PNG's Ok Tedi sees lower copper output, may extend mine

Papua New Guinea's Ok Tedi mine is expected to produce 160 000 t of copper in 2010, down from 166 000 t in 2009, Ok Tedi general manager Ian Sheppard said on Tuesday. He also told a conference in Sydney that a study was due in mid 2011 to look at...

Ok Tedi strike will knock output – Inmet

Toronto-based Inmet Mining expects an illegal strike at the Ok Tedi mine, in Papua New Guinea, to reduce the company's total production this year by about 80 t of copper and 300 oz of gold for each day the action continues. Inmet owns 18% of Ok...

Inmet gets PNG approval to swap mine stake for royalty

TSX-listed Inmet Mining has received approval from the National Executive Council of Papua New Guinea, for the company's plan to exchange its 18% holding in Ok Tedi Mining Limited (OTML) for a 5% net smelter return on revenues from the Ok Tedi...