Category: Operations
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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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Undergrad Scholars undergo Industrial Training
Ten high-performance students from the PNG University of Technology and the University of Papua New Guinea have been selected to be involved in an immersive 11-week industrial training program with Ok Tedi Mining Limited (OTML). The trainees from UNITECH (7) and UPNG (3) are third-year undergraduates under OTML’s Undergraduate Students…
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Ok Tedi provides career pathways for Kiunga Vocational Centre Students
Ok Tedi Mining Limited (OTML) through its Major Projects Team will be conducting its second “Preferred Area Work Experience On-The-Job Training” program in 2023 with the recent intake of 20 students from the Kiunga Vocational Training Centre in Western Province. The Major Projects Team initiated this program last year with…
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Ok Tedi pays interim dividend of K100M
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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…
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OTML Board approves in principle mine life extension to 2050
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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…
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OTML operations on track amidst El Nino concerns
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Ok Tedi Mining Limited’s (OTML) operations are on track amidst recent concerns about the dry weather conditions in the Western Province. Responding to numerous queries by the mainstream media, OTML Managing Director and Chief Executive Officer, Kedi Ilimbit said, “OTML is monitoring the situation and has a comprehensive Dry Weather…
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OTML strengthens ties with Mitsubishi Materials Corporation
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Ok Tedi Mining Limited (OTML) hosted esteemed representatives from Mitsubishi Materials Corporation (MMC), one of its leading customers of copper concentrate from Japan last week. Among the distinguished visitors were General Manager – Raw Materials Department, Mr. Hiroyuki Tsukamoto; Deputy General Manager – Raw Materials Department, Mr. Masahide Iwataki; Manager…
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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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OTML committed to ensuring sustainable livelihoods for local communities
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Ok Tedi Mining Limited (OTML) is committed to our vision of social value which reflects our purpose through providing business opportunities in ensuring our local communities ‘transition towards a more sustainable future after the Life of Mine. Among many initiatives and programs in place that contribute to achieving this commitment…
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Recent News
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