K2bn lost in Ok Tedi shutdown

By: Adrian Mathias/NBC

It's been revealed, that Papua New Guinea lost around 2-billion Kina, following the temporary shutdown of Ok Tedi Mine last August.

Bank South Pacific's Chief Executive Officer, Robin Fleming, says the resumption of Ok Tedi brings in up to 125-point-4 million Kina, a month.

Ok Tedi's shutdown meant more than 360 to 400-million US Dollars, or around 2-billion Kina was absent from the foreign exchange market.

Fleming says, the Government's over 940-million Kina loan, will also help ease the foreign exchange pressure in the country by the end of April, 2016.