Click TV Discs Maintenance Program Completed
MRDC has successfully facilitated a recent joint maintenance program with Click TV in Kutubu, Gobe and Kikori areas. MRDC officers […]
Revised Mining Project MOA For Ok Tedi Signed
The revised Memorandum of Agreement (MOA) for Papua New Guinea’s largest mine, Ok Tedi was signed in June this year.
MRDC Welcomes First Female Director
Having a female sit on the board of any landowner company within the MRDC Group is unheard of.
State Signs HOA, Formalises Landowners’ Share Ownership
The State and leaders representing the Western Province landowner groups approved and signed an agreement formalising the groups’ 33% ownership
MRDC participates in Aust-PNG Forum
Mineral Resources Development Company (MRDC) participated at the 33rd Australia Papua New Guinea Business Forum (APNGBF) & Trade Expo that
Mano Applauds Election Process of PPFL2
Mineral Resources Development Company (MRDC) Managing Director Mr. Augustine Mano has applauded the successful conduct of the recent election of
MRDC Donates Vehicle to Hope Institute
The people of Kutubu through Petroleum Resources Kutubu (PRK) Limited donated a brand new 25-seater bus to the Hope Institute in Tari. The institute serves as a health and education facility which provides school dropouts in the province a chance to continue their education through basic training courses.
TechTok: Muruk 1 Discovery – Boosts PNG Gas Reservers
PNG received its 2017 New Year’s blessing with the breaking news of Muruk 1 discovery at the eve of the year end. Oil Search began drilling the Muruk-1 well on Nov. 2, 2016. The drilling campaign concluded with a successful discovery in the Toro formation of the early cretaceous stones similar to the Hides and Juha gas fields. See figure below for the licence area showing well location and see figure 2 for cross-section map of the Muruk 1 prospect showing the Toro formation of the drilling and appraisal target.
OK Tedi Landowners Sign 33% Benefit Sharing Agreement
Landowners from the giant Ok Tedi Mine now own a 33% stake in the mine’s operation, becoming the first landowners to own a larger than mandated equity share in any resource project in Papua New Guinea.
State, Landowners Partner to Build K1.2 Billion Iconic Hotel
The partnership between the PNG Government and the landowners in building the K1.2 billion Hilton Hotel and Convention Center is a true partnership in all sense.