Ok tedi mining latest news. The 26 trainee apprentices that recently joined the Ok Tedi Mining Limited’s (OTML) apprenticeship training programme for 2024 have successfully signed their indenture contracts with the company and the National Apprenticeship Trade Testing Board (NATTB) on July 24th in Tabubil. The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension of the Ok Tedi mine from 2033 to 2050 which will see the mine generate in excess K30 billion for the country. We Ok Tedi Mining Limited (OTML) has come on board as a Gold Sponsor of the 2024 Geoscience, Exploration & Extraction (GEE) Conference and Exhibition with the presentation of K100,000 to event hosts, the Mineral Resources Authority (MRA). Education and training, Latest news OK Tedi celebrates graduates. We also have a representative Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. 4% majority owner of OTML, with the State of PNG owning the Mr Tambua said this when launching a vanilla project funded by Ok Tedi Mining in Kiunga, Western Province, last Thursday. 9 billion) and an annual profit of Pacific Mining Watch Website was designed to bring all the latest mining news in the Pacific. Ok Tedi Mining Limited (OTML) has announced that its mine operations will resume on Thursday 01st April 2021 after operations were suspended temporarily on 19th March 2021 following a surge in COVID-19 cases detected at the mine site. We The OK Tedi Mine is an open cut copper operation located in Papua New Guinea, close to the headwaters of the OK Tedi River. grade improving by more than 20% in 2023 as the transition continues” adding that this and a further extension of mine life (from 2032 to 2033) in the latest Strategic Business Plan recently approved The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2. Read Recent News. Events held throughout the four Ok Tedi Mining Limited has allocated K51 million from 2018 to 2024 for national support initiatives, aiming to aid affected areas throughout PNG. Common requirements. Panguna, Ok Tedi, Porgera, Lihir, Ramu) but always with controversial environmental standards and social impacts often overlooked or ignored. “It is the mining flagship of our country, of which the people of the Western Province and the country should rightly be proud. At the time, I had residential status in [] Latest News; Companies; Big Issues. Find out more about our Company Response Mechanism. Ok Tedi immunity gone, with implications beyond BHP [Papua New Guinea] Content type: Article Date: 22 Oct 2013; PNG government takes control of Ok Tedi mine, repeals laws protecting BHP from legal action over pollution Content type: Article Date: 20 Sep 2013; View full timeline View full timeline The revised Memorandum of Agreement (MOA) for Papua New Guinea’s largest mine, Ok Tedi was signed in June this year. Get the latest news delivered straight to your inbox! Email address: I have read and agree to OK TEDI Mining Limited Chief Executive Officer and Managing Director, Musje Werror, says Ok Tedi is more than a mining company. October 16, 2024. The Ok Tedi environmental disaster caused severe harm to the environment along 1,000 km (620 mi) of the Ok Tedi River and the Fly River in the Western Province of Papua New Guinea from 1984 to 2013, with the A new MD for Ok Tedi Mining, appointees to the new PNG Rubber Board, an acting CEO for the PNGRFL and others appointments. Mek Kelly was appointed Manager Mine Maintenance effective as of November 19th 2021. OTML receives license to operate Health Services; OTML donates K550, 000 to UPNG’s Earth Sciences Division About Us. We Nigel Parker, Managing Director and Chief Executive Officer of Ok Tedi Mining Limited (OTML), shares his thoughts on corporate social responsibility, mine life extension and what it means to lead a major mining company in a global market. Metro Mining yields strong bauxite shipments; At 5pm Papua New Guinea local time yesterday, a section of rock and dirt fell from the western wall of the Ok Tedi mine into a sump at the bottom of the pit where a worker was attending to pit drainage. Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration with up to date data on the most mined metal and mineral commodities. Get the latest news delivered straight to your inbox! Email address: I have read and agree to the PNGSDP owns 63. The company reported an outstanding The mine life extension reaffirms OTML’s commitment to sustainable growth, economic prosperity, and community well-being supported by environmental sustainability, community development and operational excellence. 2 billion (about K4 billion) into the country, of that we retain back 30 per cent, 70 per cent we sell it to the market A delegation from the East Sepik Provincial Administration visited Ok Tedi Mining (OTML) in early August to prepare for the upcoming Frieda River copper-gold project. We The mine is located on the Ok Tedi river, close to the border with West Papua. PNG Mining keeps readers up to date on news, trends and insights, Ok Tedi Mining Limited hosted the Minister for Mining and Member for Kundiawa Gembogl, General News (137) Geology & Exploration (2) Health (30) Human Resources (48) Operations (82) Uncategorized (12) Workplace Safety (25) Recent News. Commentary Recent News. LAW & ORDER SITUATION AFFECTING MINING Ok Tedi Mining Limited (OTML) has donated K550, 000 to the University of Papua New Guinea’s (UPNG) Earth Sciences Division & Centre for Disaster Risk Reduction, upgrading the division’s Computer Laboratory for students and teaching staff. Mr Kelly started with OTML 18 years ago as an apprentice and then joined the Mine [] Recent News. We have recently become aware of Cosol’s ASX Announcement titled “Cosol signs $17m contract to deliver asset management services to global leader in Copper and Gold Mining,” which [] Ok Tedi Mining Limited recently welcomed 29 new intakes under its Graduate Development Scheme Program for 2024. Pacific Mining Watch Website was designed to bring all the latest mining news in the Pacific. The Ok Tedi environmental disaster caused severe harm to the environment along 1,000 km (620 mi) of the Ok Tedi River and the Fly River in the Western Province of Papua New Guinea from 1984 to 2013, with the damage still ongoing. Open date 1984. 