PNGSDP was established in 2002, when BHP Billiton divested its 52 percent shareholding in OTML following concerns about the long-term environmental impact of the mine, and the social and economic repercussions of this impact. PNGSDP has the task of applying the funds coming from OTML which are assigned for the development of the PNG, in particular the people of the Western Province.

PNGSDP’s objective is to support selected Sustainable Development Programs through projects and initiatives to benefit PNG.  When the Ok Tedi Mining operation ends in the Western Province around 2013, our charter is to ensure that ongoing and lasting benefits remain with the people of the Western Province and PNG as a whole.

Our country has vast natural and mineral wealth and our people are enterprising and talented.  However we face significant development challenges.  PNGSDP plays a vital role in addressing these challenges.  The work we do is also in keeping with the aims and aspirations outlined in the UN Millennium Development Goals.

 

Our Mission

Promoting development that meets the needs of the present generation and establishes the foundation for continuing progress for future generations of Papua New Guineans. 

 

WHAT WE DO

We will achieve this by:

- investing and managing wisely the income and resources of the Company;
- undertaking investments and projects that provide significant short and long term benefits to the people, local communities, provinces and the nation;
- meeting the best financial, physical, cultural, social and environmental standards in all our activities; and
- working together with the people of Papua New Guinea in partnership with the government, churches and other non-government development and business partners.