Ok Tedi committed to social obligations, says its boss

By NATHAN WOTI
OK Tedi Mining Limited is committed to fulfilling its environmental, legal and social obligations, which come under its social licence, says chief executive officer Kedi Ilimbit.
After receiving the special mining lease 1 extension licence last week, he said that maintaining positive relationships with the communities impacted by the mine’s operations, and securing the social license to operate, were vital for the miner’s ongoing success.
The company is also carrying out its awareness sessions throughout its impacted communities in preparation for its Community Mine Continuation Agreement (CMCA) extension review. The review project is expected to be completed in October 2025 with the signing of the agreement to continue mine operations.
“OTML is actively pursuing strategic growth projects aligned with our current strategic business plan, which are progressing successfully and anticipated to generate K30 billion in social benefits over the next 27 years, including taxes, royalties, and dividend payments,” he said.
“We remain focused on driving value for our stakeholders while contributing to the sustainable development of our communities and the broader PNG economy.
“The first quarter from December 2023 to April 2024 has indicated that the mine could continue for another 30 years.
“Last year we have paid K450 million in dividends to the State and for the first time we have paid royalties of about K6 million to the host province.
“Our record production in the first quarter of 2024 underscores our commitment to excellence, innovation, and responsible mining practices, which are pillars of our Vision 2023.
“That was all in one month. Imagine OK Tedi in full operations. We truly believe in the capacity that we have, the human resource and the immense support of the Government to push us,” Ilimbit said.