Category: Financial
-
K30 billion in benefits expected from mine life extension
|
Ok Tedi Mining Limited projects over K30 billion (US$8.0 billion) in Social Benefits, which includes taxes, royalties, and dividend payments, over the next 27 years. This is based on the company’s current Strategic Business Plan which includes Life of Mine (LOM) extension to 2050, ushering in significant sustainable development for…
-
Ok Tedi pays interim dividend of K100M
|
Shareholders of the Ok Tedi Mining Limited (OTML) have a reason to smile today as the Company paid an interim dividend of K100M on Thursday October 26th while also citing a positive outlook for a final dividend payment for December 2023. OTML Board Chairman Jeffrey Innes said, “We are proud…
-
OTML Board approves in principle mine life extension to 2050
|
The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. This marks a significant milestone for OTML, its shareholders and for Papua New Guinea in general and is a sign of the confidence the Board has in the company’s…
-
OTML creates investment opportunity for locals
|
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…
-
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…
-
Ok Tedi addresses factual inaccuracies in COSOL’s ASX announcement
|
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…
-
OTML provides the PNG Economy more than US$600 Million in Foreign Currency annually
|
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.…
-
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…
-
Indonesian Ambassador visit Ok Tedi
|
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…
Categories
- Community (148)
- covid (10)
- Environment (41)
- Financial (48)
- General News (230)
- Geology & Exploration (10)
- Health (44)
- Human Resources (84)
- Operations (147)
- Uncategorized (16)
- Workplace Safety (43)