Ok tedi mining
| Ok tedi mining. We also have a representative office in Port Moresby, PNG and a logistics facility in Brisbane, Australia. Oct 14, 2024 | Community, General News, Health, Human Resources, Operations. It is also a sign of the confidence the board has in the company’s ability to deliver over the next two decades. Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea, operated by Ok Tedi Mining. Ok Tedi Mining Limited | 139,257 followers on LinkedIn. 9 billion) and an annual profit of about US$200 million (K786 million). Ok Tedi produces copper and gold from its Mt Fubilan mining and Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Ok Tedi Mining Limited is a Papua New Guinean company that operates the Ok Tedi Mine in the Western Province. This marks the highest monthly revenue recorded throughout the entire year. Find out how the mine was taken over by the PNG Government, how it was sued by local landowners, and how it was extended to 2025. Musje Werror, managing director and chief executive officer, spoke at the PNG Mining and Petroleum Conference and Exhibition in 2021. Dec 6, 2021 · Photo: Ok Tedi Mine. The mine began producing gold in 1984. Ok Tedi Mining Limited (OTML) is a 100 percent Papua New Guinea (PNG) owned entity that operates the Ok Tedi Mine, the longest running open-pit mine in PNG. Discovered in 1968, the mine is operated by Ok Tedi Mining Limited (OTML), a wholly owned company of the mine owner Papua New Guinea Sustainable Development Program Limited (PNGSDPL). Jul 15, 2021 · The state's 67 percent stake in Ok Tedi Mining Limited has been transferred to Kumul Minerals Ok Tedi Limited (KMOTL). OK Tedi is a business focused on the safe and profitable development of its ore reserves for the benefit of the people of Papua New Guinea. The Impact of the Ok Tedi Project: A Regional Overview The Ok Tedi mine is located in the Star Mountains in the northwestern corner of Western Province (see maps 1 and 2). Follow its LinkedIn page for updates on operations, sustainability, community development, and career opportunities. About 1,800 are Papua New Guinea citizens and 800 live within a 40-kilometer radius of the mine. By December 2001, the mine had Apr 26, 2024 · Papua New Guinea copper & gold mining major Ok Tedi Mining Ltd (OTML) has announced a record production result for the first quarter of 2024, with an achievement of 26,114 dry metric tonnes (dmt) of copper, marking a substantial increase of 61% compared to the same period last year which was 16,265 dmt. A 100% PNG owned company, Ok Tedi Mining Limited operates the longest running open-pit copper, gold and silver mine in Papua New Guinea. Interestingly, Ok Tedi mine was due to be closed in 2010. Learn about the severe harm caused by the Ok Tedi Mine to the environment and people of Papua New Guinea from 1984 to 2013. Ok Tedi operates a large-scale copper and gold mining and processing facility in the Western Province of Papua New Guinea, with ore mined from at an annual rate of 24 million tonnes. Sep 22, 2023 · The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050, marking a significant milestone for OTML, its shareholders and for Papua New Guinea (PNG) in general. This report is the fourth report prepared according to the GRI Core General Standard Disclosures of reporting and the Mining and Metals Sector Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. Mt Fubilan is a rich coppergold-silver deposit with several phases of mineralisation centred on two intrusions, known as the Fubilan monzonite porphyry, located in the northern half or Centre Pit area and the Sydney Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. The project was the coun try's first major post-independence mining operation, embarked on Jan 22, 2024 · In a groundbreaking achievement, Papua New Guinea's Ok Tedi Mining Limited (OTML) has set a new record by generating an unprecedented K684 million (USD$184 million) in revenue for the month of December 2023. Production: About 200,000 tons of copper and 500,000 ounces of gold a year. OTML produces copper concentrate with gold and silver, and contributes to PNG's GDP and Western Province development. It's the culmination of the state's wider reorganization of its Aug 11, 2024 · Ok Tedi Mining Limited currently generates annual revenue of approximately US$1 billion (K3. Ok Tedi Mine: Some Facts and Figures Operating Life: 1984–2010. The Australian Conservation The Ok Tedi mining operations are centred on the Mt Fubilan deposit located in the Star Mountains of the Western Province. It has a controversial history of environmental damage, social issues and nationalisation. Ok Tedi Mining Limited (OTML) is excited to announce the rollout of the long-awaited HPV (Human Papillomavirus) Screening and Treatment Program aimed at the prevention of cervical cancer. During the conference, OTML’s Allan Ila highlighted the potential of deep-seated porphyry copper-gold intrusive stocks and skarn prospects in the Ok Tedi region. Ok Tedi Mining Limited is a 100% PNG owned open-pit copper and gold mine in the Western Province. The paperwork for the transfer of shares were signed in Government House. A 100% PNG owned open-pit copper and gold mine located in the Star Mountains of the Western Province of Papua New Guinea | The Ok Tedi Mine is an open-pit copper and gold mine located in the Star Mountains of the North Fly District of the Western Province of Papua New Guinea. Kumuls Minerals Holdings Limited's subsidiary KMOTL is a wholly owned subsidiary of Kumuls Minerals Holdings Limited (Kumul Minerals). vide some necessary background on the regional dimensions of the Ok Tedi project. Declining fish stocks: In the past, Ok Tedi’s reports revealed that fish stocks in the upper Ok Tedi had declined between 50% and 80% from pre-mining levels. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. 8 percent. Ok Tedi Mining Limited officially launched the Community Mine Continuation Agreement (CMCA) Extension Review Project 2024 – 2025 on 17th February and commenced engagement meetings on 19th February. The CMCA Extension Review Project will be conducted from 2024 to 2025 with the aim to obtain consent from the 158 mine impacted villages to extend 4 OK TEDI MINING LIMITED The Global Reporting Initiative’s (GRI) G4 reporting guidelines have been used in this Annual Review to guide the disclosure of non-financial material information. Jobs: Ok Tedi Mining Limited (OTML) employs about 2,000 staff. Sep 3, 2024 · Our client Ok Tedi Mining Limited has operated successfully in the Start Mountains of the Western Province, PNG for over 36 years. The Yonggom, a language and cultural group of around 4,500 living in the Lower Ok Tedi area, have been particularly hard hit from the impact of the mine. Company profile page for OK Tedi Mining Ltd including stock price, company news, executives, board members, and contact information. However, following extensive mining studies which resulted in the further definition of the Mt. Our registered office is located in Tabubil, Western Province, PNG. Over the next few years, OK Tedi Mining Limited expects to witness a gradual growth in dividends of up to K1 billion each year. Apr 9, 2021 · The following year, Ok Tedi became a majority state-owned enterprise when the SDP shares were cancelled, and the government of PNG scaled its direct ownership to 87. Fubilan resource Jul 20, 2011 · The OK Tedi Mine is an open cut copper operation located in Papua New Guinea, close to the headwaters of the OK Tedi River. Learn about its history, environmental impact, women's network and more. fdpo qejwrtm kbbibx ulxzco gay yha pclvw wzxaqbs awhrt whtm |