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🇵🇬 Papua New Guinea /Economy & Trade

Ok Tedi declares K450 million interim dividend as operations continue despite dry weather

From Post-Courier · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Ok Tedi Mining’s board declared a K450 million interim dividend for the first half of 2026.
  • Kumul Minerals Holding Limited will receive K300 million for the state, while the Mineral Resources Development Company will receive K150 million for landowner interests.
  • The announcement came as the company continued operations despite dry weather challenges.

Ok Tedi Mining Limited has declared an interim dividend of K450 million for the first half of 2026, according to Managing Director and Chief Executive Officer Kedi Ilimbit.

The dividend was paid to shareholders according to their ownership interests. Kumul Minerals Holding Limited, which represents the state’s 60 percent shareholding, received K300 million. The Mineral Resources Development Company received K150 million to manage landowner interests.

The company’s operations are continuing despite challenges linked to dry weather. The announcement was reported by the Post-Courier in an article that remains partly behind a subscription paywall.

About this summary

Originally published by Post-Courier in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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