Under the Oil and Gas Act 1998 the Trustee of the Trusts must be a company. It is requirement in the law that this company is a wholly owned subsidiary company of MRDC. That MRDC subsidiary company is therefore the corporate trustee. The corporate trustee acts through its Board of Directors.
We strive to fulfill our mission of creating wealth for Papua New Guineans, particularly our beneficiaries. This ambitious goal demands a united and high-performing workforce that embodies the MRDC RAITE Values, fostering the right culture for our journey.
Mineral Resources Development Company Limited (MRDC) is registered under the Companies Act 1997 and is wholly owned by the State. Since 1975, MRDC has proudly managed landowner and provincial equity in Papua New Guinea’s resource sector — building wealth, empowering communities, and shaping a legacy of progress.