The Board of Ok Tedi Mining Limited (OTML) has endorsed the appointment of Mr. Mark Stone as the Board Chairman, effective immediately. Kumul Minerals Holdings Limited (KMHL) Board Chairman and OTML Board Director, Dr. Ila Temu, made the announcement today. Dr. Temu said Mark J. Stone has over 30 years of experience working in the international mining industry. “While his roles have focused on leading all people aspects of operating a business, his positions as an active member of various executive leadership teams have equipped him with a solid knowledge of the levers for success in a global mining company. Mark has worked in Australia, PNG, Africa and South, Central & North America in major resource companies such as BHP, MMG, First Quantum and most recently with Ok Tedi Mining Limited. His commodity experience includes coal, copper, gold, silver and manganese. Mark holds a Bachelor of Commerce degree from the University of Newcastle (Australia) in which he majored in organizational development,” Dr. Temu said. He added that Mr. Stone is a member of the Australian Human Resources Institute and the Australasian Institute of Mining & Metallurgy. “Mark has a passion for business success to deliver benefits to stakeholders. He believes in good governance and accountability, a clear vision and unlocking the potential of people to produce outstanding results,” Dr. Temu said.