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Port Moresby
October 28, 2021
News

Ok Tedi Landowners Want Full Shares

Representttatives ofthe Community Mine Continuation Agreement in South Fly, Middle fly andthe mine villages have met and agreed on a number of positions concerningthe ownership ofthe 63.4 per cent shareholding in Ok Tedi Mining Limited.

They made this known through a media release on Sunday (yesterday).

 

The CMCA statement represents over 110,000 people.

 

It was revealed a letter was written tothe Prime Minister concerningthe 63.4 per cent ofthe shares in Ok Tedi Mining Ltd.

 

Their demands include for the whole 63.4 per cent shareholding to be given back tothem; allthe dividends to be paid directly to CMCA and mine villages.

 

They claimthe distribution of dividends is part ofthe environmental compensation to CMCA people and Mine Villages.

 

They want a halt to all payment and use dividends ofthe 2012 by any person or body ther thanthe CMCA Mine village communities; and an immediate halt to all dealings inthe 63.4 per cent shareholding pending outcome of meeting withthe Prime Minister.

 

And inthe interim,they demandthe immediate transfer ofthe 2.5 per cent shareholding plus any ther outstanding commitments ofthe 2006 – 2007 CMCA review outcomes.

https://youtube.com/watch?v=Hxm89f724zU%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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