Ok Tedi Mining Limited (OTML)

K50m Road Agreement Signed

The agreement was signed today in Port Moresby between OTML and contractor, China Railway Construction Engineering Group Co. Limited for Phase One of the project. 

Funded under the Government’s Infrastructure Tax Credit Scheme (ITCS) program, the project will be undertaken in three phases, with Phase One to start in February, this will include the upgrade and sealing of the highway starting at Kilometre-3 near Kiunga town. 
Phases 2 and 3 will follow suit once further funding is available through the ITCS. 

OTML Donates Medical Supplies

OTML’s Eastern Highlands staff sent a request to the company requesting that they provide donor assistance to the hospital in medical supplies due to the surge of COVID-19 cases and deaths in the province.

OTML General Manager Community and Operations Support, Kedi Ilimbit said OTML is a PNG-owned company and it was only right that it extend its support and assistance where needed by the hospital.

OTML denies LO’s claim

This is in response to media seeking clarification from claims by certain Mt Fubilan Landowners that a court ordered Mine Pit Benefit payments have not been made by OTML.

LO’s claim that documents verifying that court ordered payments were submitted to OTML and are yet to receive a response, however, OTML confirms to receiving this and had responded in February.

K20m for Western’s COVID-19 response

OTML acting managing director and chief executive officer, Kedi Ilimbit, made the announcement, saying OTML’s commitment demonstrates the Company’s seriousness in addressing PNG’s escalating COVID-19 situation.

Ilimbit said PGK10 million will be given to the Port Moresby General Hospital and other agencies as determined by the National Government while the other PGK10 million will be used for the procurement, distribution and roll-out of vaccine in Western Province, with priority given to the OTML workforce, contractors and residents.

OTML welcomes new trainees

Sixteen intakes are with the Graduate Development Scheme for a duration of two years, while 24 are trade graduates who will undergo a four-year apprenticeship training.   

OTML Managing Director & CEO, Musje Werror, said: “Ok Tedi’s training programs are second to none and aimed at developing trainees to reach their full potential in their professional career paths and personal development.”  

He said despite the delay in the recruitment drive due to the onset of the pandemic, all trainees are onsite and excited to be part of the Ok Tedi family.   

OTML declares final K400m dividend

This follows payment of an interim dividend of PGK150 million in September this year.  

Sir Moi said despite the challenges of the COVID-19 pandemic, which resulted in a six-week suspension of operations, “OTML has had a strong and profitable year and this has enabled the Company to complete the PGK800 million self-funded investment in the Crusher Replacement Project, distribute PGK550 million to our shareholders and retain a strong and debt free balance sheet”.  

OTML to commission new crusher

“Despite a number of setbacks by the dry weather event at the start of the year and the COVID-19 pandemic, the excellent effort by the major projects team and with support from other departments has enabled the project to be delivered safely and within budget,” said OTML Managing Director and Chief Executive Officer, Musje Werror. He was speaking during the November 2nd handover of the new crusher to the operations team as part of the commissioning phase. 

COVID-19 cases force Ok Tedi Mine suspension

This has occurred despite Ok Tedi implementing a shutdown of all charter flights in and out of Tabubil on Tuesday 28 July 2020. This action was taken in response to the escalation of positive cases in Port Moresby, and with intent of protecting our workforce, our community and our operation.

The source of transmission is a person who travelled from Port Moresby to Kiunga on Friday 31 July 2020 on a commercial airline. Unfortunately, one of the positive cases in Tabubil is an employee who inadvertently caught the virus from a close contact of the Kiunga traveller.

Humbling medevac experience

Angela Gul, an intensive care nurse was part of the medevac on June 24 that went to Seltamin village, about 30 minutes by chopper from Tabubil, to rescue young Moses Stanley who had been suffering from diarrhoea and fever for a month.

When the medevac team arrived at the village, the boy was very pale and dehydrated and was lying in his mother’s arm. Young Moses was also a septicaemia patient which added to his deteriorating condition.

Gul was able to stabilise the boy with saline fluids while in the chopper returning to Tabubil.

All OTML COVID-19 test results return negative

OTML Managing Director and CEO Peter Graham said the three individuals and their close contacts – who have each been under quarantine – have all been cleared after final medical checks.

Between March 15th and March 20th, OTML identified seven (7) potential cases, for whom samples were sent to the PNG Institute of Medical Research (IMR) for testing.

While the results for the first four cases returned negative last week, up until yesterday OTML was still awaiting the results for the remaining three cases.