Papua New Guinea
Ok Tedi Mining Limited is an esteemed Papua New Guinea owned open-pit copper and gold mine nestled in the Star Mountains of the Western Province of Papua New Guinea. Since its inception in 1981, the company has been unwavering in its commitment to extracting and processing copper and gold from its Mt Fubilan mining and mill operations. Notably, the concentrate is transported through a pipeline to its port operations in Kiunga and further shipped by barge to Port Moresby Harbour for subsequent dispatch to smelting markets in Germany, India, Japan, Korea and The Philippines.
What sets Ok Tedi apart is its unique ownership structure. The company boasts being 100% PNG owned, with 67% shareholding by the Government of Papua New Guinea, while the people of Western Province hold the remaining 33% interest. The company's headquarters in Tabubil, Western Province, PNG, also has representatives in Port Moresby, PNG, and a marketing and logistics facility in Brisbane, Australia.
At the heart of Ok Tedi Mining's operations is a steadfast commitment to its core values of Safety & Environment, Integrity, Accountability, Teamwork, Performance, and Sustainability, under the stewardship of visionary leadership.
As of now, there is no information on the last investment and the investors associated with it. However, given Ok Tedi's strategic location and its pivotal role in the extraction and export of copper and gold, the company holds significant potential to attract venture capital and investment, particularly from entities seeking opportunities in the mining and natural resources sector within the Pacific region. With its strong foothold in the rich terrains of Papua New Guinea, Ok Tedi Mining Limited stands poised for further growth and sustainable value creation in the years to come.
