Ok Tedi Mining Limited (OTML) just recently launched its 50^th Anniversary logo to mark the country’s five decade of being and independent state, coinciding with the opening of its new office in Port Moresby city. OTML Managing Director and Chief Executive Officer (CEO) Mr. Kedi Ilimbit at the opening ceremony said the 50^th Independence Anniversary Logo not only marks the county’s anniversary but also reflects on the years of operation and contribution to the economy of Papua New Guinea over 40 years ago when the mine started operations, just 10 years after independence. On to the new building- the Kwalumu Haus- Mr. Ilimbit said after over 40 years, its only proper OTML opens a new office in the capital of PNG, marking its transition over the years to becoming a nationally owned company and a major contributor of revenue from the mining sector to the PNG economy. However, Mr. Ilimbit said despite the new office, mush of its administrative operations will remain in Western province. “The Ok Tedi head office will not be moved. The Ok Tedi office will always remain in Tabubil. What we’ve set up here is for the Ok Tedi DNA to spread over the country, over the oceans so that the DNA lives on and we’ll us this supporting Ok Tedi operations, the subsidiaries,” said the CEO. OTML occupies four levels in the Kwalimu Haus at Waigani. They are levels 9, 10, 11 and 12 where the executives reside. Levels 9 and 11 are occupied by other officers while level 10 is a common place for rest and recreation. Also, coinciding with the celebration, OTML announced its Quarter 1 (Q1) Results, which promises some good returns for its investors. OTML delivered 28,000 copper tonnes, and 74,000 gold ounces and generated revenue of US$460 million (PGK 1.85 billion). The exceptional performance results for Q1 CY2025, showcased yet another successful quarter of disciplined operational and financial excellence. Meanwhile, Prime Minister James Marape applauded OTML’s record K1.85 billion Q 1 revenue. “This exceptional result is a testament to what Papua New Guineans can accomplish when entrusted with the stewardship of our natural resources,” said Prime Minister Marape. “Ok Tedi, being 100% nationally owned, embodies our vision of resource nationalism and demonstrates how revenue and profits can flow back to our landowners, provinces, and the national budget.”