Frontier Resources announced today that it had entered into two farm-in joint ventures with Ok Tedi Mining, a large producer of copper concentrate. The Ok Tedi mine is situated in Papua New Guinea’s Western Province where it extracts and exports copper, gold and silver concentrate.

The Ok Tedi mine started operations in 1984 and it is the single largest business contributor to the economies of both the Western Province and Papua New Guinea. The company has strong government affiliations, and its experience in operating in the unique and at times challenging conditions that exist in Papua New Guinea will be invaluable for a small company such as Frontier Resources.