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CFO gives peak under PNG's Ok Tedi's hood

The Covid-19 pandemic cost Papua New Guinea-owned miner Ok Tedi almost two billion kina (~US$568 million), while low grades at its namesake copper, gold, and silver mine, as well as high oil prices, are troubling the company further – but it’s still making money, chief financial officer Cameron Clark told delegates at the 16th PNG Mining and Petroleum conference in Sydney, Australia.

CFO gives peak under PNG's Ok Tedi's hood CFO gives peak under PNG's Ok Tedi's hood CFO gives peak under PNG's Ok Tedi's hood CFO gives peak under PNG's Ok Tedi's hood CFO gives peak under PNG's Ok Tedi's hood

“We had to suspend the operation twice,” he said, noting that the first was for 40 days and the second for 14 days.

In the address, Clark said it's probably not well understood just how significantly the company was impacted by the pandemic.

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