Dede Sophie

  BSP Financial Group Limited (BSP) has been forced to shut the doors of four if its branches in the Highlands and Momase regions following security concerns, mostly related to the 2022 National General Elections.  Porgera branch in Enga, Koroba Hybrid Branch in Hela, Chuave Sub Branch in Simbu, and Kabwum and Mutzing Sub Branches in Morobe all remain closed.   The operations of BSP Mendi Branch in Southern Highlands has also been disrupted in the past week. BSP Group CEO, Robin Fleming upon confirming this said, BSP Sub Branches in Koroba, Kabwum, Mutzing, and just yesterday Chuave, have closed their doors due to security issues related to the 2022 National General Elections while, BSP Porgera branch was closed last month following tribal fighting in the Porgera valley. Fleming said, “We closed BSP Chuave Sub Branch yesterday after the office complex, which BSP operates from, was ransacked by supporters of losing candidates.  We also had to close BSP Mendi branch earlier this week due

 OTML TO PAY K300 MILLION DIVIDEND TO SHAREHOLDERS  Papua New Guinea’s Ok Tedi Mining Limited (OTML) has announced a dividend of K300 Million which will be paid to its shareholders, on or before the 31st of December 2022.  OTML Chairman, Dr Roger Higgins thanked employees, contract partners and mine impacted communities, for their support throughout 2022. He added that though 2022 was a challenging year, which saw the Company transition to higher grade ore sources, and they were faced with the additional costs, associated with a sharp escalation in oil price, they are pleased to report that Ok Tedi remains profitable, and continues to deliver for its shareholders. Dr Higgins also said that they now look forward to copper grade improving by more than 20 percent in 2023, as the transition continues, and a further extension of the mine life from 2032 to 2033. This he said follows the latest Strategic Business Plan recently approved by the OTML Board, which gives rise to growing optimism.