4 billion long-term fund reserved for future generations, has heated up in Papua Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. PNG Mining keeps readers up to date on news, trends and insights, and is the official resource of the PNG Industrial and Mining Ok Tedi Mining Limited (OTML) is proud to announce the recent appointment of a national to lead the Mine Maintenance Department within its Mining Business Unit. OTML receives license to operate Health Services; OTML donates K550, About Us. Contact the Ok Ok Tedi to Shift to High-Grade Ore Production. The visit was hosted by OTML from August 11–16 and aimed to help the delegates understand the various aspects of OTML’s mine operations. Ok Tedi Mining Limited (OTML) has appointed a national female employee to head its Safety Department. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest Ok Tedi Mining Limited (OTML) is excited offer Corporation Scholarship Awards for 2025 to eligible undergraduate students. LOTIC Bige Limited (LBL), a local umbrella company owned by the people of Lower Ok Tedi, recently opened a new medical centre in Kiunga on Papua New Guinea's largest copper miner, Ok Tedi, has halted operations for the rest of the year due to a prolonged dry spell. The website covers breaking news on Mining, Petroleum, Mining Insurance and campaigns. Subscribe to PNG Mining and receive the latest news on product announcements, industry developments, commodities and more. Wake Goi, the new Minister for Mining and Member for Jimi Open electorate, Ok Tedi Mining Limited’s (OTML) Kiunga Port has been awarded the statement of compliance (SOC). I first came to Papua New Guinea in 2001. The contract has a value of A$17 million and will run for three years. OTML receives license to operate Health Services; OTML donates K550, 000 to There is still more life left in one of the oldest mines in the country, the Ok Tedi Mine in the Star Mountains of the Western province, with the Board of Ok Tedi Mining Limited (OTML) recently approving in principle a further mine life extension from 2033 to 2050. Ok Tedi in numbers. A fresh dispute has erupted over control of a fund set up to benefit the tens of thousands of villagers affected by mining giant BHP’s environmental disaster at the Ok Tedi mine in Papa New Guinea more than 20 years ago. Most Read News. O’Neill is reported as saying ‘by 1st January 2014, if the mine life is extended, the OK Tedi mine will be managed under a new structure. Alexandra Eastwood October 31, 2023, 10:59 am November 1, 2023. Mining minister Byron chan and Star Mountain LLG President Borok Pitalok singing the MOA review in Tabubil. This decisive action comes in response to Puma Energy’s continued inability to supply the nation due to its alleged forex issues. We Ok Tedi Mining Limited (OTML) has announced that applications for its 2022 Apprenticeship Training and Graduate Development Scheme (GDS) programs are now open. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine The life of the key Ok Tedi mine is to be extended for another 11 years, but with falling ore prices, lower head grades and production issues, its miner faces critical challenges ahead. g. Chairman of the Board, Mr Jeffrey Innes said that Mr Ilimbit was appointed following an international search campaign and a thorough assessment Recent News. October 23, 2024. Ok Tedi Mining Limited celebrated Papua New Guineas 49th Independence Anniversary with a four-day program in Tabubil which began last Friday and culminated today. ” Hon. Peter Graham, formally of ExxonMobil PNG, has been appointed as Managing Director and CEO of OK Tedi Mining. The application process is online. According to managing director Musje Werror, the Ok Tedi mine still contains roughly 200 The life of the key Ok Tedi mine is to be extended for another 11 years, but with falling ore prices and diminishing resources, the company faces critical challenges. OTML chief executive officer Kedi Ilimbit said Ok Tedi had so far brought in around US$700 million (about K2. The approval is based on the latest Strategic Business Plan submitted by the Executive Leadership Team discussed during the OTML Board meeting held in Tabubil on September 13. Ok Tedi Mining Limited (OTML) hereby issues this statement to address the factual inaccuracies contained in the recent ASX Announcement by Cosol Limited on 11 July 2023. FY25 Simberi In some much-needed positive resources news, state-owned Ok Tedi Mining’s (OTML) 2019 annual review announced that its copper production increased by three per cent and gold by nine per cent compared to the previous year. Filed Under: Industry sectors, Latest news, Mining/petroleum, News News & Media; Similar Profiles; About Rose Nupiri Read More Rose has over 20 years’ experience in both professional accounting and mining/ construction having worked for Pricewaterhouse Coopers for 3 years and over 10 years with Ok Tedi Mining Limited. 