Ok Tedi Mining Limited (OTML) announced a final dividend payment of K350 Million to its shareholders recently.
OTML Board Chairman, Jeffrey Innes notes that 2023 was a restore and reset year for OTML
Prior to the recent payment, the Company had declared an initial interim dividend payment of K100 Million on 26th October, bringing the total dividend to K450 Million for the year.
OTML Board Chairman, Jeffrey Innes, assured that Key Strategic Growth 2050 projects are in place and progressing well for OTML based on the Company’s current Strategic Business Plan and is expected to generate K30 billion (US$8 billion) in cash flow.
He added that the El Nino onset also affected OTML operations for a while in November however the Company has implemented its Dry Weather Management Plan to address this.
The Board Chairman said that 2023 was a restore and reset year for OTML marked by the appointment and restructure of a new senior leadership team.
With the OTML Board approval of the Mine Life Extension up to 2050, Mr. Innes said the Company envisions sustainable growth up to 2050, with a particular focus on energy transition.
