In the midst of Papua New Guinea’s state of emergency, there was a change at the top of Ok Tedi Mining Limited (OTML). Business Advantage PNG asks Musje Werror, OTML’s newly appointed Managing Director and CEO, about his vision for the future of PNG’s largest mine.
The Ok Tedi Development Foundation gets a new boss, CPL Group welcomes a Trainee Marketing Manager and Pacific Tourism Organisation gets an interim Chairman.
Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.
PanAust applies for Frieda River mining licence, new deal governing American access to the region’s tuna fishing and Chief Secretary to Government says Papua New Guinea’s economic fundamentals sound. Your weekly digest of the latest business news.
PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.
Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.
More details about the potential of the Elk-Antelope LNG Project emerge, 108 companies apply for exemptions to minimum wage increase, and social media fundraising underway to buy Bougainville cocoa. Your weekly digest of the latest business news.
Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG’s largest mine, Ok Tedi. In this speech, delivered at the announcement of the company’s 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG’s largest mine, and his own organisation.
In November 2012, Ok Tedi Mining Limited (OTML) submitted a feasibility plan to extend the Ok Tedi mine’s life to 2025. With continuation agreements being finalised with Western Province landowners this month, we spoke with OTML’s CEO Nigel Parker about the US$822 million extension project and likely changes to PNG’s mining laws.
Nigel Parker, Managing Director and Chief Executive Officer of Ok Tedi Mining Limited (OTML), shares his thoughts on corporate social responsibility, mine life extension and what it means to lead a major mining company in a global market.
1 2