Ok Tedi Mining Limited (Ok Tedi) has reported a strong, safe, and reliable performance in 2025, underlining the company’s disciplined operational execution and its role as Papua New Guinea’s 100% nationally owned mining company.
The company exceeded production targets last year, achieving:
- 106,018 tonnes of copper
- 298,350 ounces of gold
- 1,008,346 ounces of silver
These results reflect Ok Tedi’s continued implementation of a strategic direction over the past two and a half years, driven by workforce commitment, strong safety performance, and disciplined execution across all operations — from pit to port.
Despite operational challenges, including infrastructure and power-related disruptions, the company maintained reliable performance through careful planning, effective execution of major projects and shutdowns, and a strong focus on operational discipline.
Strong Financial Performance
Ok Tedi reported unaudited revenue of K9.3 billion (US$2.3 billion) for 2025, supported by consistent production, favourable metal prices, and prudent cost management.
This translated into significant benefits for Papua New Guinea, including:
- Royalties: K178 million
- Taxes: K1.090 billion
- Compensation payments: K99 million
- Training investment: K37 million
- Tax Credit Scheme contributions: K766 million
- Dividends: K1 billion (US$240 million)
The company also strengthened its financial resilience by reducing debt from K709 million at the end of 2023 to K370 million, including early repayments.
Growth and Long-Term Value
In line with its long-term growth strategy, Ok Tedi continued to invest in future opportunities, including the acquisition of the Misima Gold Project, reflecting confidence in PNG’s mining sector and the company’s role in sustainable development. The company also expanded Ok Tedi Energy to support its future growth.
As Papua New Guinea celebrates 50 years of Independence, Ok Tedi marks 41 years of contribution to national development, supporting employment, skills development, infrastructure, community investment, and economic growth.
Managing Director and Chief Executive Officer Kedi Ilimbit said the 2025 results highlighted the strength of the business and its workforce.
“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% PNG owned mining company for the benefit of our people,” Ilimbit said.
“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.”
Looking Ahead
Building on its strong 2025 performance, Ok Tedi enters 2026 focused on Disciplined Delivery, ensuring the company continues to operate safely, reliably, innovatively, and sustainably while delivering lasting value to Papua New Guinea and future generations.
