MRDC is proud to support the Somare family and the East Sepik Provincial Government in hosting Late Great Grand Chief’s Memorial Eve Tribute tomorrow, Friday 25 February, at the Prince Charles Oval in Wewak

MRDC is proud to support the Somare family and the East Sepik Provincial Government in hosting Late Great Grand Chief’s Memorial Eve Tribute event tomorrow, Friday 25 February, at the Prince Charles Oval in Wewak.

Late Great Grand Chief Sir Michael Somare had a long and remarkable relationship with the Mineral Resources Development Company (MRDC).

At independence, Somare set up the state-owned company to participate in the development of the mineral resources, and manage and grow the wealth the resource revenue generated

MRDC has since evolved into an iconic state-owned management company holding landowner interests in mineral and petroleum projects.

Today, MRDC under the leadership of Augustine Mano manages the participating interests of its beneficiaries in the PNGLNG Project; the Ok Tedi, Porgera and Ramu Nickel mines and; the oil projects of Gobe, Moran and Kutubu.

MRDC also manages their investments in banking, aviation, real estate, hotels and resorts, health care, power generation; and holds equities in listed and unlisted companies.

These investments are worth over K6 billion. “We are thankful for Great Grand Chief Sir Michael Somare’s contributions to the success of the MRDC Group,” said Augustine Mano, Managing Director of MRDC. Mr Mano said MRDC will remain a legacy of the founding father’s dream for his people – to be economically independent and to enjoy a better life through wise use and management of their wealth.

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