Category: Financial
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Mark Stone appointed as OTML Board Chairman
The Board of Ok Tedi Mining Limited has endorsed the appointment of Mark Stone as the Board Chairman, effective immediately. Kumul Minerals Holdings Limited (KMHL) Board Chairman and OTML Board Director, Dr. Ila Temu, made the announcement today. Dr. Temu said Mark J. Stone has over 30 years of experience…
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OTML challenges stakeholders to reinvest in its operations that will benefit impact communities
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Ok Tedi Mining Limited (OTML) is encouraging its Business Partners, Trust and Royalty associations to invest back into OTML operations for the benefit of the people of Western Province, especially the impacted regions under the Mine Village communities and the Community Mine Continuation Agreement (CMCA) communities. OTML Managing Director and…
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OTML presents Undergraduate Scholarships
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Ten (10) university students are the elated recipients of Ok Tedi Mining Limited’s (OTML) 2025 Undergraduate Scholarship Scheme totalling over K300,000. The students who are in their third year of studies are studying various courses. Of the ten students, one is studying Human Resources Management at the University of Papua…
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OTML Hands Over Upgraded UPNG Geosciences Computer Lab
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Ok Tedi Mining Limited (OTML) was proud to officially hand over and open a fully refurbished computer laboratory at The University of Papua New Guinea’s (UPNG) Earth Sciences Division and Centre for Disaster Risk Reduction. This follows a K550,000 donation from OTML in October 2024. The funding facilitated the purchase…
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OTML Donates K500,000 to Metago Group
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Ok Tedi Mining Limited (OTML) donated K500,000 to the Metago Working Group (MWG) on February 5th in Port Moresby to support MWG’s efforts in the second phase of upgrading the Metago College into a fully-fledged university. This brings OTML’s financial support to MWG to K1 million after initially donating K500,000…
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OTML Reports Strong, Safe & Reliable 2024 Performance
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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. In 2024, OTML achieved outstanding strong, safe and reliable production results, surpassing set targets for copper, gold, and silver. The company produced 103,246 tonnes…
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OTML replaces two Ball Mill Units to bolster its processing operations
Ok Tedi Mining Limited (OTML) recently replaced two of its 40-year-old Ball Mill Units at a cost of USD$14.59 million. The new Ball Mill units will bolster OTML’s processing operations and production output and generate revenue for our shareholders. The project was led by the Processing Maintenance Department with the…
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OTML to generate K40 Billion over next 26 years.
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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. Managing Director & Chief Executive Officer, Kedi Ilimbit, revealed this today during his presentation at the 2024 PNG Chamber of Resource & Energy Investment Week…
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OTML to generate US$1.5 billion revenue
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Ok Tedi Mining Limited (OTML) is on track to generate US$1.5 billion (K5.8 billion) in revenue for 2024. This is a significant increase from 2023 (31%), 2022 (45%) and 2021 (98%). Managing Director & Chief Executive Officer, Kedi Ilimbit, announced the record revenue at the 2024 PNG Chamber of Resource…
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Recent News
- Ok Tedi Sponsors UPNG Law School Moot Court Competition
- Ok Tedi Completes Signing of Revised Community Mine Continuation Agreement 2026-2033
- Ok Tedi’s Misima Minerals granted EL 1747 for Misima Deposit
- Ok Tedi supports UPNG Medical School with funds for HD Virtual Anatomy tables
- Ok Tedi Recognises 386 Long Service Employees