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Saturday, January 12, 2013
Sir Mekere Morauta is new chairman for Ok Tedi Mining Ltd
The board of PNG Sustainable
Development Program Ltd announced yesterday that it had accepted the resignation of
Professor Ross Garnaut as PNGSDP’s nominee chairman and director for Ok Tedi
PNGSDP is the majority
shareholder of Ok Tedi Mining Ltd, owning 63%.
The board of PNGSDP has
nominated its chairman, Sir Mekere Morauta, to succeed Ross Garnaut on the
board of Ok Tedi Mining Ltd.
Sir Mekere Morauta
Sir Mekere, speaking on behalf
of the PNGSDP board, paid tribute to Professor Garnaut’s role in PNG’s largest
“Ross Garnaut was an inaugural
director of the new OTML when it became majority PNG-owned in 2002, and became chairman on 01 January 2011.
Professor Garnaut has played a pivotal role in the growth of both PNGSDP and Ok
Tedi Mining Ltd, and has overseen a very significant development contribution
to the nation and to Western province.
“I believe Papua New Guineans
will look back on his contribution with a sense of gratitude. "I would like to publicly thank him for all he
has done at PNGSDP and OTML.
" Ross Garnaut’s
connection with Papua New Guinea goes back 47 years.
" I can think of no other person, Papua New
Guinean or expatriate, who has contributed more to the making of good policies,
outcomes and organisations in modern Papua New Guinea.”
Sir Mekere said that when he
took over from Professor Garnaut as chair of PNGSDP in October last year, he
asked him to stay on as chairman of OTML to oversee a succession plan for a
Papua New Guinean replacement, and to see a number of very important projects
through to completion, including mine life extension, mine closure planning and
engagement with other companies in exploring potential cooperation in
development of ore bodies close to Ok Tedi in the adjacent Star Mountains and
at Frieda River.
However, Sir Mekere said, the government’s decision to not allow Professor Garnaut to travel to Papua New
Guinea for the time being meant that appointment of a new chairman had to be
brought forward as Professor Garnaut could not continue to chair OTML from