Ok Tedi Mining Limited (OTML) will no longer be doing business with Puma Energy in terms receiving the supply of diesel and JET A1 fuel to support its mining operations.
This after the mining company made a strategic decision to discontinue its utilization of Puma Energys fuel supply in Tabubil, Western province due to the prolonged inability of Puma to provide consistent diesel and JET A1 supply and fulfill its contractual obligations.
The move comes despite OTML making efforts to work constructively with Puma to resolve the supply matter, even offering to purchase the fuel facilities in Tabubil.
However, Pumas strong-arm tactics saw the fuel distributor serve OTML with a notice of intention to vacate and demobilize its facilities in Tabubil, leaving OTML with no choice but to explore alternative solutions to fuel supply.
OTMLs Managing Director, Mr. Kedi Ilimbit stated that the decision was made after careful consideration of their operational needs and the necessity for reliable fuel services.
The transition away from Puma Energy demonstrates OTMLs proactive stance in addressing threats and mitigating operational risks to safeguard the interests of Papua New Guinea (PNG), ensuring the nation continues to benefit from the Ok Tedi Mine,” said Mr. Ilimbit.
By swiftly engaging with alternative providers, OTML demonstrates its unwavering commitment to maintaining uninterrupted operations while prioritizing the socio-economic prosperity of PNG.”