Category: Operations
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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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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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Recent News
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