3 Apr 2013

PNG govt keen for management changes at Ok Tedi mine

11:18 am on 3 April 2013

The government of Papua New Guinea says it will restructure the management of the Ok Tedi copper mine to ensure its funds are managed in PNG and not in Singapore.

The Post Courier newspaper reports the Prime Minister Peter O'Neill has vowed to end what he describes as secret arrangements between the mine's former owner, BHP Billiton, and the PNG Sustainable Development Project.

The PNGSDP was created by BHP in 2002 to manage OK Tedi's profits on behalf of the people of Western Province, following massive environmental damage caused by the mine.

OK Tedi's mining lease expires at the end of this year.

Mr O'Neill told the Post Courier, when the lease expires, the government will introduce management arrangements that will end any secret arrangements, and ensure Papua New Guineans have a say in the mine's future and its management.