Photo credit: State Enterprises Minister William Duma (Centre in white pants) and his delegation pose for a photo with members of the OTML senior management team at the Ok Tedi mine.
Ok Tedi Mining Limited (OTML) recently hosted the Minister for State Enterprises Honourable William Duma during a site visit to the mine on October 20.
Minister Duma was accompanied by Kumul Minerals Holdings Ltd Acting Managing Director Hengene Ivan, Kumul Consolidated Holdings Ltd Managing Director Prof. David Kavanamur, State Enterprises Ministry First Secretary Junior Koipi and Second Secretary, Kennedy Poiya.
Mr Duma was taken on a tour of the mine and the processing facilities and met with the senior management team who presented the company’s Three-year Plan and the year-to-date performance and outlook for this year.
In welcoming the Minister, the OTML Managing Director and CEO, Mr Musje Werror said that Ok Tedi appreciated the Minister taking time off his busy schedule to visit the operations and be informed of the challenges the company was facing post Covid. He added that the Minister last visited the operations in 2004 when he was Minister for Environment and is familiar with Ok Tedi.
Minister Duma said Ok Tedi is an important project for the country and that the Government will continue to support it to deliver maximum returns for its PNG shareholders.
“The Government recognises the importance of Ok Tedi as a State asset, and as a major contributor to our country’s economy and will continue to support the Company to continue operating for as long as possible with the requisite social and environmental license,” he said.
Before departing Tabubil he stated that he had enjoyed his brief visit to the site and was impressed with the cleanliness of the Tabubil township and encouraged management to keep up the good work.
OTML is 100 percent PNG owned, with Kumul Minerals Ok Tedi Limited holding 67% of OTML’s shares on behalf of the State and the three entities representing the people of the Western Province collectively holding the remaining 33%.
These three entities are Mineral Resources Ok Tedi No.2 Ltd, and Mineral Resources CMCA Limited both owning 12 per cent of OTML, and Mineral Resources Star Mountains Ltd holding the remaining 9 percent.
