Port Moresby, Papua New Guinea – April 17, 2025 – Kumul Minerals Holdings Limited (KMHL) is pleased to announce the payment of K54, 250,000 to the State of Papua New Guinea, derived from the successful operations of Ok Tedi Mining Limited.
In a formal ceremony held today, the cheque was handed over to Honourable William Duma, Minister for State Owned Enterprises, who represented the State of Papua New Guinea.
The dividend payment is a testament to the robust performance and consistent efforts of Ok Tedi Mining Limited.
Dr. Illa Temu, Chairman of the Board of Directors of KMHL, expressed his pride in the achievements of Ok Tedi Mining Limited.
“We are delighted to hand over this dividend to the State. The consistent efforts and positive results delivered by Ok Tedi Mining Limited have made this possible. This payment underscores our commitment to contributing to the economic development of Papua New Guinea.”
Minister William Duma acknowledged the importance of this dividend for the State.
“This dividend payment is a significant contribution to our national economy and will support various development initiatives. We appreciate the hard work and dedication of Ok Tedi Mining Limited and KMHL in achieving these results.”
The dividend payment highlights the successful partnership between KMHL and Ok Tedi Mining Limited, reinforcing their shared commitment to the prosperity of Papua New Guinea.
