ESG

Ok Tedi outlines hefty COVID cost

THE COVID-19 pandemic cost Papua New Guinea-owned miner Ok Tedi almost two billion kina (roughly 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.

Nathan Richardson in Sydney

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

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

However, the mine is still making money, chief financial officer Cameron Clark told delegates at the 16th PNG Mining and Petroleum conference in Sydney yesterday. In the address, Clark said it probably...

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