Ok Tedi Mining Limited

Final K200m dividend for shareholders: OTML

This payment is in addition to the interim 2018 dividend of K100 million paid in July 2018.

Following the transfer of additional equity from the State to Western Province entities in April 2018, 67 percent of these dividends are paid to the State, with the remaining 33 percent paid to the Fly River Provincial Government, CMCA and Mine communities.

First female mine manager works in PNG

Hillary Turnamur is the first female in Papua New Guinea to be awarded a Certificate of Competency as Mine Manager Works in accordance with the requirements of the Mining (Safety) Act and Regulations.

Turnamur, Manager Kiunga Operations, is from Toma in the East New Britain Province. She received notice of the award from the Mineral Resources Authority (MRA) after meeting the experience requirements and successfully completing an oral and written examination.

OTML aims for more female trainees in 2019

Managing Director and CEO Peter Graham made this remark during the 34th Combined Graduation ceremony for 36 apprentices and 3 PAD trainees, witnessed by family members, OTML management and contractor partners.

“We want to increase diversity in our workforce, in particular a stronger representation of women. While we currently have some very talented female employees across a range of functions, at only 10 percent of our current workforce, females are under-represented and we are missing this talent,” Graham said.

Tabubil town lights up

Organised by Ok Tedi Mining Limited, the display included Christmas lights lacing the walkway of the town centre as well as the OTML headquarters.

A seven metre Christmas tree was the centerpiece while the main highlight was the arrival of Santa Claus on a fire truck, greeting excited children and parents before giving out presents.

Several choir groups sang Christmas carols, including the Tabubil Catholic Church children, the AOG Church Choir, the East New Britain Choir Group and the Starmart Supermarket Choir.

OTML announces K160m dividend

In a statement, chairman Sir Moi Avei said the result follows a strong first half year performance of the mine.

The result exceeds OTML’s forecast expectations with good copper prices, resulting in strong profits despite many challenges.

“The Mine has exceeded forecast metal production year to date and in recent months, we have seen a higher than forecast copper price further strengthening profitability.

250 Western Province students qualify for OTDF scholarship

The students are from the Preferred Area Development area and Community Mine Continuation Agreement Trust region areas of Western Province.

The PAD covers the Ok Tedi mine-impacted villages and also the Telefomin District of Sandaun Province while the Trust covers eight regions – Nupmo, Tutuwe, Wai Tri, Middle Fly, Suki-Fly Gogo, Manawete, Dudi, and Kiwaba.

The scholarship program is funded by the CMCA Trusts and the PAD under Ok Tedi Mining Limited at a cost of about K2.69million and includes both new and continuing students.

PNG Loop's 5 @ 5

PM O’Neill says K5 million bribery claim ‘a complete lie’


The accusation by an Opposition MP claiming the Government offered him K5 million to join its ranks during the Vote of No – Confidence is a complete lie, says Prime Minister Peter O’Neill.

Police presence to increase in NCD

New K2.1m jetty for South Fly people

Built at the Dudi Trust Region, Madire village jetty, which was opened last week, was funded through the OTML Tax Credit Scheme (TCS) at a total cost of K2.1 million.

Ok Tedi Development Foundation (OTDF), manager infrastructure development, George Kombe, says a total of K14.79 million through the TCS was approved to construct and upgrade five jetties in the South Fly Region.

The other four are; Sturt Island and Suki jetties in Suki Fly Gogo Region, Waliyama jetty in Manawete Trust Region, and Gesowa jetty in Kiwaba Trust Region, South Fly.

Dry spell to force shutdown on Ok Tedi

 A statement a short time ago said however the mine will continue to operate “while critical supplies allow’’.

OTML said it is preparing to shut down its operations “temporarily as a result of the dry weather event that is already significantly impacting its operations’’.

The mine’s operations have been affected like this in past years, especially during protracted dry weather.

The statement says: “River traffic on the Fly River into and out of Ok Tedi’s main river port at Kiunga has been unreliable for some weeks due to low water levels.