Ok Tedi Mining Limited (OTML) is a State-owned company that operates an open-pit copper, gold and silver mine located in the Star Mountains of Western Province, Papua New Guinea (PNG).
The company's approach is to operate the business in a safe and sustainable manner whilst maximising the benefits to stakeholders and shareholders. OTML will fully explore the mineral resource potential of Mt Fubilan and nearby exploration targets; will manage its business, community and environmental responsibilities and be the best employer in PNG, providing high quality working conditions, facilities and services to its stakeholders.
OTML was formed in 1981 and is a major producer of copper concentrate for the world smelting market in Germany, India, Japan, Korea and Philippines. The mine exports copper as the main product followed by gold and silver.
OTML's export earnings contribute a lot to PNG's Gross Domestic Product. Apart from its monetary contribution the mine is also involved directly in PNG's development through infrastructure projects such as health centres, school classrooms, houses, roads, airstrips, jetties, water supply and communication systems.
The company also through the Ok Tedi Development Foundation (OTDF) delivers social and economic benefits to the mine impacted communities from the Star Mountains and down the Ok Tedi and Fly River systems.
OTML is a 100 percent state owned entity with 87.8 percent direct shareholding by the Government of Papua New Guinea and the people of Western Province holding a 12.2 percent interest.
The greatest challenge facing OTML today is mitigating the impact of mining operations on the environment; as such all of OTML's activities are driven by a goal of 'Zero Harm' – zero harm to our people, our environment and our communities.
The company's registered office is located in Tabubil, Western Province, PNG. It also has a representative office in Port Moresby, PNG and a marketing and logistics facility in Brisbane, Australia.