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Commercial

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Investments are central to MRDC’s mission to create wealth and opportunities for its beneficiaries. A key part of this role is providing sound investment advice to the boards of Trustee companies to undertake these investments, so they deliver capital growth and provide a sustainable and consistent flow of income. MRDC has in place a robust Investment Policy to guide these efforts. 

BSP is the largest bank in PNG and the South Pacific with a market share of 56% in banking sector. BSP had diversified into asset finance and life insurance. BSP has branches across major Pacific island countries as well as South East Asia. MRDC group are the third largest shareholders of BSP leading by Petroleum Resources Kutubu Limited.

website —> https://www.bsp.com.pg/

The Coleman Properties, a commercial property is situated at the corner of Spence Street and Grafton Street Cairns, Queensland Australia.

They comprise three (3) land allotments located adjacent to each other and contain three (3) two (2) level high standard commercial buildings with offices at top floors and retail shops on ground levels. They are the buildings located within the centre of CBD of Cairns with close proximity to shopping centres, banks, hotels, etc. It is owned equally by Petroleum Resources Kutubu, Petroleum Resources Moran, Petroleum Resources Gobe and MRDC.

Dirio Gas & Power is MRDC’s latest investment project in the power generation business. The Dirio Gas-based 45MW power plant is 100 per cent owned by Papua New Guineans (landowners and provincial governments) from SHP, Hela, Gulf, Western and Central Provinces. Dirio power plant is West of Port Moresby, close to PNG LNG Project plant facility at Caution Bay. It is an investment which offers sustained income to the shareholders outside of the oil and gas royalties and provides project security to PNG LNG Project. Dirio aims to deliver cheaper power, making electricity more affordable.

The plant will operate three 15 MW Titan Solar turbines, producing a total energy capacity of 45 MW. The produced electric energy will be fed into PNG Power Ltd (PPL) Port Moresby Grid.

The MRDC Group of Companies owns fifty percent (50%) of the Hevilift Group in partnership with Regional Aviation Ltd. Petroleum Resources Kutubu, Petroleum Resources Gobe, Mineral Resources Star Mountain, and Petroleum Resources Moran). Learn more about Hevilift by visiting their official
website –> http://www.heviliftgroup.com

Board of Directors

The MRDC Group is represented on the Board of Hevilift by the following directors::

  • Augustine Mano
    Director, MRDC

  • Mark Sakai
    Director, PRK

The MRDC Group of Companies (Petroleum Resources Kutubu, MRDC, and Mineral Resources Ok Tedi 2) owns twenty seven percent (27%)

The Pearl South Pacific Resort and Golf Course is located in the Pacific Habour, Fiji, the regions’ biggest tourism market. MRDC and subsidiaries; Petroleum Resources Kutubu (PRK), Mineral Resources Ok Tedi No 2 (MROT2) jointly acquired the Pearl Resort and Golf Course in 2012. Website –> http://www.thepearlsouthpacific.com

Board of Directors

The MRDC Group is represented on the Board of the Pearl South Pacific Resort by the following directors:

  • Augustine Mano
    Chairman, Pearl South Pacific

  • Harry Kore
    Director, MRDC

  • Hon. Taboi Yawi Yoto
    Director, Chairman MROT No.2 Ltd

  • John Kapi Nato
    Director, PRK

The MRDC Group of Companies (MRDC, Mineral Resources Ok Tedi 2, and Mineral Resources Star Mountain) owns more than forty one percent (41.09%) of PNG Air in partnership with Nasfund Ltd and others. website –> http://www.pngair.com.pg
 
 

The Hohola Mobil Service Station is owned by MRDC Group subsidiary, Star Mountain Service Station Limited (SMSSL). It is in partnership with MRDC and Mobil Oil New Guinea (MONG), a subsidiary of Mobil PNG Limited (MOBIL). MONG is the downstream business of MOBIL. The mid-stream and up-stream business is managed under Exxon Mobil PNG

SMSSL is a three-way partnership between the three MRDC subsidiaries from Western Province – Mineral Resources Star Mountains Limited (MRSM), Mineral Resources Ok Tedi Limited (MROT), and Mineral Resources Community Mine Continuation Agreement Holdings Limited (MRCMCAH), holding equal share in SMSSL

The Hohola Mobil Service Station Site is MOBIL’s first “FLAGSHIP” site in PNG. The success of this model is expected to pave the way for development of more similar sites across the Country. MRDC’s partnership with MOBIL on the development of the Hohola Service Station provides a unique opportunity for the MRDC Group to capitalize on MOBIL’s expansion plan of their national retail footprint. It will be operated by Lifu Holding, a local specialist fuels station outlet operator based in Port Moresby.

 

Website –> http://www.startmountainplaza.com

Star Mountain Plaza Limited is a joint venture between the Independent State of Papua New Guinea and three MRDC subsidiaries representing landowner and provincial government interests:

  • Mineral Resources Star Mountain (MRSM): Representing Mt. Fubilan landowners.
  • Mineral Resources Ok Tedi No. 2 (MROT): Representing the Fly River Provincial Government.
  • Petroleum Resources Kutubu Limited (PRK): Representing the Southern Highlands Provincial Government (SHPG), Gulf Provincial Government (GPG), Kutubu and Kikori landowners.

Board of Directors

The MRDC Group is represented on the Board of Star Mountain Plaza Ltd by the following directors:

  • Augustine Mano
    Chairman, SMPL

  • Hon. Taboi Yawi Yoto
    Director, MROT2

  • Hon. Chris Haiveta
    Director, PRK

  • Harry Kore
    Director, MRDC

  • David Kaiankim
    Director, MRSM

  • Johnny Yawari
    Director, PRK

  • Dairi Vele
    Director, MRDC

 

Board of Directors

The MRDC Group is represented on the Board of Taumeasina Island Resort Samoa by its Managing Director, Augustine Mano.

  • Augustine Mano
    Chairman, Taumeasina Island Resort

Get the latest news on mineral resource development, project milestones, and subsidiary updates

Mineral Resources

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.

  • MRDC Haus, Level 12, Port Moresby
  • (675) 302 9600
  • (675) 320 0922

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