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 Recent News. The Ok Tedi porphyry and skarn copper-gold deposits on Mount Fubilan (2053 mASL) are located in the Star Mountains of far western Papua New Guinea, 18 km east of the Indonesian border. Over 213 people have received the first dose of the AstraZeneca vaccine and 150 have registered to get vaccinated. Our registered office is located in Tabubil, Western Province, PNG. Dilu Muguwa on his first official visit to the mine along with the Minister for Works and Highways and Member for Telefomin Hon. Full story. How to apply. “We intend to bring in another US$300-US$400 million (about K1. All Right Reserved Ok Tedi is a success story and I am fully committed to continuing this great journey. Since 1970, several large mines have been developed in PNG (e. The mine is operated by Ok Tedi Mining (OTM), Ok Tedi Mining Limited (OTML) has been granted a three-year license to provide health services following a successful assessment by the Papua New Guinea Medical Board. All Right Reserved As a 100% Papua New Guinea-owned mining company, OK Tedi Mining Limited (OTML) is the longest-running copper, gold, and silver producer through its operation in the Star Mountains of the North Fly District in the Western Province. Mining is often portrayed as a contributor to sustainable development, especially so in developing countries such as Papua New Guinea (PNG). In a presentation to the PNG Mining and Petroleum Investment Conference, Ok Tedi Mining’s Graham said 600 scenarios for the copper mine were analysed. Must be a PNG citizen; Currently in 2 nd year of undergraduate (2024) Age between 18 and 25 Ok Tedi Mining Limited (OTML) is proud to announce the recent appointment of a national to lead the Mine Maintenance Department within its Mining Business Unit. Get the latest news The Ok Tedi Mining (OTML) 2024 Undergraduate Scholarship Scheme has supported 10 University of PNG students with a funding commitment totalling over K300,000 ($121,000). “We are now reinvesting into the business in terms of putting money into our processing facilities, re OK Tedi Mining Limited has announced four senior appointments as part of its vision 2025 to nationalise all management positions by 2023 and 2025 respectively. Tom highlights their ongoing efforts in the Upper Fly Region of the Western Province, particularly following recent floods that displaced approximately 3000 residents and disrupted livelihoods. The approval is based on the The Ok Tedi copper, gold and silver mine in Papua New Guinea has received a three-year mine life extension from 2026 to 2029. Ambassador Supandy, together with his delegation was accompanied by Member for North Fly and Vice Minister for Mining and Border Development James Donald as part of the ambassador’s tour Anthony Smaré, President of the Papua New Guinea Chamber of Resources & Energy (PNG CORE), on behalf of the PNG energy and resources sector, congratulates Ok Tedi Mining Limited (OTML) on the extension of its Special Mining Lease (SML) and its achievement in continuing to extend the life of Ok Tedi, one of the world’s great mines. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine Ok Tedi Mining Limited (OTML) hosted a delegation from the East Sepik Provincial Administration on a fact-finding mission to gain insights from the Ok Tedi operations to prepare for the upcoming Frieda River Project in the Sepik Region. ‘Constructive dialogue to put in place a fair and transparent exit of 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. Community (77) covid (11) Environment (18) Financial (25) General News (135) Geology & Exploration (1) Health (29) Human Resources (46) Operations (82) Uncategorized (12) Workplace Safety (24) Recent News. (PNGSDP is currently the 63. OTML Manager for Training Capability & Development Ian Strachan encouraged the Ok Tedi Mining Ltd (OTML) has announced several senior appointments as part of its Vision 2025 to nationalise all management positions by 2023 and 2025 respectively. Twenty-two new apprentices officially joined Ok Tedi Mining Limited’s (OTML) Apprenticeship Training Program, after signing their Indenture Contracts with OTML and the National Apprenticeship Trade Testing Board (NATTB) on January 30th in Tabubil, Western Province. ” THE extraordinary battle for control of the vast copper-gold mine at Ok Tedi and of its revenues, including the $1. Recent News. OVER 200 PARTICIPANTS GRADUATE FROM NEW SME TRAINING PROGRAM October 18, 2024; ALOIS TAKES OVER AS THE CPL FOUNDATION MANAGER October 18, Papua New Guinea miner Ok Tedi said that 37 new apprentices have joined its Apprenticeship Training Program, bringing its total current apprentice numbers in the program to 73. Latest news and media releases from Ok Mining Limited and its subsidiaries. Oct 14, 2024 | Community, General News, Health, Human Resources, Operations. ESG The changes which were ratified at an Ok Tedi Mining Limited (OTML) board meeting conducted on January 22, 2023, has seen Nellie James who was the chairlady of the Kumul Minerals Holdings Ltd (KMHL) and a director of the OTML board, and Dr Roger Higgins who was the chairman of the OTML, ceasing their respective roles. 