Category: Financial
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OTML creates investment opportunity for locals
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Ok Tedi Mining Limited (OTML) has successfully engaged the eight Community Mine Continuation Agreement (CMCA) regions women and children’s associations, and the Mine Villages women and children’s association, to enter into an investment partnership with two other local landowning groups. This investment opportunity involves a 50 percent stake valued at…
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OTML focused on delivering maximum returns
Ok Tedi Mining Ltd (OTML) is strengthening its operations to deliver maximum return to PNG shareholders, mine impacted communities and the people of Papua New Guinea. Managing Director and CEO Kedi Ilimbit said this when speaking to OTML and Business Partner employees during a roadshow conducted from the 06th to…
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Ok Tedi addresses factual inaccuracies in COSOL’s ASX announcement
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Ok Tedi Mining Limited (OTML) hereby issues this statement to address the factual inaccuracies contained in the recent ASX Announcement by Cosol Limited on 11 July 2023. We have recently become aware of Cosol’s ASX Announcement titled “Cosol signs $17m contract to deliver asset management services to global leader in…
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OTML provides the PNG Economy more than US$600 Million in Foreign Currency annually
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Ok Tedi Mining Limited (OTML) brings 100% of its sales revenue into the country and provides an average of more than US$600 Million in foreign currency annually into the Papua New Guinea market. This year, the Company has already provided US$272 Million into the PNG market as at June 20th.…
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Ok Tedi Board announces interim appointment of Acting CEO
The Ok Tedi Mining Limited Board of Directors has appointed Kedi Ilimbit as the Acting CEO of the Company at its meeting on Wednesday 08th March. The appointment is in accordance with Mr Ilimbit’ s current position as the Deputy CEO and General Manager Community & Operations Support. The OTML…
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Indonesian Ambassador visit Ok Tedi
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The Ambassador of Indonesia to Papua New Guinea and Solomon Islands, His Excellency Andriana Supandy, recently visited the Ok Tedi mine on February 22. Ambassador Supandy, together with his delegation was accompanied by Member for North Fly and Vice Minister for Mining and Border Development James Donald as part of…
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Ok Tedi Declares PGK300 Million Dividend Payment for 2022 And Extends Mine Life by a Further Year
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Ok Tedi Mining Limited (OTML) today announced that a dividend of PGK300 Million will be paid to shareholders on or before 31 December 2022.
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Ok Tedi Media Release – Ok Tedi to Generate PGK19 Billion for PNG in next 11 years
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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. Mr Clark said this today when speaking at the PNG Mining and…
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OTML takes top award in 2021 NASFUND Employer Awards
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Ok Tedi Mining Limited (OTML) has been awarded the 2021 Employer of the Year Award by Nasfund, the largest private-sector superannuation fund in PNG.
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Recent News
- Ok Tedi responds to MP James Donald’s statement on cmca extension agreement
- Ok Tedi Strengthens Community Safety with Support to Water Police
- Ok Tedi Reaffirms Commitment to Growth and National Development at PNG Investment Week
- Ok Tedi signs pilot road construction project for Tabubil/Olsobip Junction and Golgubip Station
- Ok Tedi Sponsors UPNG Law School Moot Court Competition