Benefits of ok tedi mine. “We have been in operations now .
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Benefits of ok tedi mine. OTDF manages these Trust Investment .
Benefits of ok tedi mine. Success is measured by safety performance, financial performance, social development indicators and the Jun 18, 2023 · 3. As a 100% owned PNG company, we focus on responsibly generating profits to provide continuing benefits to the people of Papua New Feb 5, 2022 · Ok Tedi Mining Limited operates the longest running, world-class, open-pit, copper, gold and silver mine in Papua New Guinea. One of OTML’s major continuing concerns is the environmental effects of our operations. 64). 2 Billion in taxes/duties, PGK1. Advised by an array of experts from around the world, including Marian Radetzki, we attained terms that were in many ways a model. We also have a representative office in Port Moresby, PNG and a logistics facility in Brisbane, Australia. the study to investigate two mining locations in Papua New Guinea (PNG), Ok Tedi and. The mine exports copper as a concentrate with contained gold and silver. Since the late 1980s, Ok Tedi has The Ok Tedi mine, located in the northern corner of PNG’s Western province, is an exception, albeit qualified, to this general state of affairs. 5 m fifty years after the mine closed (Maunsell, Vol. This is based on the company’s current Strategic Business Plan which includes Life of Mine (LOM) Dec 10, 2014 · 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. By the early 1990s, it became clear that the Ok Tedi mine had, through its existence in a highly under-developed region, created a dependency in the Western Province on the economic activity it generated. 2 (12 per cent equity), Mineral Resources CMCA Holdings (12 per cent) and Mineral Resources Star Mountain (9 per cent). As at 31 December 2022, the FAF holds USD 241 M. The province receives a sig-nificant share of mining revenues yet service delivery in the area remains weak. APAC Outlook issue 49 | 91. Mining (Ok Tedi Mine Continuation (Ninth Supplement) Agreement Act 2001, Being an Act to provide for the approval and implementation of the Ok Tedi Mine Continuation (Ninth Supplemental) Agreement relating to the continued development of certain mineral deposits in the Ok Tedi region of the Western Province and for related purposes The Ok Tedi mine is an open-cut copper, gold and silver mine located at Mt. The workplace safety and environment is wet cold type but safety is paramount especially working out on shovel and drills. The history of the OTML dates back to 1963 when copper mineralisation was first identified near the current mine site when a government patrol made contact with the Min people of Star Mountain. Porgera, and assess the impact on mining on poverty. Apr 9, 2021 · Ok TEDI MINING LIMITED Phone: +675 649 3000 www. Ok Tedi Mining Ltd (OTML) General Manager Commercial Specialist goods, equipment and reagents are sourced from overseas suppliers, primarily in Asia and Australia. OK TEDI MINING LIMITED Tabubil Head Office 1 Dakon Road, Tabubil, Western Province, 332, Papua New Guinea Nov 7, 2023 · Our client OK Tedi Mining limited has operated successfully in the Star Mountains of the Western Province, PNG for over 36 years. Jan 29, 2024 · 4. Ok Tedi Mining Limited is a world class mine that operates competatively in the country. OTML Ok Tedi Mining Limited. Mar 1, 2001 · Communities beyond the mining lease boundary receive fewer benefits from the mine, even though in some cases-such as the Ok Tedi minethe environmental impacts of mining operations significantly The Ok Tedi mining operations are centred on the Mt Fubilan deposit located in the Star Mountains of the Western Province. The young nation experienced an abrupt transition to rule by a weak, centralized Ok Tedi Environmental Impacts. But, as subsequent Sep 22, 2023 · The Ok Tedi mine is an open-pit copper, gold and silver mine located at Mt. 5 Billion in compensation Feb 17, 2011 · The Ok Tedi mine, a large copper and gold mine located in the Star Mountains in Papua New Guinea close to the border with the province of West Papua in Indonesia, has been a focus of international Jun 18, 2023 · Ok tedi mining limited is are good company with excellent paypackage for all workers. the impact of the mine on the river will be very long term. In addition, about 60,000 t/d of ore is mined and delivered to the mill for processing. 