Papua New Guinea’s potential to become a dynamic fashion and garment industry in the world is being recognised and supported by corporate and business houses in the country.
Beneficiaries of the Moran Petroleum Development Licence 5 (PDL5) in July received, their royalties totaling K1.2million for the period of January to December 2015.
With great sadness MRDC fare-welled another outstanding board member in June.
PNG needs more platforms for women to use as a support system to speak about major issues that affect them. Women are basically in fear to speak up about issues affecting them simply because they don’t have the support of the government or major organizations.
Papua New Guinean companies continue to invest in hotels in the neighbouring Pacific island nations. The recent investment is the multi-million dollar Taumeasina Island Resort in Samoa. The Taumeasina Island Resort is owned by three PNG companies; the Lamana Group (50%) Petroleum Resources Gobe (19%) and Mineral Resources Development Company (31%).
The need for mediators to handle alternative dispute resolution to resolve conflicts and disputes which can be ongoing and costly through court proceedings has become crucial in PNG.
The June issue of the MRDC Tokaut highlighted progress on the Star Mountain Plaza (SMP) project after one year of official construction. Since then we have made further progress both on and off site. We have also achieved some important milestones. The completion of the car park structure five days ahead of schedule is one such important milestone.
Papua New Guinea’s national writing contest, the Crocodile Prize, will continue this year, thanks to much needed backing from corporate and private sponsors in the country.
The staff of the Mineral Resources Development Company joined colleagues in the industry for a friendly game of touch rugby at the ExxonMobil field in August.
The people of Homa-Pawa, in Kutubu District, Southern Highlands Province have been deprived of their rights to good health and well-being for so long that they have had to travel
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.