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click for satellite view
| Location: |
Papua New Guinea |
| Ownership: |
18% |
| Type of mine: |
open pit |
| Type of ore body: |
massive copper and gold porphyry deposit |
| Primary metal: |
copper |
| Secondary metal: |
gold |
| End product: |
copper concentrate |
| Mining method: |
open pit |
| Opened: |
1984 |
| Expected mine life: |
2013 |
| Average reserve grades: |
copper – 0.8%, gold – 1.1 grams per tonne |
| Infrastructure: |
concentrate pipeline and river barging |
| Employees: |
2,100 |
| Contractors: |
1,200 |
As at December 31, 2007.
The Ok Tedi mine is located in the Star Mountains region of Papua New Guinea. We have an 18 percent interest in Ok Tedi Mining Limited, the owner of the mine. 52 percent of OTML is owned by PNG Sustainable Development Limited and the remaining 30 percent is owned by the Government of Papua New Guinea. Ok Tedi produces two main products: a gold rich copper concentrate, and gold recovered from the gravity circuit. The copper concentrate is shipped to several international smelters, largely by ocean going vessels.
In 2007, 80 percent of Ok Tedi’s revenue was from copper and 20 percent was from gold.
Targets and results
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|
three months ended Mar. 31 |
year ended December 31 |
objective |
|
(100 percent) |
|
2008 |
2007 |
change |
2007 |
2006 |
change |
2008 |
| Tonnes of ore milled(000's) |
|
5,000 |
6,600 |
- 24% |
25,800 |
27,600 |
- 7% |
25,300 |
| Tonnes of ore milled per day |
|
54,900 |
72,500 |
- 24% |
71,000 |
75,600 |
- 7% |
69,000 |
| Strip ratio |
|
1.9 |
1.3 |
+ 46% |
1.3 |
1.6 |
- 19% |
1.3 |
| Grades |
copper(percent) |
0.9 |
0.8 |
+ 13% |
0.8 |
0.8 |
- |
0.8 |
| |
gold
(grams/tonne) |
1.0 |
0.8 |
+ 25% |
0.9 |
0.9 |
- |
1.2 |
| Mill recoveries (percent) |
copper |
85 |
85 |
- |
86 |
86 |
- |
85 |
| |
gold |
73 |
71 |
+ 3% |
71 |
71 |
- |
67 |
| Production |
copper(tonnes) |
37,300 |
45,300 |
- 18% |
169,200 |
194,400 |
- 13% |
174,000 |
| |
gold (ounces) |
118,500 |
126,700 |
- 6% |
471,800 |
550,100 |
- 14% |
674,000 |
| Cost per tonne of ore milled (C$) |
|
$24 |
$17 |
+ 41% |
$18 |
$17 |
+ 6% |
$18 |
quick links
Download the Ok Tedi section from our first quarter press release for the most recent update.
Download the Ok Tedi section from our 2007 annual information form.
Ok Tedi 2007 sustainability report
(PDF English - 1,373 kB)
Ok Tedi Mining Limited
Latest news
Access any of our news releases in this section
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