6 sq. SINCE Ok Tedi Mining Ltd’s (OTML) inception, it has been operating with full knowledge of the fact that the current beneficiaries are land users only and the company continues to admit that the real Jan 16, 2013 · Ok Tedi has contributed a lot over many years but particularly now, now that the Ok Tedi mine is 100 per cent owned by Papua New Guinea, and a major part of that belongs to people of the Western OTFRDT Ok Tedi-Fly River Development Trust, ‘the Trust’. It was suggested that in the lower Ok Tedi, for example, bed aggradation could reach its maximum of 1. 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%. Theory and 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. Dec 20, 2001 · entitled. 3. Boiler Maker (Former Employee) - Oktedi Mining Camps - 8 September 2023. Up to 240 thousand tonnes of overburden (waste rock) is mined each day from a pit covering about 2. To give some idea of the mine’s importance to the country, in 2010 it accounted for 18% of Papua New Guinea’s gross Real landowners of Ok Tedi on sidelines. The plant currently recovers copper, gold and silver into a saleable concentrate. 4 mental costs and benefits; and the government’s conflicting role as both mine shareholder and regulator. The company has around 1,800 permanent employees, with a similar number of embedded contractors and Legal Compliance Framework. Our registered office is located in Tabubil, Western Province, PNG. Two weeks of working and 2 days of flying in and 5 days of rest. This report is the fourth report prepared according to the GRI Core General Standard Disclosures of reporting and the Mining and Metals Sector The Community Mine Continuation Agreement (CMCA) defines the cash compensation, investment and development payments that OTML makes to the 158 communities affected by the mining operations in return for the license to continue operating the Mine until 2025. It is one of the world’s largest copper mines. Not only do local people assume that Ok Tedi Mining Limited Mining Tabubil, Western Province 108,184 followers A 100% PNG owned open-pit copper and gold mine located in the Star Mountains of the Western Province of Papua New Guinea In the case of the Ok Tedi mine, attention has focused largely on claims for downstream ecological damage and the ensuing settlement on behalf of people living along the Lower Ok Tedi. Set up by OTML in 1989 to contribute to infrastructure projects and to assist in the development of the approximately 100 villages identified as being on, or having land abutting, the Ok Tedi and Fly River systems. Apr 9, 2021 · Ok Tedi mine was a green-field operation remotely located in the Western Province of PNG that necessitated the development of all the infrastructure, including roads, housing, airstrips, power supply and a port located at Kiunga on the Fly River to ship supplies in, and copper-gold concentrate out to market. Talent management is a key part of Ok Tedi’s strategy. Our social license to operate is based on the Free, Prior and Informed Consent principles applied to the mine associated communities and the national and provincial governments. 9 Moz of gold and 36. Fubilan in the Western Province of PNG. Source: The National, Tuesday October 1st, 2013. Ok Tedi Mine: The Political and Economic Context Papua New Guinea’s first central government was elected upon independence from Australia in 1975. 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 monzodiorite stockworks with subsequent alteration in the Feb 10, 2024 · The average Ok Tedi Mining salary ranges from approximately $69,121 per year (estimate) for a Procurement Officer to $69,121 per year (estimate) for a Procurement Officer. We surveyed 609 households, of which 309 were in indigenous mining communities and 300 Ore is mined and processed at an onsite flotation processing plant capable of treating up to 24 million tonnes per annum (Mtpa). 13 billion) in benefits to Papua New Guinea (Finlayson 2002:6). OTML attracts, develops and retains a highly engaged and skilled national and expatriate workforce of approximately 1,700 people that operates via a mostly in a Fly In Fly Out operation. Our objective is to support local landowner 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. In 1968 the Fubilan Copper-Gold deposit was discovered, and the Kennecott Copper Corporation commenced exploratory drilling. The effects of environmental pollution were observed during the pre-desulfurization period (1984–2000s) when sulfide waste tailings were Ok Tedi Mining Limited Mining Tabubil, Western Province 122,050 followers A 100% PNG owned open-pit copper and gold mine located in the Star Mountains of the Western Province of Papua New Guinea Investments. The affected villages are already benefitting from Ok Tedi Mine through direct compensation payments under a separate agreement. “We have been in operations now . The mine contributes to approximately 20% of the country’s total export. This marks the highest monthly revenue recorded throughout the entire year. Clearly, the playing field is not level for all areas in the province. I want to focus on making sure the positives outweigh the negatives by maximising the benefits generated for our stakeholders to sustain the future of the Province. A very friendly work environment and takes employees safety as priority in its business. 