Over 17mil tonnes copper concentrate shipped, says CEO

Business

MORE than 17 million tonnes of copper concentrate have been shipped out from the Ok Tedi mine since production began in 1984, says Ok Tedi Mining Ltd managing director and chief executive officer Musje Werror.
Werror was in Port Moresby yesterday to welcome the mine’s new vessel mv Fly Enterprise which will be used to transport copper concentrates overseas.
This is the 38th year of Ok Tedi’s operations, with the mine having generated more than K67 billion for the people of PNG and Western.
“As a 100 per cent-owned PNG mining company, we are proud of our contributions to the development of our country as our nation will celebrates 47 years of Independence,” Werror said.
The mine is expected to be closed in 2032.
The Government owns 67 per cent of the mine through the Kumul Minerals Holdings Ltd while the people of Western province own 33 per cent.