Kumul Minerals Presents Dividend to State.

Kumul Minerals Holdings Limited (KMHL) is pleased to announce its final dividend payment for the
Financial Year 2023 to the State.
This payment was presented during the Company’s Annual General Meeting held on June 21, 2024.
The positive performance of Ok Tedi Mining Limited in 2023 has resulted in a total of K150.75 million
declared dividends payable to the State, out of which the final payment of K58.625 million dividend is
now being paid to the State. KMHL holds 67 percent shares in Ok Tedi Mining Limited.
Ok Tedi Mine continues to perform very well and is strategically driving operational efficiency and
excellence in all areas of the Mine.
During the first five months of 2024, the Mine continued to deliver strong cashflow with year-to-date
profits posting 60 percent above budget and is expecting a strong run to the end of the year. Therefore,
2024 is expected to be another good year for Ok Tedi Mining Limited.
KMHL remains committed to contributing to the country’s wealth through its investments. The company
continues to prosper in its core business, focusing on state-equity option projects, direct and indirect
investments, and its exploration portfolio.
This event underscores Kumul Minerals’ vision to be a world-class mineral resource company, delivering
value to shareholders, stakeholders, and the nation. Its mission is to operate mineral assets sustainably
and profitably.
Honorable William Duma, Minister for State-Owned Enterprises, received the cheque on behalf of the
government.

Sarimu Kanu
Managing Director – Kumul Minerals Holdings Limited