2 Billion in taxes/duties, PGK1. Sign In Log out; Newsletter signup; Subscribe; Home; Companies. We also have a representative office in Port Moresby, PNG and a logistics facility in Brisbane, Australia. Since mining operations commenced in 1984, the mine has generated PGK13 Billion in dividends to PNG shareholders, PGK10. Solan Mirisim on Monday, 13th May. We Ok Tedi Mining Ltd (OTML) is proud to announce the establishment of a robust and reliable JETA1 supply chain, crucial to resolving the ongoing fuel crisis in Papua New Guinea (PNG). 8 billion (US$1. Miners; METS; Explorers; M&A; Regulation; COVID-19 cost Ok Tedi almost two billion kina (circa US$568 million), CFO said. 9 billion) and an annual profit of about US$200 million (K786 million). OTML The latest ok-tedi articles from Mining News - Page 1. Image Gallery. The Managing Director and CEO of Ok Tedi, Musje Werror, received its first dose during the vaccination launch. Read The Ok Tedi mine has successfully managed to rehabilitate the affected areas at Bige by planting trees in an attempt to mitigate the damage to the surrounding environment. We The changes which were ratified at an Ok Tedi Mining Limited (OTML) board meeting conducted on January 22, 2023, has seen Nellie James who was the chairlady of the Kumul Minerals Holdings Ltd (KMHL) and a director of the OTML board, and Dr Roger Higgins who was the chairman of the OTML, ceasing their respective roles. View Image Gallery. Refer to the flyer uploaded below. 06 December 2022. OTML receives license to operate Health Services; OTML donates K550, 000 Recent News. Anna Ila is now the Manager Safety after her appointment on August 27 th. OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. The mine life has been extended from 2033 to 2050. The Bige Operations dredged 10. We Papua New Guinea's largest copper miner, Ok Tedi, has halted operations for the rest of the year due to a prolonged dry spell. General News (138) Geology & Exploration (3) Recent News. Get the latest news delivered straight to your inbox! Email address: I have read and agree to the 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 (OTML) operates the Ok Tedi Mine, the longest running open-pit 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 operates the longest running, world-class, open-pit, copper, gold and silver mine in Papua New Guinea. Latest News. Get the latest news delivered straight to your inbox! Email address: I have read and agree to the terms Development of new deposits should ensure that OTML continues to have an important economic role in Western Province and Papua New Guinea beyond the Ok Tedi mine closure, whenever that occurs. Ok Tedi is the longest running open-pit copper-silver-gold mine in PNG and is located in the Western Province of the country. According to Ok Tedi Mining Ltd managing director and chief executive officer Musje Werror, more than 17 million tonnes of copper concentrate have been exported out from the Ok Tedi mine in Papua New Guinea since operations got underway in 1984. One of the worst environmental disasters caused by humans, it General News (138) Geology & Exploration (3) Health (30) Human Resources (48) Operations (83) Uncategorized (12) Workplace Safety (25) Recent News. In a speech last week, PNGSDP Chairman Sir Mekere Morauta appeared to concede that the PNG Government could and would move to make it impossible for PNGSDP to continue to hold its majority share in Ok Tedi Mining Limited (OTML), the company which runs PNG’s largest mine. Pit size 2. 5 Billion in compensation payments, Ok Tedi Mining Ltd (OTML) has added 40 new interns to its internship programs for 2021. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit Ok Tedi Mining Limited (OTML) today announced that a dividend of PGK300 Million will be paid to shareholders on or before 31 December 2022. The Bige Mine Waste Management project site, approximately 80km downstream from the mine, has been used to store the Ok Tedi mine waste by diverting the tailing disposal away The Ok Tedi Mine is a 100% PNG owned company with the State of PNG through the Kumul Minerals Holding Limited owning 67%, while the remaining 33% is owned by three Western Province entities; the Fly River Provincial Government (MROT2) 12%, CMCA communities (MRCMCA) 12% and Mine Villages (MRSM) 9%. In this exclusive interview with Business Advantage PNG, Musje Werror, the man chosen to lead Ok Tedi Mining, outlines his strategy. Ms Ila brings to the Company a vast knowledge and experience in safety and occupational health having served as Superintendent in Safety Systems, Compliance and Statutory Training over the last Ok Tedi Mining Limited’s (OTML) recent safety forum has brought the importance of maintaining high psychosocial safety standards front of Alexandra Eastwood October 11, 2024, 9:34 am October 11, 2024. The OK Tedi Mine has several job positions. The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. 3 Mm3 of river sediments and rehabilitated 40 hectares (ha) of sand stockpile in 2023. Seize this opportunity to advance your professional career with a leader in the mining industry. The former prime minister said in 2013, OTML’s ownership was transferred to the State and people of Western by his administration to ensure benefits from the mine went to the province and impacted Ok Tedi Mining Limited (OTML) commemorated the World Environment Day on June 5th by planting over 1,000 trees in Tabubil, and at its Mine Waste Management project site at Bige located 80 kilometres downriver from the mine. Ok Tedi Mining Limited (OTML) today announced the appointment of three new directors by its majority shareholder the Kumul Minerals Ok Tedi Ltd Latest News. We Recent News. Investment abound for Mayur. 