Skip to main content

Posts

Showing posts with the label gee_wood13 nude

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