|
Business |
Faulkner: Shoring up OTML
KEITH Faulkner, the outgoing managing
director of Ok Tedi Mining Ltd (OTML), was instrumental in the
mine’s turn around from being “ugly duckling” of the mining
world to a K2 billion a year operation.
Mr Faulkner was given a farewell dinner last weekend in Tabubil,
Western province.
He took over the company’s management in 2002 after former
operator BHP Billiton quit its copper-gold operations.
In his message, Mr Faulkner noted that Papua New Guineans must
demand better than they are getting at present.
“You all deserve much better than you are getting from your
leaders, from your Government and from the wealth generated by
OTML and it’s up to you, Papua New Guineans to demand that you
get better services,” Mr Faulkner said.
Mr Faulkner, a mining engineer by profession, had been working
and supportive of mine-affected communities and committed
contractors over the past few years.
Last year, OTML’s sales revenue totalled K4.6 billion with K1
billion being paid to Government as taxes and K1.8 billion given
out as dividends to shareholders that includes the State of
Papua New Guinea (30%) , PNG Sustainable Development Program Ltd
(52%) and Canadian miner Inmet (18%).
Alan Breen is now the managing director whose priorities
included maintaining the viability of current mine operations
whilst planning for an orderly closure of the open cut mine in
2013.
Mr Breen will also work closely with the Government and the
PNGSDP to explore other opportunities for the company, its
workforce and mine-affected communities beyond open-cut mine
closure.
 
|
