Strong results for Ok Tedi reinforces PNG’s strength

Ok Tedi Mining has reported a strong operational and financial performance for 2025, highlighting the continued importance of the Mt Fubilan operation to Papua New Guinea’s economy and development.

As a 100 per cent PNG-owned mining company, Ok Tedi’s results underscore the value of national ownership in delivering long-term benefits to the country.

“2025 has been another exceptional year for Ok Tedi. Our strong performance reflects the discipline, commitment, and professionalism of our workforce and reinforces the value of operating a 100 per cent PNG-owned mining company for the benefit of our people,” Ok Tedi chief executive Kedi Ilimbit said.

The copper-gold-silver operation exceeded production targets during the year, producing 106,018 tonnes of copper, 298,350 ounces of gold and 1,008,346 ounces of silver.

Strong output was supported by consistent operational performance and disciplined mine planning across the operation.

Financially, Ok Tedi recorded unaudited revenue of approximately $3.1 billion for 2025, reflecting solid production volumes and favourable commodity prices.

The performance translated into substantial returns to Papua New Guinea, including $370 million in taxes, $60 million in royalties and $340 million in dividends, reinforcing the mine’s role as a cornerstone contributor to the national economy.

Additional economic benefits included around $261 million delivered through the Tax Credit Scheme, $34 million in compensation payments and $13 million invested in training, supporting skills development and regional infrastructure.

Ok Tedi also strengthened its balance sheet, reducing net debt from $241 million at the end of 2023 to $126 million, following early debt repayments.

Looking to the future, the company continued to invest in growth opportunities, including the acquisition of the Misima Gold Project and expansion of Ok Tedi Energy, positioning the business for long-term sustainability.

“As we move into 2026 under our Disciplined Delivery business theme, we remain focused on safe operations, operational excellence, and long-term value creation under our Growth 2050 strategy,” Ilimbit said.