general news

26Aug2024

SANTOS FOUNDATION AND MRDC SIGN COMMUNITY DEVELOPMENT PARTNERSHIP

SANTOS FOUNDATION AND MRDC SIGN COMMUNITY DEVELOPMENT PARTNERSHIP Port Moresby | Santos Foundation and the Mineral Resources Development Company Limited (MRDC) signed a Memorandum of Understanding today, 26 August 2024, to enhance the development of Nipa-Kutubu District, Southern Highlands Province. This partnership focuses on six strategic priorities within the Nipa-Kutubu District: upgrading education infrastructure and […]

12Aug2024

PUBLIC NOTICE – Update on PDL 1 Clan Bank Account Opening and Directors Election

Update on PDL 1 Clan Bank Account Opening and Directors Election The Mineral Resources Development Company (MRDC) wishes to inform and update the Hides PDL1 beneficiaries and stakeholders on the status of the Clan Bank Account Opening and Directors Election program. A court order in the case OS (JR) 198 of 2019 currently restrains the […]

19Jul2024

PUBLIC NOTICE

HIDES PDL1 CLAN BANK ACCOUNT OPENING EXERCISE The Mineral Resource Development Company (MRDC) is pleased to announce the successful completion of the clan bank account opening exercise and directors’ election for the Petroleum Development License 1 (PDL1) beneficiaries. This milestone achievement, pending since the inception of the PNGLNG project in 2014, marks significant progress. Against […]

26Jun2024

MRDC BACKS PNG RESOURCES WEEK AS PRINCIPAL SPONOR

MRDC backs PNG Resources Week as Principal Sponsor With six days to go the start of the inaugural PNG Resources Week, leading landowner Trustee company, Mineral Resources Development Company (MRDC) has stepped in, as a Principal Sponsor for this inaugural premier national event. MRDC Managing Director Augustine Mano, when confirming support for PNG Resources Week, […]

10Jun2024

PUBLIC NOTICE: PDL1 MEDIATION AND DIRECTORS’ ELECTION SCHEDULE

PUBLIC NOTICE: PDL1 MEDIATION AND DIRECTORS’ ELECTION SCHEDULE Further to our previous notice dated 3rd June 2024, Mineral Resources Development Company (MRDC) wishes to inform the public that the mediation, clan chairman consultation, awareness and election of directors will proceed as per schedule at the designated locations and dates. MRDC strongly discourages any meetings being […]

05Jun2024

MRDC RESPONDS TO KUA ON PASCA AGREEMENT

MRDC Responds to Kua on Pasca Agreement We acknowledge the recent comments made by former Minister for Petroleum, Hon. Kerenga Kua, regarding the MRDC-Twinza deal. While these remarks are not unexpected, they contain inaccuracies and misleading allegations that need to be corrected. Notably, it is ironic that his tenure significantly contributed to the nearly three-year […]

31May2024

PUBLIC NOTICE: PDL1 MEDIATION AND DIRECTORS ELECTION SCHEDULE

PDL1 MEDIATION AND DIRECTORS ELECTION SCHEDULE Mineral Resources Development Company Limited (MRDC) extends its congratulations to all the clans that have successfully opened their respective clan bank accounts. MRDC further advises that due to a court order, the opening of the remaining clan accounts will be on hold until this injunction is uplifted. MRDC will […]

30May2024

MRDC and Twinza execute Agreements over the Pasca A Project

MRDC and Twinza execute Agreements over the Pasca A Project MRDC and Twinza are pleased to announce that they have executed agreements for:• MRDC to acquire an up to 50% Participating Interest in Twinza’s Pasca A Project; and,• MRDC and Twinza to cooperate in the acquisition and development of future oil and gas opportunities in […]

21May2024

Bank Accounts Opened for Hides PDL1 Beneficiaries

Bank Accounts Opened for Hides PDL1 Beneficiaries Mineral Resources Development Company (MRDC) Managing Director Mr. Augustine Mano is pleased that the majority of the benefitting clans in the Hides Petroleum Development License 1 area are now ready to receive their royalty and equity benefits through their bank accounts. “The people are ready. An impressive 96 […]

14May2024

PUBLIC NOTICE: OFFICIAL LAUNCHING OF PDL 1 CLAN BANK ACCOUNT OPENING SET FOR MONDAY 20 MAY 2024

OFFICIAL LAUNCH OF PDL1 CLAN BANK ACCOUNT OPENING SET FOR 20 MAY 2024 In reference to the previous notice published on the 29 of April 2024, Mineral Resource Development Company (MRDC) wishes to announce the official launching of the Petroleum Development License 1 (PDL 1) Clan Bank Account Opening on Monday 20 of May 2024 […]