The partnership between the PNG Government and the landowners in building the K1.2 billion Hilton Hotel and Convention Center is a true partnership in all sense. A proud Mineral Resource Development Company (MRDC) Managing Director Augustine Mano made the comments during a site tour of the Star Mountain Plaza area at the Hohola suburb in […]
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Petroleum Resources Kutubu is the major shareholder in the Star Mountain Plaza Project. The State and landowners also own shares in the project. MRDC Managing Director Augustine Mano told media friends and trustees during a tour to witness progress made in the project. With an asset of K1.8 billion, PRK has 45 per cent interest […]
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MRDC undertook a week-long awareness program in Western Province in March to enlighten the landowners on the company’s role as the trustee of their 33% shares in the Ok Tedi Mine. Awareness talks in Tabubil with the Mine Landowners The program was aimed at informing the shareholders on the roles and functions of MRDC and […]
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Mineral Resources Development Company (MRDC) Managing Director Augustine Mano says landowners need to actively participate across the oil and gas projects to counter any decline in royalties caused by falling oil prices and forex issues. MD Augustine Mano speaking during the inaugural PNG Petroleum and Energy Summit in Port Moresby. Currently landowners hold a passive […]
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Newly appointed Mendi Muruks Chairman Mark Sakai has promised to do his best for the Petroleum Resources Kutubu (PRK) sponsored side for this 2017 Digicel Cup competition. (Left- Right) Incoming Chairman Mark Sakai and Outgoing Chairman Isaac Joseph. In handing over the post, Joseph thanked PRK for its continued support over the years particularly in […]
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The MRDC PNG Pukpuksfinished in the top 4 of the 2017 Hong Kong 7s Qualifiers, bowing out to eventual winners Spain 21-12 in the semi-finals. The Pukpuks pose with their new uniforms In their semi-final match, the national side overcame a 21-0 deficit at half-time with tries from Wesley Vali and Willie Thirang, to close […]
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Pacific Property Trust (PPT) through the Mineral Resources Development Company (MRDC) has started renovation on the Pacific MMI New tiling to give Pacific Place front a refreshed look The major upgrade program which was initiated in 2015 is not only an effort to restore the status and operating condition of the buildings, but also a […]
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A Papua New Guinean owned Luxury Resort in Samoa, the Taumeasina Island Resort’ has won Samoa’s prestigious ’National Tourism Excellence Awards’ 2017/2018. A Papua New Guinean owned Luxury Resort in Samoa, the Taumeasina Island Resort’ has won Samoa’s prestigious ’National Tourism Excellence Awards’ 2017/2018. The Awards are given by the Samoa Tourism Authority celebrating the […]
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The iconic ‘Pacific Place’ building in Downtown, Port Moresby has now been renamed to ‘MRDC Haus’. The prime commercial building stands tall and proud in the Central Business District (CBD) as a testament of how the Mineral Resources Development Company (MRDC) is redefining Landowner wealth through investments outside of the oil, gas and mining industries. […]
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Landowners from the Giant Ok Tedi Mine area and the people of Western Province will now formally own 33 per cent owners of the mine after the government on behalf of the State, approved the agreements relating to the transfer today in Port Moresby. Landowners from the Giant Ok Tedi Mine area and the people […]
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