MROT was originally incorporated under the Companies Act as Yuwai No. 24 Pty Ltd on the 25th of July, 1997. The name was changed to Mineral Resources Ok Tedi No.2 Limited on the 2nd of September 1998. MROT holds the Fly River Provincial Government’s 12% direct equity interest in Ok Tedi Mining Limited.
MROT is administered by MRDC through a management agreement. Under this agreement MRDC manages corporate, investment, client services and other affairs in accordance with standard business practice.
Implementation of Community Infrastructure Trust Funds (CITF) projects are guided by guideline as set in accordance with the Oil and Gas Act, No 49 of 1998. The guideline as formulated by the Department of Client Services defines the process of implementing the CITF projects. Under the Act, 30%, of the dividends from royalties and equities from the oil, gas and mining projects and investments are put into the CITF Trust accounts. The Managing Director is the trustee of all funds under the trust including CITF.