Category: General News
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OTML commits to industry-institution relationship with PNGUoT
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Ok Tedi Mining Limited (OTML) is committed to maintaining an industry-institution relationship with the Papua New Guinea University of Technology (PNGUoT) to ensure the institution produces quality graduates that are ‘industry ready’. OTML Managing Director & Chief Executive Officer, Kedi Ilmibit, said this on 8th February at the opening week…
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OTML generates K684 million for December 2023
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Ok Tedi Mining Limited (OTML) generated a record K684 million (USD$184 million) for the month of December in 2023, the highest recorded monthly revenue for the year. This result comes off the back of increased production and favourable metals prices, which were above budget for the month. Other factors contributing…
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Ok Tedi provides industrial training opportunity for Unitech students
Ok Tedi Mining Limited (OTML) is assisting four final year students from the University of Technology by providing them an opportunity to conduct their four-week industrial training commencing this month. The Industrial Training component of the UNITECH undergraduate studies is a mandatory requirement for the undergraduate students to ensure they…
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OTML exceeds annual dredge and rehabilitation target
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Ok Tedi Mining Limited (OTML) has surpassed its annual sediment dredge target of 10 Million Cubic Meters (Mm3) and its rehabilitation target of 35 hectares for 2023 at its Bige Operations, located 125km from the mine. The Bige Operations dredged 10.3 Mm3 of river sediments and rehabilitated 40 hectares (ha)…
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Ok Tedi Declares Final Dividend Payment of PGK350 Million for 2023
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Ok Tedi Mining Limited (OTML) announced a final dividend payment of PGK350 Million to its shareholders on 28th December 2023, bringing the total dividend to K450 Million for the year. The Company had declared an initial interim dividend payment of PGK100 Million on 26th October citing a positive outlook for…
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OTML’s Safety Manager scoops international women’s safety award
Ok Tedi Mining Limited’s (OTML) Safety Manager, Anna Ila was the proud recipient of the Leader of the Year Award at the ‘Women in Safety’ Awards in Sydney, Australia on November 27th. Women in Safety is a network of women who are safety professionals in Australia and the Asia Pacific…
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K30 billion in benefits expected from mine life extension
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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…
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OTML continues to invest in Gender Diversity
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Thirty-three (33) women employees from Ok Tedi Mining Limited (OTML) graduated with a certificate of participation in the Company’s RISE Program on November 22nd and 29th respectively in Tabubil. Due to the work rosters, the program hosted two graduation ceremonies to cater for all the participants while onsite. In April…
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OTML backs Kiunga Catfish for Agmark Sepik 9’s
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The Kiunga Catfish Rugby League team aims to make waves in the upcoming Agmark Sepik 9’s Rugby League Tournament, thanks to a generous K5000 sponsorship from Ok Tedi Mining Limited (OTML). OTML presented a cheque to the executives of the Kiunga Catfish in Tabubil, injecting much-needed financial support to aid…
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Recent News
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