OK TEDI UPDATES ………
September 14th, 2020
OK Tedi Mining Limited (OTML) has unveiled an updated strategic business plan that includes an extension of Ok Tedi’s mine life from 2026 to 2029.
OTML chairman, Sir Moi Avei KBE, said the mine life extension is the culmination of a number of years detailed strategic planning work and will see the company generate an additional PGK 10 billion of revenue to the benefit of all stakeholders. He added that the company will continue to invest in near mine exploration to further extend mine life beyond 2029.
OK Tedi Mining Ltd (OTML) plans to restart its operations this week, almost six weeks after it suspended operations on August 5 due to a number of COVID-19 cases that were reported in Tabubil. The company made this announcement after it initiated a contact tracing, testing and an isolation program at the mine site.