OTML is a privately held company that operates an open-pit copper, gold and silver mine located in the Star Mountains of the Western Province, Papua New Guinea.
The Company holds a large portfolio of exploration leases in the vicinity of its Mt Fubilan mining operations and is actively undertaking near mine exploration.
The Company’s registered office is located in Tabubil, Western Province, and also has a representative office in Port Moresby, PNG and a marketing and logistics facility in Brisbane, Australia. In September 2013, the State of Papua New Guinea (the State) increased its direct ownership in the Company to 87.8%. All financial benefits from the mine since then, are directed (as dividend streams) to Western Province, Community Mine Continuation Agreement (CMCA) communities, Mine Area Villages, the Fly River Provincial Government (FRPG) and the State.
In September 2013, The State of Papua New Guinea (the State) increased its direct ownership in the company to 87.8% and all of the financial benefits from the mine are directed (as dividend streams) to Western Province, Community Mine Continuation Agreement (CMCA) communities, Mine Area Villages, the Fly River Provincial Government (FRPG) and the State.
Mineral exploration has environmental and social impacts. As OTML has been operating in the region for 34 years it is acknowledged that its operations have contributed to sediment aggregation in the Ok Tedi and Fly River systems. This impact has been well documented and is part of ongoing monitoring, research and reporting programmes mandated in OTML’s License to Operate. In fact, the mine’s continued operation is dependent upon consent by the CMCA communities and the State.
The Company's success is measured on its economic performance, human resource development programmes, zero harm safety performance, and the management and mitigation of its environmental impacts.