1) to mitigate the negative effects of acid rock drainage (ARD) on the surrounding aquatic environment (OTML, 2021). Ok Tedi Mining Limited operates the longest running, world-class, open-pit, copper, gold and silver mine in Papua New Guinea. Our History. May 27, 2020 · The future of the mine. 1, Fig. km. September 30, 2013 webmaster Letters, Normal. 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. Mar 1, 2012 · 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. The remarkable financial success is attributed to a Feb 13, 2019 · In this context, it was the objective of. The Ok Tedi Mine Case Study Question One The OK Tedi Mine in Papua New Guinea (PNG) has the biggest reserves of copper globally. The Trust Investment portfolio is an integral component of the CMCA benefits package, structured to ensure benefits flow to future generations beyond ok Tedi mine closure. The assets and liabilities are recorded on our Dec 5, 2022 · Monday, December 05, 2022 Business News , Headlines , Mining News. In this context, the research reported herein is an investigation of the way in which mining has impacted on poverty in two large mining regions at Ok Tedi and Porgera. com. The Ninth Supplement Agreement, which was passed through the PNG Parliament in 2001, has adopted a strict About Us. Good location, Good p eople. Sept 19 (Reuters) - Papua New Guinea's government has taken 100 percent ownership of the controversial Ok Tedi gold and copper mine after a Ok Tedi Mining Limited projects over K30 billion (US$8. For experience and Good pay with benefits for employees Only. A fresh legal 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 Oct 23, 2013 · Remote Mount Fubilan, near the source of Papua New Guinea’s Tedi River, is once again the site of global controversy surrounding the Ok Tedi copper gold mine. The schedule to this Act is the Principle Agreement between OTML and the State. Decent pay, good work culture. Nov 2, 2019 · Nick Toscano. Contractors struggle a little. 17 Mt of copper, 15. OTML facilitates the business interests of local landowners, promotes and encourages good corporate governance and provides assistance in investing sustainably for life after mine closure. The primary ore is crushed and ground using Semi-Autogenous Grinding and Ball mills to a final grain size of approximately 180 microns. 0. As a 100% owned PNG company, we focus on responsibly generating profits to provide continuing benefits to the people of Papua New Guinea. 9/5 stars. The only negative side of it is its fifo roaster for shift workers. The Ok Tedi Mine, through the Ok Tedi Agreement, is governed by the Ok Tedi Mining Act, 1976, (as amended and supplemented). Most of earnings are used for the country People & Capability. OK Tedi is a business focussed on the safe and profitable development of its core reserves for the benefit of the people of PNG. Not a place for career oriented individuals. In OTML’s most recent Detailed Mine Closure Plan, which was approved by the Minister for Mining on 7 May 2012, updated in 2016, and approved by the regulators in 2017, determined that that the Fund should contain USD $200M to meet its obligations. The communities are grouped into nine regions and represent over 147,000 people. 6 square kilometres. Ok Tedi Mining employees rate the overall compensation and benefits package 3. Not a bad company. Ok Tedi Mine is located in extremely remote and rugged part of PNG. 39 billion kina (US$2. OTML is committed to a healthy and safe working environment, free from hostility, offensiveness, bullying, intimidation and harassment Apr 9, 2021 · The Ok Tedi Development Foundation (OTDF) is a subsidiary of OTML and is a non-profit, legal entity established to manage the development benefits and delivery of projects to the 157 villages in the Community Mine Continuation Agreement (CMCA) area of the Western Province and with consideration for the people of the Telefomin District in the the impact of the mine on the river will be very long term. We look forward to reporting progress in the future. Apr 1, 2024 · In Papua New Guinea, the Ok Tedi Mine (OTML) adopted the desulfurization method (Fig. Jun 29, 2020 · Undeniably, Ok Tedi has had an impact on the environment and the lifestyle of the communities associated with the mine. Investments are made in accordance with a Trust Deed, are highly visible in