Dividend Information
The Mineral Resources Development Company (MRDC) is committed to ensuring that landowners and provincial governments in Papua New Guinea receive equitable benefits from the nation’s resource projects. A key aspect of this commitment is the distribution of dividends generated from various investments and resource operations.
Dividend Distributions
- Petroleum Development License 7 (PDL 7): In August 2017, landowners from PDL 7 received their inaugural royalty and dividend payments, marking a significant milestone in MRDC’s efforts to deliver direct financial benefits to stakeholders.
- Gas Resources PNG LNG Plant Ltd (GR-PNGLNGP): In August 2021, GR-PNGLNGP announced the distribution of royalty and dividend payments to its beneficiaries, further exemplifying MRDC’s role in managing and disbursing funds derived from resource projects.
- Mineral Resources Star Mountain Ltd (MRSM): In June 2021, MRSM disbursed K19.4 million in dividends, reflecting the company’s profitable investments and effective management strategies.
These dividend payments are a testament to MRDC’s dedication to transparent and efficient management of resource-derived revenues. By channeling profits back to landowners and provincial governments, MRDC plays a pivotal role in fostering sustainable development and economic empowerment across Papua New Guinea.