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Ok Tedi Project
Ok Tedi
Country
Papua New Guinea
Close to
Mt fubilan
Status
PRODUCTION
Latitude / Longitude
6 S 28 / 145 E 14
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Copper - Gold -
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Risk and valuation analysis of the Ok Tedi Project
Status Risk : Production
Country Risk : Important
Resource Risk : 92.00%
In situ value
6,496,838,421 $
Link to technical report
Title(s) of the Ok Tedi Project
Inmet Mining Corp.
Joint venture: 18%
Title
Company Profile
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Inmet has 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.
Location of the Ok Tedi Project
Ok Tedi is one of the world’s largest copper and gold mines and is situated in the Star Mountains region of Papua New Guinea.
History of the Ok Tedi Project
The open pit mine has been in production since 1985
Reserves and resources of the Ok Tedi Project
Tonnage
Grade
Reserves and resources
Copper
Gold
Copper
Gold
%
g/t
lbs
oz
Proven
93,000,000
0.70
0.90
1 435 209 327
2 691 017
Probable
30,000,000
1.20
2.10
793 664 144
2 025 497
Proven and Probable
123,000,000
0.82
1.19
2 228 873 471
4 716 515
Total
123 000 000
2 228 873 471
4 716 515
Definitions
Reserves and resources of the Ok Tedi Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Copper
2 228 873 471
1 435 209 327
793 664 144
2 228 873 471
lbs
7 446 666 266 US$
Gold
4 716 515
2 691 017
2 025 497
4 716 515
oz
6 555 342 038 US$
Exploration and drilling
4/19/2010
Announces End of Ok Tedi Strike Action
6/3/2009
Announces Understanding to Exchange 18 Percent Interest in O...
3/12/2008
Confirms Ok Tedi Subject to Illegal Strike Action
Location
Data last updated on : 12/31/2008
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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