Ok Tedi Mining Limited

OTML Donates to Disaster-Affected Provinces

The donation comes after East Sepik faced devastating floods and a 6.9 magnitude earthquake, leading to significant destruction along the Sepik River. Similarly, Chimbu Province experienced severe landslides and flooding due to the same earthquake and heavy rainfall, resulting in extensive damage to homes, crops, and critical infrastructure.

25 graduate from OTML programs

The GDS program saw a total of 15 trainees graduate on January 27, 2023 from various disciplines of Accounting, Electrical Engineering, Environmental Health, Geology, Human Resource Management, Information & Communications Technology, Mechanical Engineering, Mining Engineering, Mineral Processing and Surveying.

The 10 trainees remaining graduated from the PAD program in Business Studies, Power Operations, and Process Plant Operations.

New police barracks in Tabubil

The barracks comprising 18 air-conditioned rooms, with eight self-contained rooms and 10 regular rooms with shared ablution facilities, a kitchen, and a dining area was funded under the Ok Tedi Infrastructure Tax Credit Scheme (ITCS) at a cost of K2 million.

The new facility replaces the old police single quarters barracks which was rendered uninhabitable by the Health Inspector in 2018.

Chan resigns to contest

Mr Chan who was also member of the OTML Board’s Audit and Risk Committee since his appointment on the 1st August, 2018 submitted his resignation on Sunday January 16, 2022 to contest the National General Elections in June this year.

OTML Starts COVID Booster Rollout

This follows the release of the Booster Vaccination Direction by the Pandemic Controller.

OTML Managing Director & Chief Executive Officer, Musje Werror, was the first to receive his booster jab in front of OTML and Tabubil Hospital staff and urged other employees, contractors and members of the community to get their boosters including those that are yet to be vaccinated.

He said COVID-19 is still present and continues to cause challenges in all the countries around the world and the new variants are emerging is affecting the lives of many people.

OK Tedi to develop region with increased TCS

Along with strengthening production from the mine, the change will see a significant increase in annual tax credits, where the funds will be used to develop essential projects in Health, Education, Law & Justice and Transport Infrastructure & Utilities, in the Western and neighboring Sandaun Provinces.

OTML declares K150m interim dividend

Sir Moi noted that despite a fire incident at the mine’s processing facility late last year that impacted its January 2021 production, and a two-week suspension of operations in March 2021 due to COVID19, OTML had benefitted from improved second quarter production and strong metal prices.

Fire causes outage at OTML

The fire caused damage to electrical and communication cables, and some parts of the MCC. 

OTML Managing Director & CEO, Musje Werror, praised the processing and emergency response teams, noting that: “The combination of fire protection systems performing as expected and the quick response from the onsite teams helped contain this incident, thus minimising damage to a key piece of infrastructure, and ensuring that no one suffered any injury”.

Werror appointed as OTML MD

Werror’s appointment was announced by Chairman of Ok Tedi Mining Limited Board, Sir Moi Avei, following the Ok Tedi Mining Limited 2019 Annual General Meeting held on 22 May 2020.

Werror’s career spans more than 30 years with Ok Tedi, having joined via the Company’s Graduate Development Scheme.

He progressively assumed more senior roles leading to his current position as Deputy CEO and General Manager External Relations.

Ok Tedi Declares K754m profit

Sir Moi noted: “The Company distributed PGK 400 million in dividends during 2019 while investing a further PGK 408 million in the strategically important Crusher Replacement Project. This project will be completed later this year enabling access to higher grade ore and delivering an increase in production and cash generation in 2022 and beyond.”

“The results reflect the benefit of improved production and continued cost discipline and were particularly pleasing given that dry weather had prevented shipping on the Fly River for more than 50 days at the end of 2019” said Sir Moi.