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A cautionary tale
Disaster. Devastation.
Destruction.
These things began for BHP in 1981
when the Ok Tedi Mining Limited company was incorporated. It detailed
an Environmental Impact Statement for the Mount Fubilan gold and
copper mine that was commenced in that year. We jump from here to
a news release from BHP Company Limited dated 11 August 1999, to
quote:
From
BHP's perspective as a shareholder the easy conclusion to read,
with the benefit of these (local
PNG) reports and 20120 hindsight,
is that the mine is not compatible
with our environmental values
and the company should never
have been involved.
By
1982 the Environmental Impact Statement had been completed and approved
on the basis of a conceptual design incorporating stable waste rock
dumps and a conventional tailings dam. The tailings dam, so vital
to BHP's involvement with the Ok Tedi mining work, never came into
being. This led to the subsequent enormous environmental disaster
surrounding the Ok Tedi and Fly Rivers in Western Papua New Guinea.
In their Annual Report of 1982 BHP
gave details of the investment of $A1.5 billion in the establishment
of the Ok Tedi gold and copper mine. |