Court Dismisses Ok Tedi
16 1월 2004 - 4:00PM
UK Regulatory
RNS Number:3079U
BHP Billiton PLC
16 January 2004
16 January 2004
Number: 04/04
COURT DISMISSES OK TEDI PROCEEDINGS
BHP Billiton confirmed today that the Supreme Court of Victoria has approved the
dismissal of proceedings against BHP Billiton and Ok Tedi Mining Limited on the
basis of a settlement reached with the plaintiffs last month.
BHP Billiton Chief Legal Counsel and Head of External Affairs, John Fast, said
he was pleased with the outcome of the case, which confirms that the company has
at all times complied with its obligations under the 1996 Ok Tedi Settlement
Agreement.
"Importantly, the settlement also confirms that there are no further unresolved
or outstanding matters in relation to the original terms of the 1996 Settlement
Agreement. This is consistent with the position taken by BHP Billiton at all
times since 1996 and is the reason why we vigorously defended this action," Mr
Fast said.
BHP Billiton completed its withdrawal from the Ok Tedi Copper Mine in Papua New
Guinea in February 2002 with the transfer of its 52% equity stake to the PNG
Sustainable Development Program Limited. The other current owners of the Ok
Tedi Mine are the Government of Papua New Guinea and the Canadian Mining Company
Inmet Mining Corporation.
Further information on BHP Billiton can be found on our Internet site:
http://www.bhpbilliton.com
Australia United Kingdom
Andrew Nairn, Investor Relations Mark Lidiard, Investor & Media Relations
Tel: +61 3 9609 3952 Mobile: +61 408 313 259 Tel: +44 20 7802 4156
email: Andrew.W.Nairn@bhpbilliton.com email: Mark.Lidiard@bhpbilliton.com
Tania Price, Media Relations South Africa
Tel: +61 3 9609 3815 Mobile: +61 419 152 780 Michael Campbell, Investor & Media Relations
email: Tania.Price@bhpbilliton.com Tel: +27 11 376 3360 Mobile: +27 82 458 2587
email: Michael.J.Campbell@bhpbilliton.com
United States
Francis McAllister, Investor Relations
Tel: +1 713 961 8625 Mobile: +1 713 480 3699
email: Francis.R.McAllister@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: Level 27, 180 Lonsdale Street Melbourne Registered Office: Neathouse Place London SW1V 1BH United
Victoria 3000 Kingdom
Telephone +61 1300 554 757 Facsimile +61 3 9609 3015 Telephone +44 20 7802 4000 Facsimile +44 20 7802 4111
The BHP Billiton Group is headquartered in Australia
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