Mineral Resources Star Mountains Limited (MRSM) was incorporated under the PNG Companies Act in 2001 to hold the landowners 9% direct equity interest in OTML, in trust for the benefit for the ten Ok Tedi landowning villages.
Mineral Resources Star Mountains Limited (MRSM) was incorporated under the PNG Companies Act in 2001 to hold the landowners 9% direct equity interest in OTML, in trust for the benefit for the ten Ok Tedi landowning villages.
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.