re: Ann: JV Negotiations, Funding and Tasmani... Ok Tedi mine nearby...... looking at their website they generate 32% of PNG total export earnings, employee over 2000+ people and also mentions the mine is due to close in 2013.... bit of pressure there to find new deposits I would suggest........ otherwise the Australian gov may have to employ a lot more to carry bags for trekkers across kokoda!!!
From their site:
Ok Tedi mine closure has significant social and economic implications for the regions surrounding the mine and the people who live there, whether or not they have been employees of the mine or their dependents. Under the current open-cut mining plan, mining operations at Ok Tedi are expected to cease around mid- to late-2013 when accessible ore is exhausted. OTML is examining a range of options in order to continue as a company after the current open-cut mine of the ore body runs out, including underground mining for less accessible mineral deposits on Mt Fubilan.
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