77 billion a year. We The forced transfer of US$5. Get the latest news delivered straight to your inbox! Email address: I have read and agree to the terms & conditions. Register to receive our free PNG Business Update emails Latest News. 1. Photo credit: Ok Tedi Mining. 8 Mt of copper and 490 tonnes of gold (actual metal production + full metal content of reserve). OTML RECEIVES 3YEAR LICENSE TO OPERATE HEALTH SERVICES. The Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea located near the headwaters of the Ok Tedi River, in the Star Mountains Rural LLG of the North Fly District of the Western Province of Papua New Guinea. 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 mine [] General News (138) Geology & Exploration (3) Health (30) Human Resources (48) Operations (83) Uncategorized (12) Workplace Safety (25) Recent News. We sought responses from Ok Tedi Mining to the allegations raised in these stories. With 10 years of mine life remaining, Ok Tedi Mining Limited (OTML) See Our Latest Issue. OK Tedi. National News; Business; World News; Sports; Features; Weekender; OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. Mr Kelly started with OTML 18 years ago as an apprentice and then joined the Mine [] The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. It's the culmination of the state's wider reorganization of its mining and resource holdings, which calls for all mining assets to be owned by Kumul Minerals Ok Tedi Limited. Ok Tedi generated K3. OTML receives license to Recent News. The Ambassador of Indonesia to Papua New Guinea and Solomon Islands, His Excellency Andriana Supandy, recently visited the Ok Tedi mine on February 22. See Our Latest Issue. All OK Tedi Mining Operation 2023 Extraction Of Ore in the Mountain of Star Mountain (Mt Fubilan) North Fly Western Province, Papua New Guinea. Ok Tedi Mining (OTML) is backing a new book written by its manager business improvement Gilbert Hamambi, purchasing 100 copies to give to students at the University of Technology. Ok Tedi Mining Limited (OTML) through its Major Projects Team will be conducting its second “Preferred Area Work Experience On-The-Job Training” program in 2023 with the recent intake of 20 students from the Kiunga Recent News. The landowners claimed that the companies should be held responsible for environmental damage in the Fly River area. April 1, 2021. The approval is based on the latest Strategic Business Plan submitted by the Executive Leadership Team and discussed during the OTML The Ok Tedi Mine Location of the mine Image of Mount Fubilan, Finalbin and Tabubil. OTML receives license to operate Health Services; OTML donates K550, 000 to UPNG’s Earth Sciences Division; Ok Tedi Mining Limited grade improving by more than 20% in 2023 as the transition continues” adding that this and a further extension of mine life (from 2032 to 2033) in the latest Strategic Business Plan recently approved by the OTML Board gives rise to growing optimism”. OTML receives license to operate Health Services; OTML donates K550, 000 to UPNG’s Earth Ok Tedi Mining has resumed mine operations at its namesake copper-gold-silver mine in Papua New Guinea (PNG) after a surge in the country's COVID-19 cases prompted a two-week suspension on March 19. About; CONTACT US; Latest Headlines. Get the latest news delivered straight to Recent News. OK TEDI mine owner PNG Sustainable Development Program might consider buying a considerable stake of the Xstrata Copper-led Frieda River project in Papua New Guinea, Australian asset management and digital transformation company COSOL Ltd has signed a major contract to deliver Asset Management Services to Ok Tedi Mining Ltd, owner of one of the world’s biggest copper-and gold mines, located in Papua New Guinea. General News (138) Geology & Exploration (3) Health (30) Human Resources (48) Operations (83) Uncategorized (12) Workplace Safety (25) Recent News. Ok Tedi Mining Limited’s (OTML) recent safety forum has brought the importance of maintaining high psychosocial safety standards front of Alexandra Eastwood October 11, 2024, 9:34 am October 11, 2024. Ok Tedi Mining Limited (OTML) has signed a PGK50 million project agreement to commence the upgrading and sealing of the Kiunga-Tabubil Highway. The 22 apprentices are enrolled in various trades including auto electrical, carpentry, cabinet Record-Breaking Revenue Achieved by PNG's OK Tedi Mining Limited in December 2023 [Photo by OTML] During December, OTML produced a substantial Pacific Mining Watch Website was designed to bring all the latest mining news in the Pacific. Higgins commented: “I recognise that being appointed as Chair of Ok Tedi Mining is a privilege, and I will put my efforts towards supporting the Ok Tedi leadership team, and to helping realise the best benefits for Ok Tedi’s stakeholders. 