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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Delna Wame Epi, a mother of two, transitioned from a compliance officer to a law student at the Legal Training Institute. In 2019, she pursued legal studies to enhance her oversight of work permits at the Immigration and Citizenship Authority (ICSA). Hailing from Kikori, Gulf Province, she applied for and received support through the MRDC […]
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Port Moresby | The Mineral Resources Development Company (MRDC) wishes to inform the beneficiaries’ clans of Hides Petroleum Development License 1 (PDL1) and stakeholders that the PDL1 Clan Bank Account Opening Program has been extended by one week. The extension is necessary to give beneficiaries clans which have issues with their Meeting Minutes to be […]
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Port Moresby | The Mineral Resources Development Company (MRDC) has successfully completed an Awareness Exercise on the Clan Bank Account Opening for the Hides PDL1 beneficiaries in the PNG LNG Project in Hela province. The completion of this phase of the Clan Account Opening Program is a testament to months of groundwork and engagement with […]
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