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Home Latest news

OTML encourages funds for the future

by Alexandra Eastwood
March 27, 2025
in Funding, Gold, Latest news, PNG, Silver
Reading Time: 2 mins read
A A
OTML’s business partners have been encouraged to invest back into the company for the benefit of the Western Province community.

Image: RODWORKS/stock.adobe.com

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Ok Tedi Mining Limited’s (OTML) business partners, trust and royalty associations have been encouraged to invest back into the company for the future benefit of the Western Province community.

Speaking at the opening of the company’s new 150 self-contained accomodation units at its Bige operations this month, OTML managing director and chief executive officer Kedi Ilimbit said the company can achieve great things if its partners rally behind it.

“As part of OTML’s corporate social responsibility, we fulfil our obligation to support endeavours that positively impact and benefit the communities sustainably,” Ilimbit said.

“But the yields will be bigger if our business partners, trust and royalty associations rally behind OTML and invest in OTML operations or other positive impact projects within the province.

“We need to reinvest either in Ok Tedi operations as passive or active investors to retain monies back in the province to impact our communities with positive sustainable change. Do not take the money and invest elsewhere.”

Ilimbit said investment opportunities could arise in the form of electrification, water or road sealing projects. He emphasised that it was important to ensure funds are being retained in the communities that OTML operates in.

“It’s time to give back to the province, particularly the CMCA regions, and OTML is committed to ensuring that its stakeholders expectations are met, while creating a sustainable change for its impacted communities and their future generations,” Ilimbit said.

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PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. As the premier source of information for the latest industry updates in the Pacific nation, PNG Mining keeps readers up to date on news, trends and insights, and is the official resource of the PNG Industrial and Mining Resources Exhibition and Conference.

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