Ok Tedi Suspends Operations to Control COVID-19 Spread
Operations at the Ok Tedi mine were suspended for 14 days on March 19th to protect its workforce, communities, and operation from COVID-19. In light of the recent surge in COVID-19 cases at the mine site and in Papua New Guinea, OTML will temporarily suspend operations for 14 days as of Friday, March 19th to stop further transmission of the virus within its operations. A planned return to normal operations will be determined by the effectiveness of the control measures and when the spread of the virus has been contained.
Key measures the Company will be implementing during the suspension include repatriating non-essential personnel to their home provinces and implementing a mass testing program within its workforce.
During the suspension of operations, there will be some employees who will be required to attend to normal work to maintain essential services or for care and maintenance. Loss in revenue during the suspension is expected to be in the order of PGK210 million which will directly impact foreign currency inflows into PNG.