Ok Tedi Mine Ltd (OTML)

OTML COVID-19 Test Results Negative

The Company also said test results have yet to be received for two subsequent cases that reported to the Tabubil Hospital with flu-like symptoms.

OTML Managing Director and Chief Executive Officer Peter Graham said: “We are pleased that people have come forward for testing and we will continue to work closely with the IMR to ensure a quick turnaround of results.”

“The safety and wellbeing of our employees, contractors and our communities is paramount, and we are doing all we can to ensure they are all remain safe and healthy,” he said.

33pc from OTML transferred to locals

In announcing this yesterday, the OTML Board Chairman Sir Moi Avei explained that this means the villages will also get two seats on the OTML board.

The company made a dividend of US$100 million last year, hence this share agreement will see the communities be significantly boosted in terms of funding.

Sir Moi says with the value of the mine set to increase, the communities have acquired a precious investment.