OK TEDI HAS FUTURE IN PNG

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PORT MORESBY, Papua New Guinea (April 20, 2000 – Post-Courier)---The controversial Ok Tedi mine has a future in PNG, but the challenge is finding a solution that is economically, socially and environmentally acceptable to all parties, said Managing Director Dr. Roger Higgins.

Dr. Higgins was the guest of the Institute of National Affairs' monthly lecture series.

He spoke about the future of the Ok Tedi mine.

The mine has been in the limelight lately, mainly because of the environment impact on the mine, followed by the recent litigation instituted in the Victorian Supreme Court.

Dr. Higgins said there would be little difference between the environmental impact of closing the mine immediately or letting it operate for another 10 years.

Dr. Higgins also told the gathering that OTML would be submitting its mine closure plans to the Government next month.

These plans are a legal requirement for the company, as per the original agreement signed in 1979, which requires the company to present a mine closure plan 10 years before the end of the mine’s life.

For additional reports from The Post-Courier, go to PACIFIC ISLANDS REPORT News/Information Links: Newspapers/The Post-Courier (Papua New Guinea).

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