The revised Memorandum of Agreement (MOA) for Papua New Guinea’s largest mine, Ok Tedi was signed in June this year. Mining minister Byron chan and Star Mountain LLG President Borok Pitalok singing the MOA review in Tabubil. Mining Minister Byron Chan was on hand to officiate at the ceremony which took place in the Ok […]
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Having a female sit on the board of any landowner company within the MRDC Group is unheard of. This, until recently, when the landowners of the PNGLNG Plant Processing Facility Licence 2 (PPFL2) area voted in, in an unprecedented move, a female as one of four landowner directors to the board of their new company […]
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The State and leaders representing the Western Province landowner groups approved and signed an agreement formalising the groups’ 33% ownership of the giant Ok Tedi Mine. Prime Minister Hon Peter O’Neill congratulates CMCA Core Group Leaders Richard Zumoi as Mine SML area leader Joel Dangkim (centre) looks on after the HoA signing ceremony. Prime Minister […]
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Mineral Resources Development Company (MRDC) participated at the 33rd Australia Papua New Guinea Business Forum (APNGBF) & Trade Expo that was held at the Stanley Hotel in May. The theme of the three-day event which started on May 14; “Navigating the Cycle: Creating Opportunities in Challenging Times” captures rightly the work MRDC does in leveraging […]
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Mineral Resources Development Company (MRDC) Managing Director Mr. Augustine Mano has applauded the successful conduct of the recent election of landowner directors in the PNGLNG Plant site. The elections were the first of its kind in any PNGLNG Project area since the project started. Through the process, four new landowner directors were elected to represent […]
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The 2017 National Souths Basketball League tournament was successfully completed, thanks to a huge K150,000 sponsorship from Petroleum Resources Kutubu. Women’s Division Back-to-Back Champions Kutubu Lakers with their awards after the presentation at Taurama Aquatic Centre The competition was nothing short of exciting and culminated in two nail-biting finals that kept spectators on the edge […]
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The people of Kutubu through Petroleum Resources Kutubu (PRK) Limited donated a brand new 25-seater bus to the Hope Institute in Tari. The institute serves as a health and education facility which provides school dropouts in the province a chance to continue their education through basic training courses. The brand new 25-seater school bus donated […]
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PNG received its 2017 New Year’s blessing with the breaking news of Muruk 1 discovery at the eve of the year end. Oil Search began drilling the Muruk-1 well on Nov. 2, 2016. The drilling campaign concluded with a successful discovery in the Toro formation of the early cretaceous stones similar to the Hides and […]
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Schoolteacher Roselyn Tony added another award to her collection, claiming the MRDC sponsored ‘Women in Writing’ award in the 2016 Annual Crocodile Prize Literature competition. Tony’s winning entry is titled ‘The Egin Bride’ which is an account of a traditional singing ceremony that provides a platform for courtship in the Simbu culture. The acclaimed local […]
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Landowners from the giant Ok Tedi Mine now own a 33% stake in the mine’s operation, becoming the first landowners to own a larger than mandated equity share in any resource project in Papua New Guinea. Managing Director of MRDC Group of Companies Augustine Mano congratulates an Ok Tedi landowner during the MOA signing. The […]
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