OK Tedi

New fish species recorded in Fly River

They are the Gymnothorax polyuranodo, commonly known as the freshwater moray eel and two rarely caught fish species; the Potamosilurus robertsi commonly known as Robert’s catfish and the Carcharhinus leucas, better known as the bull shark.

These discoveries were made in the last quarter of 2019 by the aquatic ecology team from the Environment Department of OTML whilst carrying out routine compliance monitoring work in the Upper and Middle Fly areas.  

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OTML partners with government to register citizens for NID

OTML is partnering with the Office of PNG Civil & Identity Registry to register citizens from the mine areas, Tabubil Township, Fly River corridor and the surrounding communities.

In its efforts to support registrations, the company is also funding the establishment of a fixed PNG National Identification (NID) office in Ok Tedi with all office equipment, logistics and allowance payment of NID officers engaged in the registration. 

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Ok Tedi gives K50 million to Earthquake Relief

Chairman Sir Moi Avei said “Given the magnitude of this disaster, and our responsibility not only to our shareholders but to the people of PNG, we are pleased to offer a helping hand at this time of great distress. We expect these monies will provide much needed assistance to impacted areas in Western Province, OTML’s home province and the devastated Highlands Region.”

Ok Tedi updates Strategic plan

Ok Tedi General Manager and CEO, Peter Graham said this when speaking during the PNG Mining and Petroleum conference after  giving an update of the mining company’s strategic update plan for next year, 2018.

Graham said considerable work was completed during the 2015 and 2016 planning cycles to revise and maximise business value and deepen its strategic capability.

“This has allowed us to make a first step to change, value and doubling the pace value of the business on a discounted cash flow basis.”

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Ok Tedi’s steps into Transition: Graham

Graham said being a globally competitive metal producer, PNG can be proud of Ok Tedi who is taking the approach to achieving the next step in performance as it strives to become a high performance organization.

Ok Tedi, a proud Papua New Guinean company, is a mature, majority state-owned enterprise having commenced operations over 34 years ago.

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Over 80pc mining activities cover PNG

This is expected to further enhance and strengthen Papua New Guinea’s position as one of the top twenty gold and copper producing countries in the world.

“The country is rich in minerals. It ranks in the top 20 world gold and copper producers and also produces silver, nickel and cobalt,” the report said.

“Mining in PNG dates back to 1888, with the modern mining industry developing in the mid-1960s.

“During the reporting period, eight mines were operating in Papua New Guinea, distributed over a number of provinces,”

K25.5bn in benefits from existing mines

Mining Minister, Byron Chan, said this during the signing of the revised mining project Memorandum of Understanding (MoA) for Ok Tedi.

Chan, however, said this figure will exceed once Wafi and Frieda come into production in five years’ time.

“I have been working closely with the government team to approve these MOAs that have been completed for existing mines and new mines and for the State’s commitments, amounting to K155 million over the next 5 years under each of the MOAs,” he said.

Revenue from mining not sufficient to support Government

The productions of these two mining companies were closed in 2015 due to the nationwide drought.

With their recommencement and a recovery in agriculture production and export, following the end of the El Nino drought, as well as increased production at Lihir and Ramu mines, the revenue is slowly increasing.

This, together with lower imports, resulted in the balance of payments recording an overall surplus in 2016, from the deficit in 2015.

Committee undergoes massive awareness drive in Western

The Committee launched the awareness campaign on Oct 7 in Western Province.

The program will start today, Oct 11 with a series of meetings with leaders, councilors, women leaders and village planning committees before the actual awareness program to the CMCA and Non CMCA areas within the North, Middle and South Fly Region.

Chairman of the Steering Committee and acting North Fly District Administrator Dume Woo said the community awareness program will cover the North, Middle and South Fly regions.

Leader points finger at Govt’s OTML actions

Warren Dutton, a former government minister and MP for North Fly, told Loop PNG and Facebook members that the OTML management might be forced to take “drastic actions’’ to cope with the spillover of El Nino climate change.

Mr Dutton is also the chairman of North Fly Rubber Ltd.

He said that under previous management, the mine was not closed down during such dry periods until it was unavoidable.

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