Photo credit: Ok Tedi Mining
OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032.
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.
“We have been in operations now for 38 years and our facilities are aging and we are now reinvesting into the business in terms of putting money into our processing facilities, fleeting our mine haul and equipment as well and that is in order to take us to the next 10 years,” Mr Werror said.
According to him, Ok Tedi won't close anytime soon since the project will continue for a very long time to come. The difficulty is in controlling the environmental effects and figuring out what to do with the waste rock and tailing.
“The next 10 years we have in the current life of the mine is to look at the current environment solution that can further extend the mine life well beyond 2032,” Mr Werror said.
“In terms of reinvesting into the project, partners such as P&O Maritime Logistics is doing the same thing with the fleets that it has and it is now reinvesting to provide the service and support for Ok Tedi life of mine well into the future.”
Reference: Kamus, Maxine. Post-Courier (8 November 2022). “Ok Tedi To Extend Operations Beyond 2032”.
