The revised Memorandum of Agreement (MOA) for Papua New Guinea’s largest mine, Ok Tedi was signed in June this year. Mining minister Byron chan and Star Mountain LLG President Borok
Having a female sit on the board of any landowner company within the MRDC Group is unheard of.
The State and leaders representing the Western Province landowner groups approved and signed an agreement formalising the groups’ 33% ownership of the giant Ok Tedi Mine. Prime Minister Hon Peter
Mineral Resources Development Company (MRDC) participated at the 33rd Australia Papua New Guinea Business Forum (APNGBF) & Trade Expo that was held at the Stanley Hotel in May. The theme
Mineral Resources Development Company (MRDC) Managing Director Mr. Augustine Mano has applauded the successful conduct of the recent election of landowner directors in the PNGLNG Plant site. The elections were
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.
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.
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.
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.
Schoolteacher Roselyn Tony added another award to her collection, claiming the MRDC sponsored ‘Women in Writing’ award in the 2016 Annual Crocodile Prize Literature competition. Tony’s winning entry is titled
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.