What is the problem at Ok Tedi Mine?

What is the problem at Ok Tedi Mine?

Up to 30,000 people living to the south of the mining site along the Ok Tedi and Fly River systems have been adversely affected by the environmental impact of the mine. For example, locals have reported that they are no longer able to sell their fish and garden produce because of the polluting effects of the mine.

Which province is Ok Tedi Mine located?

Western Province of Papua New Guinea

The Ok Tedi mine is an open-cut copper, gold and silver mine located at Mt. Fubilan in the Western Province of Papua New Guinea.

Why did BHP exit Ok Tedi Mine?

BHP Billiton had sought a responsible withdrawal from the project after being unable to secure the agreement of other OTML shareholders for early closure of the mine’s operations.

Who owns Ok Tedi mining?

Papua New Guinea (PNG)
Ownership. OTML is a 100 percent Papua New Guinea (PNG) owned entity with 67 percent direct shareholding by the Independent State of PNG and the people of Western Province holding a 33 percent interest. 100% of the benefits from its operations are distributed to the people of Western Province and the State.

How is the waste from Ok Tedi removed?

Tailings Disposal
After sulphide recovery from the tailings, the remaining barren sands are disposed of by pumping the material from the processing plant through a pipeline located within the Moscow Tunnel (about 1.5 km long) for discharge into tributaries of the Ok Tedi River and eventually into the Fly River.

What mining method is used in Ok Tedi?

Address:

Which company discovered Ok Tedi mines in PNG?

Ok Tedi Mining Limited was incorporated as an entity to operate the project in 1981 and was formed from a partnership between BHP (as the majority shareholder), the PNG Government, Amoco Corporation and Inmet Mining Corporation.

Is Ok Tedi mine still operating?

Papua New Guinea: Ok Tedi mine closes as Covid-19 cases spread to new areas – Business & Human Rights Resource Centre.

What kind of issues problems did the Ok Tedi mine encounter during construction and operation?

Environmental Issues
The Ok Tedi mine originally planned to construct both a tailings dam and a waste rock dump to retain much of the mine derived waste during its mine life. However, in 1984, during construction of the foundation for the tailings dam at Ok Ma, a landslide inundated the area.

Who owns the biggest gold mine in Papua New Guinea?

Located in a remote corner of Papua New Guinea’s highland Enga province, the mine is owned by a company called the Porgera Joint Venture (PJV). PJV in turn is 95 percent owned by Barrick Gold, a Canadian company that is the world’s largest gold producer.

What are the benefits of Ok Tedi mine?

Community Development Investment
PNG, Western Province and communities obtain enduring benefits from OTML through employment, local business, dividends, taxes and royalties, goods and services, tax credit scheme (TCS) projects, training, capacity building and economic and social development programs.

What kind of problems did Ok Tedi mine encounter during construction and operation?

Who owns the largest gold mine in Papua New Guinea?

the Porgera Joint Venture
The Porgera Gold Mine is operated by the Porgera Joint Venture (PJV). Porgera Gold Mine is the second largest mine in Papua New Guinea and is regarded as one of the world’s top ten producing gold mines.
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Porgera Gold Mine.

Who is the most successful gold miner?

In 2019, the world’s two largest gold miners—Barrick Gold and Newmont Corporation—announced a historic joint venture combining their operations in Nevada. The resulting joint corporation, Nevada Gold Mines, is now the world’s largest gold mining complex with six mines churning out over 3.3 million ounces annually.

Which island is rich in gold?

Ladolam represents one of the largest epithermal gold deposits in the world and it is hosted by high-potassic igneous rocks.
Lihir Island.

What country is rich in gold?

China
Gold mining production map

Which country has best gold in the world?

China is the number one producer of gold in the world. The USGS estimates that China mined 455 metric tons of gold in 2016. Since gold began to be mined in the 1970s, gold production in China has rapidly increased. China finally overtook South Africa in 2007 as the world’s top gold producer.

Where in PNG is gold found?

The Lihir gold mine is located on the island of Lihir, in Papua New Guinea’s (PNG) New Ireland Province, 700km north-east of Port Moresby.

Does lava have gold?

The fact that active volcanoes produce gold is not that surprising, Dr. Noble said. Significant quantities of gold are also being found along mid-ocean ridges, where so-called “black smokers” emit magma from beneath the ocean floor. Such spots are loaded with minerals, he said.

Which country has cheapest gold?

Hong Kong
Based on gold prices at the end of 2020, Hong Kong may be the cheapest country to buy gold from, going by listed face value prices. According to sovereignman.com, it’s possible to easily purchase gold in Hong Kong at a lower premium than what’s common in other countries.

In which River gold is found in world?

Subarnarekha
The word Subarnarekha means ‘Golden Line’. Consistent with its name, the river forms a ‘line of gold’ throughout the year. In some parts of Jharkhand, indigenous people go to collect gold from the river in the morning and return home in the afternoon.

Which country is gold cheapest?

Based on gold prices at the end of 2020, Hong Kong may be the cheapest country to buy gold from, going by listed face value prices. According to sovereignman.com, it’s possible to easily purchase gold in Hong Kong at a lower premium than what’s common in other countries.

Which person owns the most gold in the world?

the U.S. government
The biggest gold investor in the world
The largest single owner of gold on the planet is the U.S. government. At last count, Uncle Sam had 8,133.5 tons of gold (260 million ounces) stashed in vaults around the country like Fort Knox, which holds 147.3 million ounces.

What is the largest gold mine in PNG?

The Porgera Gold Mine is operated by the Porgera Joint Venture (PJV). Porgera Gold Mine is the second largest mine in Papua New Guinea and is regarded as one of the world’s top ten producing gold mines.

Where in PNG is silver found?

About 210km northwest of Port Moresby, Hidden Valley is an open pit gold and silver mine in the Morobe province in Papua New Guinea.