Mine Continuation

Ok Tedi Mining Limited will continue operations in the Star Mountains of the Western Province until at least 2025. Mine closure had originally been planned for around 2010 however, after completing extensive studies and analyses, which resulted in further definition of the Mt Fubilan resource, the company has a profitable future as a competitive producer of copper, gold and silver for the next decade or more. The continuation of the mine was agreed to and supported by the communities affected by the mine’s operations. This was achieved through an extensive consultation and engagement process from 2009 through to 2012.