Sir Moi retires as chairman

SIR Moi Avei has retired as chairman of the Ok Tedi Mining Ltd (OTML) after six and a half years.
OTML managing director and chief executive officer Musje Werror yesterday thanked Sir Moi for his service and contribution.
“Under Sir Moi’s leadership, the value of the OTML business has nearly tripled while mine life has been extended by six years to 2032,” he said.
“The outlook for the company is very positive with over K20 billion expected to be generated over this period.
“This has been achieved at the same time as the company has made a step change improvement in safety performance.
“2020 was the first year with no lost-time injuries recorded in over 30 years. During that year, recordable injury frequency rates fell by 42 per cent. This followed a 27 per cent improvement the previous year.”
On behalf of the management and the workers, he thanked Sir Moi for his “guidance, wisdom and the positive legacy he leaves” behind.
He said Sir Moi had supporting the elevation of the first local to become the managing director and chief executive officer of Ok Tedi.
“He is warmly regarded by all at Ok Tedi, and we wish him well in his retirement,” he said.
Sir Moi thanked all the stakeholders for the support and faith shown to him and the board.