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PNG's OK Tedi Mining ltd to Pay K300 million dividend to Shareholders

 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 optim...

PNG Opposition calls for Sacking of Minister Tkatchenko following "Useless Primitive animals' Comment

 PNG OPPOSITION Leader Joseph Lelang is calling on the Prime Minister James Marape to decommission Foreign Affairs’ Minister Justin Tkatchenko over INSULTING remarks and lack of poor judgment shown during the trip to England to attend the coronation of King Charles III.  Mr Lelang said while Papua New Guinea was expected to turn up as a member of the Commonwealth, the Opposition cannot remain silent on a trip that’s full of scandalous behavior of Minister Tkatchenko calling citizens who aired their concerns over this trip and his daughter’s antics on Tiktok, as “primitive animals”. “I am calling on the PM to sack the Foreign Affairs Minister, over his remarks that he made on ABC’s Pacific Beat and also recently out on the ABC News.  “We find the comments to be very insulting by a senior Minister to fellow citizens from the streets to the top of the office. The Prime Minister, you are a Papua New Guinean, the Governor General, you are a Papua New Guinean, I am a P...