Ok Tedi Mine - History

History

Before mining operations Mount Fubilan was a copper mountain with a gold cap.

Exploratory drilling in the area began in the 1970s, and was run by the Kennecott Copper Corporation.

In the early 80s, BHP (now BHP Billiton) secured a mining lease and in 1984, began exploiting a gold cap on the mountain using cyanide extraction procedures. After the gold deposit was depleted, a much larger copper deposit was targeted underneath. At that time, this deposit was believed to be the largest copper deposit in the world. BHP entered into a partnership with the Papua New Guinea government, Amaco Coorporation and a Canadian company, Inmet Mining Corporation, to mine the copper deposit, although BHP maintained a majority share in the mine.

Around 20 years after the beginning of mining operations, majority share ownership turned into the hands of the PNG Sustainable Development Program, in the wake of the Ok Tedi Environmental Disaster.

All mining operations at Fubilan have had their headquarters based at Tabubil.

Read more about this topic:  Ok Tedi Mine

Famous quotes containing the word history:

    “Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!”
    —Howard Estabrook (1884–1978)

    “I believe that in the history of art and of thought there has always been at every living moment of culture a “will to renewal.” This is not the prerogative of the last decade only. All history is nothing but a succession of “crises”Mof rupture, repudiation and resistance.... When there is no “crisis,” there is stagnation, petrification and death. All thought, all art is aggressive.”
    —Eugène Ionesco (b. 1912)

    “Culture, the acquainting ourselves with the best that has been known and said in the world, and thus with the history of the human spirit.”
    —Matthew Arnold (1822–1888)