Who owns Ok Tedi mine now?
Ownership. OTML is a 100 percent Papua New Guinea (PNG) owned entity with 67 percent direct shareholding by the Independent State of PNG and the people of Western Province holding a 33 percent interest. 100% of the benefits from its operations are distributed to the people of Western Province and the State.
Why did BHP leave Ok Tedi?
BHP Billiton had sought a responsible withdrawal from the project after being unable to secure the agreement of other OTML shareholders for early closure of the mine’s operations. OTML will continue to operate the mine on behalf of the shareholders.
What is the problem at Ok Tedi mine?
Up to 30,000 people living to the south of the mining site along the Ok Tedi and Fly River systems have been adversely affected by the environmental impact of the mine. For example, locals have reported that they are no longer able to sell their fish and garden produce because of the polluting effects of the mine.
What minerals are extracted from Ok Tedi mine?
The OK Tedi Mine is an open cut copper and gold operation in Papua New Guinea, in production since 1984. The mine is located in Papua New Guinea, close to the headwaters of the OK Tedi River. Gold and silver minerals at the deposit primarily include chalcopyrite.
Why can’t PNG government close Ok Tedi mine for environmental reasons?
Ok Tedi Mining Limited (OTML) has announced that it has closed the gold and copper mine in Western Province, as a result of low water levels on the Fly River, which is used to transport copper concentrate to Port Moresby.
What is mined in PNG?
Mineral exports are gold, copper, silver, nickel and cobalt. PNG mines are spread across the country, the largest of which include: Ok Tedi Copper and Gold Mine, Porgera Gold Mine, Lihir Gold Mine, Hidden Valley Gold Mine, Simberi Gold Mine, Tolukuma Gold Mine and Ramu Nickel Mine.
What does Ok Tedi mine?
The Ok Tedi mine is an open-cut copper, gold and silver mine located at Mt. Fubilan in the Western Province of Papua New Guinea.
What does Ok Tedi mean?
Known as the Ok Tedi River by the Yonggom people who live on its western bank, it was renamed the Alice River by the Italian explorer Luigi d’Albertis. Ok is the word for water or river in the Ok languages family. It is a tributary of the Fly River. Tributaries of the Ok Tedi include the Birim.
Where was the Ok Tedi Mine in Papua New Guinea?
Ok Tedi mine. The Ok Tedi environmental disaster caused severe harm to the environment along 1,000 kilometres (620 mi) of the Ok Tedi River and the Fly River in the Western Province of Papua New Guinea between about 1984 and 2013.
How many people work at Ok Tedi Mine?
Jobs:Ok Tedi Mining Limited (OTML) employs about 2,000 staff. About 1,800 are Papua New Guinea citizens and 800 live within a 40-kilometer radius of the mine. Production:About 200,000 tons of copper and 500,000 ounces of gold a year.
When did bhp take over Ok Tedi mining?
OTML commenced mining operations in 1984, initially as a gold mine to exploit the gold-rich cap on the Mt. Fubilan deposit, and then as a copper-gold mine in 1987 for the bulk of the ore body. BHP exited OTML in 2002, vesting its interest to the Papua New Guinea Sustainable Development Program (PNGSDP).
When did the Ok Tedi environmental disaster happen?
Ok Tedi environmental disaster. The Ok Tedi environmental disaster caused severe harm to the environment along 1,000 kilometres (620 mi) of the Ok Tedi River and the Fly River in the Western Province of Papua New Guinea between about 1984 and 2013.