1-K1. Tabubil International School is an esteemed educational institution owned by Ok Tedi Mining Limited & operated by the International Education Agency of PNG Limited (IEA) Check out our News & Announcements section for the latest updates, events, and important happenings at Tabubil International School. This section contains a selection of key portals curated by our global team. The newly appointed PNG Rubber Board comprises Vele Kagena as board chairman, John Asai The Ok Tedi Mining Company (OTML) suspended its mine operations on 12 August, prompted by low water levels on the Fly River, which prevented the transportation of its copper concentrate. Ok Tedi Mining Limited (OTML) today (3rd May) donated general office equipment and supplies to the Surgery Department of the University of PNG School of Medicine and Health Sciences (SMHS). Mr. Explore the big challenges, opportunities, debates and frameworks for business and human rights. Get the latest news Photo Credit: Ok Tedi Mining Limited Ok Tedi Mining Limited (OTML) Chairman Sir Moi Avei KBE today announced that the Company has declared an interim dividend of PGK150 million to be paid in September 2021. We Ok Tedi Mining Limited (OTML) today announced that a dividend of PGK300 Million will be paid to shareholders on or before 31 December 2022. Australian Mining has informed the industry on the latest news and "PNG's Ok Tedi mine disaster money locked in new legal fight", 3 November 2019. 6 sq km. PNG CORE ESTABLISHES NATIONAL CONTENT COMMITTEE October 23, 2024 Remington CEO Navin Raju on the Future of Business Technology “Let’s not wait for law and let’s take the tourism agenda head-on. Photo: Mr Kedi Illimbit, the new MD/CEO of OTML The Board of Ok Tedi Mining Ltd (OTML) has appointed Mr Kedi Ilimbit as the Company’s Managing Director and Chief Executive Officer effective 17th April 2023. MARAPE TO ATTEND SUBIANTO’S INAUGURATION IN JAKARTA. LATEST NEWS Ok Tedi mine resumes operations. OTML receives license to operate Health Services; Papua New Guinea miner Ok Tedi said that 37 new apprentices have joined its Apprenticeship Training Program, bringing its total current apprentice numbers in the program to 73. grade improving by more than 20% in 2023 as the transition continues” adding that Recent News. The pre-mining deposits contained approximately 4. Combined with ‘a slump’ in global metal prices, the suspension has now forced the company to cut costs, Graham has told staff in a ‘Toksave’ or email newsletter. According to the company, Ok Tedi Mining Ltd (OTLM) will complete the shift from current lower grade ore to PNG OK Tedi Mine expects billions in revenue. This is based on the company’s current Strategic Business Plan which includes Life of Mine (LOM) extension to 2050, ushering in significant sustainable development for mine operation impacted communities, The Ok Tedi Mine is 100% PNG owned with the State of PNG through the Kumul Minerals Ok Tedi Ltd owning 67% while three Western Province entities hold the remaining 33%. Due closure date 2015 or 2024. OTML The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. Share this article. The board of Ok Tedi Mining Limited (OTML) has expanded the mine life of its copper-silver-gold mine, Ok Tedi. PNG Business News is the magazine that the key people in the industries of mining, oil & gas, industrial, SMEs, agriculture, fisheries, The Ok Tedi copper, gold and silver mine in Papua New Guinea has received a three-year mine life extension from 2026 to 2029. Ok Tedi Mining Limited (OTML) is excited to announce the rollout of the long-awaited HPV (Human Ok Tedi Mining Limited (OTML) has achieved a significant milestone with a record production result for the first quarter of 2024. 4% of Ok Tedi Mining Ltd, with the remainder owned by the State of Papua New Guinea. We Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. This marks a significant milestone for OTML, its shareholders and for Papua New Guinea in general and is a sign of the confidence the Board has in the company's ability to deliver over the next two decades. If any of you are crying over this have been following the take over closely, you will have heard O’Neil admitted that government does not know how to and is not in the business of running any mines and will not run Ok Tedi mine, Ok Tedi will continue to run the mine, you will also have even seen O’Neil come on EMTV and publicly announce Ok Tedi Mining Limited hosted the Minister for Mining and Member for Kundiawa Gembogl, Hon. The delegation from the Provincial Administration Mining Desk Team, visited from the 11th – 16th August, to The Ok Tedi Mine will generate over PGK19 Billion in dividends for the benefit of Papua New Guinea over the next 11 years, having spent more than PGK350 Million on exploration in recent years. ‘I want Ok Tedi to be the model PNG miner that all our stakeholders can be proud of. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit The Ok Tedi Women's Network (OWN) has partnered with OTML’s Mine Operations as part of the ‘Pinktober’ campaign by painting a 793F Haul The Ok Tedi Women's Network (OWN) has partnered with OTML’s Mine Operations as part of the ‘Pinktober’ campaign by painting a 793F Haul Truck in pink to raise awareness about cancers affecting women. Our About OK Tedi Mining Limited . OTML receives license to operate Health Services; OTML donates K550 About Us. Totalling over K70,000, the items donated consisted of computers, printers, tablets and other accessories including Microsoft Office software programs and UPS (uninterruptible The Victorian Supreme Court has dropped a class action lawsuit on behalf of 50,000 Papua New Guinea landowners against BHP and Ok Tedi Mining Limited. Annual production 159,821 tonnes of contained copper Recent News. ESG Ok Tedi Mining Limited projects over K30 billion (US$8. 