Western Province and have guaranteed returns. Benefits from the mine are directed to Western Province communities, specifically the Mine Villages, Community Mine Continuation Agreement (CMCA) communities, the Fly River Provincial Government (FRPG) and the Independent State of PNG. OTML is committed to conducting its operations in a socially responsible manner that respects cultural heritage and traditional rights. Fubilan in the Western Province of Papua New Guinea. A high priority of the Board is progressing options to further extend the mine life that takes into account not only the commercial value of Ok Tedi but also recognises the significant social benefit generated to our key stakeholders. Since mining operations commenced in 1984, the mine has generated PGK13 Billion in dividends to PNG shareholders, PGK10. OTML is a major producer of copper concentrate for the world smelting and refinery market in Germany, India, Japan, South Korea and the Philippines. The mine is located at an altitude of approximately 2,000 m, in an area of dense About Us. Nov 8, 2022 · OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. Ok Tedi Mining Limited operates an open-pit copper, gold and silver mine at Mt. On top of provincial government rev-enues, impacted communities have received benefits total- due to delays in mining due to COVID-19 disruptions. We are the single largest employer in the Western Province, and employ more than 40% of our people from the ‘Preferred Area Aug 29, 2017 · Rarely has a developing-country government been better prepared to negotiate with foreign investors than was the new government in Papua New Guinea in the mid-1970s as it prepared top deal with the huge Bougainville and Ok Tedi mining projects. 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 time-scale has largely been ignored in most discussions of the mine. The Ok Tedi mine contributed over 100 million dollars in taxes, royalties and other state benefits. About Ok Tedi Mine. Like all major mines, however, Ok Tedi has produced a series of large-scale ripple effects throughout the surrounding region, both downstream and upstream. Between 1982 and 2001, the Ok Tedi mine provided 3. The Ok Tedi Development Foundation is established under the Mining (Ok Tedi Mine Continuation (Ninth Supplemental) Agreement) Act 2001, for the purpose of developing projects in the Western Province to benefit the affected communities. A world class mine. 0 billion) in Social Benefits, which includes taxes, royalties, and dividend payments, over the next 27 years. Feb 24, 2024 · The average Ok Tedi Mining salary ranges from approximately $69,121 per year (estimate) for a Procurement Officer to $69,121 per year (estimate) for a Procurement Officer. Up to 240,000 t/d of overburden is mined from a pit covering about 2. Fubilan, located in the beautiful Star Mountains in the Western Province of Papua New Guinea just 16km east of the Indonesian border. Apr 9, 2021 · Ok Tedi achieves success through open and honest communications with employees about job goals and performance, the delivery of targeted skill development programmes, productive annual performance reviews and feedback as well as competitive individual and team-based performance-based remuneration and benefits. In this exclusive interview with Business Advantage PNG, Musje Werror, the man chosen to lead Ok Tedi Mining, outlines his strategy. 4, p. Tradesman - Automotive Electrician (Current Employee) - Tabubil, Papua New Guinea - August 3, 2016. Not only do local people assume that Jan 6, 2023 · The OK Tedi Mine has a job Position of : Economic Programs Officer . 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 Cameron Clark. After the About Us. OTML’s results follow the recent issuing of 33% of the equity in the company to three landowner companies based in the mine-affected areas of Western Province, Mineral Resources Ok Tedi No. Ok Tedi is a FIFO operation To date, these non-affected villages are the poorest in the province compared to the other villages that are enjoying benefits from the programme. From the start of operations in 1984 to the end of 2022, Ok Tedi has produced 5. oktedi. 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. Sep 19, 2013 · September 18, 201311:12 PM PDTUpdated 11 years ago. OTDF manages these Trust Investment Community Relations. Ok Tedi began mining operations in 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. The operator of the Ok Tedi mine project. We work hard to minimise, mitigate and remediate any damage that we create. Oct 14, 2021 · In Papua New Guinea (PNG), mining has been surrounded by controversy related to its environmental and social impacts for several decades. nuzyipdbtzinoevncdps