Category: Operations
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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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Cowboys greats conduct awareness in local communities
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Ok Tedi Mining Limited (OTML) hosted former professional rugby league players from the North Queensland Cowboys, Gavin Cooper and Michael Morgan, from July 16th to July 19th, 2023. Their visit marks an exciting partnership between OTML and the North Queensland Cowboys as part of strengthening the company’s commitment to the…
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Ok Tedi addresses factual inaccuracies in COSOL’s ASX announcement
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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…
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OTML implements solution to environmental risks
In its continuous efforts to mitigate environmental risks and impact to the environment, Ok Tedi Mining Limited (OTML) is the first Papua New Guinean Company to venture into ‘used tyres recycling’ after it commissioned its Tyre Pyrolysis Plant (TPP) in February this year. The new TPP cost over US$30,000 and…
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OTML provides the PNG Economy more than US$600 Million in Foreign Currency annually
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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.…
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Recent News
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