Ok Tedi Mining Limited (Ok Tedi) board has declared an interim dividend of K450million for
the half year 2026, Managing Director and Chief Executive Officer Kedi Ilimbit has
announced.
This was paid to its shareholders as per their shareholding – K300million to Kumul Minerals
Holding Limited for the State (67%) and K150 million to the Mineral Resources Development
Company, who manages the landowner interests.
“The K450 million interim dividend benefits all Ok Tedi shareholders. While K300 million is
payable to the State, K150 million is equally payable through MRDC on behalf of the people
of Western Province. It is important that the full dividend distribution is accurately reflected.”
Mr Ilimbit said the interim dividend demonstrates the Company’s ongoing contribution to
PNG’s economy and the direct benefits generated for both the State and Western Province
through their respective shareholdings.
Commenting on the company’s operations, Mr Ilimbit said while prolonged dry weather has
resulted in lower-than-normal water levels on the Fly River, Ok Tedi’s operations continue
and business remains as usual, adding that mining and processing activities remain
uninterrupted, with the Company implementing contingency measures to maintain the supply
of fuel, consumables, equipment and other critical operational requirements.
Ok Tedi has actively implemented alternative logistics arrangements to ensure continuity of
operations and minimise disruption to the business. The Company continues to closely
monitor river conditions and adapt its logistics planning as required.
Mr Ilimbit said Ok Tedi remains focused on maintaining safe, responsible and sustainable
operations while managing challenges associated with the dry weather conditions.
“While the dry weather is presenting logistical challenges, our teams have implemented
contingency measures to ensure operational continuity. Mining and processing operations
continue, and our focus remains on maintaining safe and reliable operations while delivering
value to our shareholders, communities and the country.”
Ok Tedi will continue to provide updates on operational matters as required and remains
committed to transparent engagement with shareholders, stakeholders and communities.