Ok Tedi Ltd equity

NEC to transfer 33% Ok Tedi equity to people of Western

Prime Minister Peter O'Neill revealed thus in Parliament saying this include landowners, mine villages and the provincial government.

He said it is a totally different approach to the past where the people of Western Province only received dividends on the 6.1 percent of shares that were held by the State.

"We are now providing direct equity participation for the people of Western Province and this will further allow for participation at the board level.