OTML chairman Sir Moi Avei

OTML announces dividends

This is one-third of total dividend of K150 million declared by OTML for payment in December 2016.

The revelation of dividend payments should be welcome news for affected villages and CMCA landowners who, although received compensation payments, did not get dividend payments in 2015 due to the mine’s closure.

The announcement comes off the back of OTML performing strongly despite restarting operations in March this year following a seven-month closure due to the El Nino drought.