2014

The MRDC Group of Companies invested in Hevilift by acquiring 50% of shares in the company. This investment decision is to participate in the aviation business with the major light aircraft business operator in the Asia Pacific region. Prior to the investment decision, due diligence was conducted for nine months in Hevilift Ltd to purchase half of the shares in that company.

Bank of South Pacific (BSP) is proud to open this sub-branch in Kikori District of Gulf Province. This is a historic occasion as this is the first time a bank

Thank you for joining us on this very important occasion for the people of Kikori – the opening of the BSP bank, the Post Office and the PNG Power facilities. These facilities will serve the community, and that is why it is important that we take responsibility in managing these facilities.

Petroleum Resources Kutubu Limited (PRK) is a subsidiary of Mineral Resources Development Company (MRDC). It was incorporated in 1989 under the Companies Act to hold the landowners and provincial government equity interest in the Kutubu Petroleum Project and currently manages 6.75% equity in the Project on behalf of the beneficiaries in Petroleum Development Licence 2 (PDL2) area.

This marks a key event in the history of Post PNG and also the people of Kikori, Gulf Province and Papua New Guinea. The opening of this Post Office is significant for Post PNG as a crucial supplier of basic postal, logistical and financial services to the people of this District.

Building a BSP bank and Post Office as well as accommodation facilities and support services in a remote area like Kikori in the Gulf Province required solutions to a variety of logistical problems – but it was a challenge Global Modular Solutions (GMS) was happy to take on.