2 Min Read. MICHAEL FIELD, Contributing writer August 7, 2015 19:00 JST In some much-needed positive resources news, state-owned Ok Tedi Mining’s (OTML) 2019 annual review announced that its copper production increased by three per cent and gold by nine per cent compared to the previous year. This year marks the 30th anniversary of the commencement of mining operations at Ok Tedi in Papua New Guinea’s Western Province. Mining Minister Byron Chan was on hand to officiate at the ceremony which took place in the Ok mining township of Tabubil. The Ok Tedi is a tributary of the Fly River which discharges into the Gulf of Papua. We Ok Tedi Mining Limited currently generates annual revenue of approximately US$1 billion (K3. 06 December 2022 Ok Tedi Mining Limited (OTML) generated a record K684 million (USD$184 million) for the month of December in 2023, the highest recorded monthly revenue for the year. APPLY NOW. PM MARAPE| NZ A STEADY & RELIABLE PARTNER. By: PNG Business News June 13, 2022. The lives of 50,000 people have been disrupted by the disaster. State-owned KMHL owns 67 per cent of operator Ok Tedi Mining Limited (OTML), with three separate Western Provinces entities owning the remainder. The website covers breaking news on Mining, Petroleum, Mining Insurance and Ok Tedi Mining (OTML) is backing a new book written by its manager business improvement Gilbert Hamambi, purchasing 100 copies to give to students at the University of Technology. Ok Tedi Mining Limited (OTML) has surpassed its annual sediment dredge target of 10 Million Cubic Meters (Mm3) and its rehabilitation target of 35 hectares for 2023 at its Bige Operations, located 125km from the Over the next few years, OK Tedi Mining Limited expects to witness a gradual growth in dividends of up to K1 billion each year. . OTML Ok Tedi Mine. She holds a Degree in Accounting, a Diploma in Management and is a certified member of CPA Dr. OTML receives license to operate Health The Ok Tedi Mine will generate over PGK19 Billion in dividends for the benefit of Papua New Guinea over the next 11 years, says Ok Tedi Mining Ltd (OTML) General Manager Commercial and Chief Financial Officer The latest ok-tedi articles from Mining News - Page 1. The visit provided the ministers an opportunity to gain a better [] PNG's OK Tedi Mine Life to extend beyond 2032 [Photo by OK Tedi Mine] “We’ve been in operation for 38 years and our facilities are aging. Inmet, the Canadian mining company that owns 18 percent of the Ok Tedi project, was so confident of this outcome that it issued a press release in late December indicating that all parties had agreed that BHP Billiton and Ok Tedi Mining had not violated their 1996 commitment to make a “good faith” effort to stop riverine tailings disposal. 1 billion) in total sales revenue in 2019, which was 36 per cent higher than in 2018. After passing an evaluation by the Papua New Guinea Medical Board, Ok Tedi Mining Limited (OTML) has been given a three-year license to offer medical services in Western province. “It’s a big agricultural project. In PNG no mining or oil and gas companies has invested in an agriculture project. PNG Ports Urges Locals to Stop Vessel Attacks. Mining Editor. Natural Gas Utilisation in Papua New Guinea. Holding a portfolio of several exploration leases, OTML is extensively involved in the community and development of Papua [] OK Tedi Mining Limited (OTML) has surpassed its annual sediment dredge target of 10 Million Cubic Metres (Mm3) and its rehabilitation target of 35 hectares for 2023 at its Bige Operations, located 125km from the mine. Musje Werror, managing director and chief executive officer, spoke at the PNG Mining and 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. OTML hosts East Sepik delegation on Fact-Finding Mission; OTML’s 26 new apprentices sign indenture contracts; Tax Credit Scheme (TCS) Road Project to connect mine villages About Us. According to managing director Musje Werror, the Ok Tedi mine still contains roughly 200 million tonnes of resource that will remain in the earth after 2032 and can support mine operations long into the 2040s and even the 2050s. Sixteen of the intakes will be part of the Graduate Development Scheme for two years, while the other 24 will be trade graduates who will complete a four-year apprenticeship program. by pcAdminPNG October 14, 2024 October 14, Get the latest news delivered straight to your inbox! Email address: The report was released in response to recent statements by PNG’s Prime Minister Peter O’Neill, who has stated his Government will legislate to sever the connection between PNGSDP and OK Tedi Mining Limited (OTML), operator of PNG’s largest mine. The agreement was signed today (11th January 2022) in Port Moresby between Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. 48 billion) and that should see us bring in a revenue of about US$1. Ok Tedi Mining Limited (“OTML”) has made the strategic decision to discontinue its utilisation of Puma Energy’s diesel and JETA1 in Tabubil. ” Recent News. 6 billion). Ok Tedi Mining Limited (OTML) hosted a delegation from the East Sepik Provincial Administration on a fact-finding mission to gain insights from the Ok Tedi operations to prepare for the upcoming Frieda River Project in the Sepik Region. COVID-19 cost Ok Tedi almost two billion kina (circa US$568 million), CFO said. We The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. We Photo credit: Ok Tedi Mining - Part of the Tabubil/Telefomin road currently under construction is one of the TCS funded projects. ’ Undeniably, Ok Tedi has had an impact on the environment and the lifestyle of the communities associated with the mine. We A landowner company in the Western Province has been commended by Ok Tedi Mining Limited (OTML) for having the vision to provide an alternate health service for the general public, communities and residents of Kiunga town. In this The board of Ok Tedi Mining Limited (OTML) has expanded the mine life of its copper-silver-gold mine, Ok Tedi. In 2022, Ok Tedi produced 248,000 oz of gold and 73,000 tonnes of copper. ’ The Prime Minister did not state what that structure might be, nor how it would be achieved. At 5pm Papua New Guinea local time yesterday, a section of rock and dirt fell from the western wall of the Ok Tedi mine into a sump at the bottom of the pit where a worker was attending to pit drainage. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in OK TEDI mine owner PNG Sustainable Development Program might consider buying a considerable stake of the Xstrata Copper-led Frieda River project in Papua New Guinea, Frieda's Ok Tedi connection: exclusive - MiningNews. Ok Tedi Mining Limited currently generates annual revenue of approximately US$1 billion (K3. Categories. In a statement this week, O’Neill said Ok Tedi Mine had amassed over K800 million in corporate debt as it grappled with meeting the demands of Government. Filed Under: Interviews, Latest news, Mining/petroleum, News Tagged With: Ok Tedi Mining Ltd (OTML) Leave a ReplyCancel reply. Read Next. read related mining news on >> Pacific Mining Watch . 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. 0 billion) in Social Benefits, which includes taxes, royalties, and dividend payments, over the next 27 years. All General News (138) Geology & Exploration (3) Health (30) Human Resources (48) Operations (83) Uncategorized (12) Workplace Safety (25) Recent News. 5 million in assets comes after the PNG Government's took over the mine in 2013 and nationalized it. The massive Ok Tedi copper mine, which opened in 1984, is not only the largest contributor to the economy of Western Province but also to the entire economy of Papua New Guinea. View Latest News. Ok Tedi Mining Limited (OTML) operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea. PNG WOMEN’S SIDE GO DOWN SCORELESS TO AUSTRALIA 0-50 October OK Tedi Mining managing director Nigel Parker was akin to a celebrity presenter at this week's PNG Mining and Pet OK Tedi Mining managing director Nigel Parker was akin to a celebrity presenter at this week’s PNG Mining and Petroleum Investment Conference, with the project’s iconic status and likely extension a major drawcard for delegates. Ok The Ok Tedi Mine will generate over PGK19 Billion in dividends for the benefit of Papua New Guinea over the next 11 years, says Ok Tedi Mining Ltd (OTML) General Manager The Ok Tedi Mining Limited (OTML) copper-gold mine in Papua New Guinea is projected to remain operational for another century, according to Jerry Garry, Managing Ok Tedi outlines hefty COVID cost. At the D'Albertis Junction, where the Ok Tedi and Fly rivers meet, there begins a plethora of varying ecosystems, including open rainforest, swamps and savanna. Ok Tedi Mining Ltd (OTML) has announced the establishment of a robust and reliable JET-A-1 supply chain, crucial to resolving the ongoing fuel crisis in Papua New Guinea. High-resolution images of the Ok Tedi Mining Board, Executive Team and Operations. Papua New Guinea's OK Tedi Mining Limited (OTML) chairman Jeffery Innes says the mine has seen a significant amount of THE Papua New Guinea OK Tedi Mining Limited (OTML) has had its mine life extension approved from 2023 to 2050, with an expected dividends payments in excess of K 30 billion, says chief executive officer Kedi View the latest news, media releases & high-resolution images from Ok Mining Limited. net Ok Tedi Mining has commenced its COVID-19 vaccination rollout. MICHAEL FIELD, Contributing writer August 7, 2015 19:00 JST 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. In line with this year’s World Environment Day (WED) Theme ‘Ecosystem Restoration’, the Bige project is testament of the company’s While the future of the massive Ok Tedi mine hangs in the balance, Ok Tedi Mining Limited looks set to continue its major contribution to Western Province. The OK Tedi Mining Limited (OTML) in Papua New Guinea has had its mine life extension approved from 2023 to 2050, with an expected dividends payments in excess of OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. Port Moresby Electrical provided installation and pre-commissioning services for a Pyrite Tailings Extraction Facility comprising 2 x Flotation Unit Modules each capable of treating 2,000 to 2,500 mtpd of Mill feed, retrofit of 2x50m diameter Thickeners, interconnecting and tie-in facilities, a PAX Plant, a 250mm diameter 140km pipeline complete with a Slurry Pump Station, 2x valve and The existence of PNGSDP, which became the holding company for BHP’s share in Ok Tedi, is an inextricable part of the legislation enacted to cement the arrangement: ‘The creation of PNGSDP is at the heart of the Ninth Ok Tedi Mine. We . This long-term economic and humanitarian liability that has been created by the Ok Tedi mine is not referred to in the recent UNDP report, and nor is it being publically acknowledged either by the mining company The Victorian Supreme Court has dropped a class action lawsuit on behalf of 50,000 Papua New Guinea landowners against BHP and Ok Tedi Mining Limited. Ok Tedi Mining has resumed mine operations at its namesake copper-gold-silver mine in Papua New Guinea (PNG) after a surge in the country's COVID-19 cases prompted a two-week suspension on March 19.