Category: Operations
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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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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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Recent News
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- Ok Tedi signs pilot road construction project for Tabubil/Olsobip Junction and Golgubip Station