PNG Ok Tedi Mine Posts K9.3 Billion Revenue in 2025

Papua New Guinea’s Ok Tedi Mining Limited has delivered a strong financial performance in 2025, posting K9.3 billion in revenue and reinforcing its role as one of the country’s biggest economic contributors.

The Western Province operation recorded higher-than-expected output across copper, gold and silver, supported by favourable market prices and disciplined spending. Company management said steady operations throughout the year helped maintain production despite challenges linked to infrastructure and power supply.

Copper production exceeded 106,000 tonnes, while gold output approached 300,000 ounces. Silver production also passed the one-million-ounce mark, contributing to the overall revenue result.

Financially, Ok Tedi strengthened its balance sheet by cutting debt from more than K700 million to about K370 million by the end of the year. Early repayments were made as part of efforts to improve long-term stability.

The company’s contributions to the national economy remained substantial, with over K1 billion paid in taxes. Royalties, dividends and compensation payments delivered direct benefits to the State, Western Province landowners and shareholders, while millions of kina were also invested in training and community development through tax credit programs.

Managing Director and Chief Executive Officer Kedi Ilimbit said the results reflected the dedication of the workforce and the value of local ownership.

“2025 has been another strong year for Ok Tedi, and these results show what a fully PNG-owned mining company can deliver for the country,” Mr Ilimbit said.