Under the 2001 deal BHP Billiton offloaded its majority stake to a
Singapore-based charitable trust called PNG Sustainable Development
Program (PNGSDP) Limited, which administers ongoing profits from the
mine to development projects in pollution-hit Western Province.
The PNG government -- until Wednesday -- owned the remaining 37 percent stake in Ok Tedi.
In
exchange, BHP was protected from compensation claims by landholders for
the damage from the collapse of its tailings dam and flow of hundreds
of millions of tonnes of waste into local waterways, inundating villages
and destroying vast tracts of forest.
http://www.foxnews.com/world/2013/09/19/png-makes-bhp-liable-for-environmental-damage-from-mine/
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