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OK Tedi Mine to Generate K19 billion for PNG in the next 11 years

 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. Ok Tedi Mining Ltd (OTML) General Manager Commercial and Chief Financial Officer Cameron Clark. [Photo supplied] Mr Clark said this today when speaking at the PNG Mining and Petroleum Investment Conference in Sydney, Australia. He said although the mine has been impacted by high fuel cost, and the expected low grade ore transition in 2022, OTML remains profitable and is committed to delivering for its shareholders. “The outlook for Ok Tedi is a positive one. The Company has tripled its value in the last 6 years and extended mine life by 7 years. This has been made possible by a combination of technical improvements, cost improvement, accelerated mining rates and internal investment in key strategic projects,” Mr. Clark said. He put this amount into context by sayin

Mini Electric goes Convertible

BMW’s electric Mini will be available in convertible format from April, but only 999 buyers in Europe will get the chance to buy it, writes Brian Byrne. Of these, 150 RHD versions are heading for the UK market, and there’s no indication if any of these will be available to Irish buyers. The version comes three years after the Mini Electric hatchback was launched, and 20pc of all Minis sold in Europe now are electric, according to the company. The power consumption of the Mini Electric Convertible is rated at 17.2kWh/100km, outputs 184hp and has a claimed range of 200km.