinea. The Porgera gold mine is a close second in terms of production. Visit our “Career’s website at: The Ok Tedi mine operated during the ®rst four years of production a closed-system cyanide leach plant without copper recovery, designed for the leached cap with supergene enriched gold of the porphyry system. 1 Having originally opened for gold extraction in 1984, the operation diversified into copper production 3 years later. Link. Financial Results. Ɣ give a true and fair view of the financial position of the Company as at 31 December 2021, and its financial performance and cash flows for the year then ended. Ilimbit said this marked a significant milestone for the mine, its shareholders and for the country in general. Ok Tedi Mine. BOX 1, Tabubil 332. As a 100% owned PNG company, we focus on responsibly generating profits to provide continuing benefits to the people of Papua New Guinea. 5 m fifty years after the mine closed (Maunsell, Vol. 64). Initially granted in 1981, the SML 1 (0) lease expired in May 2002 but Jan 1, 2014 · The Ok Tedi Mine in Papua New Guinea. The paperwork for the transfer of shares were signed in Government House. Ever since the mine began to operate in 1984, there has been ongoing political debate … Expand OTML operates from its central headquarters in the Tabubil town on the banks of the Ok Tedi River. oktedi. Since 1970, several large mines have been developed in PNG (e. OTML remits an Annual Review to members of the PNG Parliament, presenting the integrated financial and non-financial results of OTML. Joining the OTML Board are Ms Nellie James who serves as Chair of Kumul Minerals Holdings Ok Tedi Mine is the only large copper mine in the world to separate sulphides from the tailings before tailings discharge. The communities are grouped into nine regions and represent over 147,000 people. These discharges result in elevated suspended solids and dissolved and particulate Apr 9, 2021 · Ok TEDI MINING LIMITED Phone: +675 649 3000 www. In this context, the research reported herein is an investigation of the way in which mining has impacted on poverty in two large mining regions at Ok Tedi and Porgera. The lessons we learned back in the 1970s from Marian Radetzki and others were translated into legislation and contract lan-guage that did, in the end, assure the national government of a reasonable share of the wealth produced by the mine. Keeping work areas neat, tidy and in an orderly manner make it safe and prompts efficiency. O. Like all major mines, however, Ok Tedi has produced a series of large-scale ripple effects throughout the surrounding region, both downstream and upstream. We also have a representative office in Port Moresby, PNG and a logistics facility in Brisbane, Australia. Employee Benefits. Headquarters. Our registered office is located in Tabubil, Western Province, PNG. To be considered for OTML Graduate Development Scheme you must have: Be in your final year of undergraduate study in a PNG or overseas university in 2020. 2 | ok tedi mining limited annual review 2018 ok tedi mining highlights 2018 economic – contributed 3. The minesite is located 18km west of the border to Indonesia's Papua province and is characterised by dense forest, mountainous terrain and high rainfall. The lives of 50,000 people have been disrupted. 5 or a Cumulative Weighted Average of 75% and above in your last three (3) semester results. OTML has developed an Integrated Management System (IMS) which includes a suite of systems, standards, processes and procedures covering all areas of the business including mining operations, environmental 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. Because of the various issues discussed earlier related to using income as a measure of poverty, the rich–poor ladder was used. We look forward to reporting progress in the future. We are seeking motivated and exceptional individuals from the following disciplines to assist us achieve our Vision of being the leading mining company in PNG. 100% of the benefits from its operations are distributed to the people Policies & Standards. Sir Moi noted that despite a fire incident at the mine’s processing facility late last year that impacted its January 2021 production, and a two-week suspension of operations Nov 1, 2020 · Mining is often portrayed as a contributor to sustainable development, especially so in developing countries such as Papua New Guinea (PNG). OK TEDI NATIONAL MINING SAFETY WEEK PROGRAM Theme: Back to Basics: Risk Management 13th-18th June 2021 Time Sunday 13th Monday 14th Tuesday 15th Wednesday 16th Thursday 17th Friday 18th Saturday Activities 5:30am-8am Morning Execise at scoccer field-Both Nurumi crusher & E&P office teams-BBQ 6:30m-7:00am Toolbox talk-Introducing the Mining (Ok Tedi Mine Continuation (Ninth Supplement) Agreement Act 2001, Being an Act to provide for the approval and implementation of the Ok Tedi Mine Continuation (Ninth Supplemental) Agreement relating to the continued development of certain mineral deposits in the Ok Tedi region of the Western Province and for related purposes, PAPUA NEW GUINEA OWNED MINE. Talent management is a key part of Ok Tedi’s strategy. OTDF is mandated to ensure wise and sustainable use of the wealth created from mining operations for the betterment of Jul 8, 2021 · The state's 67 percent stake in Ok Tedi Mining Limited has been transferred to Kumul Minerals Ok Tedi Limited (KMOTL). Ore is mined and processed at an onsite flotation processing plant capable of treating up to 24 million tonnes per annum (Mtpa). Since the mine’s formation, OTML has contributed more than 10 billion kina to assist the development of economically sustainable local and regional communities in the Western Province. As a result of a surge of cases at the mine site and in Papua New Guinea, OTML suspended operations for 14 days from Friday, 19th March. Since 2002, Ok Tedi Mining has been owned by the government Mining Capitalism examines the strategies through which corporations manage their relationships with these critics and adversaries. In an historic benefit sharing agreement (BSA) signing in Alotau on the weekend, the six mine area villages and the 152 villages from the Community Mine Continuation Agreement (CMCA) regions will see them sharing in the 33 percent direct equity interest in OTML which the O’Neil-Dion Government approved in 2014. January 2014. Our operations are governed by a number of policies, standards and systems to build consistency and productivity. The trade-off between the economic benefits and environmental costs of the Ok Tedi mine has sometimes been represented as a dilemma for the PNG Government, rather than other stakeholders, or as a trade-off between benefits to the nation as a whole and costs to the people of the mine-affected area—especially the area downstream of the mine These are the findings from one preliminary and one main patrol along the Fly and Ok Tedi Rivers, surveying villagers on their level of understanding Ok Tedi Mining Ltd. Sales for the year totalled 454,648 (2018: 361,460) dry metric tonnes of copper concentrate. By focusing on the conflict over the Ok Tedi copper and gold mine in Papua New Guinea, Stuart Kirsch tells the story of a slow-moving environmental disaster and the international network of indigenous peoples 5,001 to 10,000. If you meet the above requirements. Ɣ comply with International Financial Reporting Standards and other generally accepted accounting practice in Papua New Guinea; and. Member – Safety, Health and Environment and Community Committee. The company has around 1,800 permanent employees, with a similar number of embedded contractors and Nov 1, 2020 · Mining is often portrayed as a contributor to sustainable development, especially so in developing countries such as Papua New Guinea (PNG). OK TEDI MINING LIMITED Tabubil Head Office 1 Dakon Road, Tabubil, Western Province, 332, Papua New Guinea Ok Tedi Mining Limited (OTML) Chairman Dr Roger Higgins today announced that the Company has declared a final dividend of PGK300 million which was paid on Friday 24th December to its shareholders, bringing total dividends paid by OTML this year to PGK450 million. Aspiring young professionals to posses Corporate Governance. The plant currently recovers copper, gold and silver into a saleable concentrate. due to delays in mining due to COVID-19 disruptions. Ok Tedi Mining Limited. 1, Fig. After this initial period the sul®de ¯otation plant took over which has a gold recovery of only about 70%. qzvhauqduxcnuccfdwun