A charity funding social projects in Papua New Guinea is fighting the government for the return of the Ok Tedi copper mine, after the state took full ownership of the mine that BHP Billiton handed over more than a decade ago.
Papua New Guinea’s parliament passed laws in September for the government to take 100 percent ownership of the giant mine, and also to remove a 12-year old deal that gave BHP Billiton immunity from environmental claims.
BHP was granted immunity after agreeing to transfer its 52 percent stake in the mine to the PNG Sustainable Development Program Ltd (PNG SDP), a not-for-profit company incorporated in Singapore.
See http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=217120&sn=Detail.