Mine Details
Ok tedi
http://www.oktedi.com
copper, gold, silvercamp, FiFo
Phone:
Address:
1 Dakon Rd, Tabubil, PNG,
State: 1 Dakon Rd, Tabubil, PNG,
Email:
The OK Tedi copper, silver and gold mine, that is located in the Star Mountains region of the Western Province of Papua New Guinea, has been given a last minute lifeline with the mine being fully acquired by the Papua New Guinea Government. As the mine was being prepared for closure after 2010, the Papua New Guinea Government stepped in and in 2013 seized 100 percent ownership, guaranteeing it a productive life until at least 2025.
OK Tedi Lifeline Saves 400 Jobs
The governments last minute purchase of the OK Tedi mine saved the jobs of around 400 workers who are employed at the mine at any one time. The PNG government's take over of the OK Tedi mine was endorsed by the residents of 156 near-by villages who agreed to the signing of respective Community Mine Continuation Extension Agreements by their community representatives and OK Tedi Mining Limited.OK Tedi Mine Owned and Operated by BHP Billiton Until 2002
The OK Tedi mine had been owned and operated by multinational mining company BHP Billiton until 2002, when it vested its interests in the mine to PNGSDP (Papua New Guinea Sustainable Development Program). In 2012, OK Tedi Mining Limited (OTML) became a company in its own right. OTML became a state owned enterprise in 2013.The OK Tedi mine is operated as an open cut operation mining around 80,000 tonnes of overburden and 78,000 tonnes of ore a day. Both mine and processing mill operate 365 days a year, 24 hours a day. The pit covers an area of 2.6 kilometres.
