OTML Board Chairman Sir Moi Avei

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.