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 how MRDC as the trustee would manage benefits from those shares through the existing companies Mineral Resources Star Mountain (MRSM), Mineral Resources Ok Tedi No 2 (MROT) and new company Mineral Resources CMCA Limited.

MRDC Managing Director Augustine Mano led a team made up of his executive management team and officers from the External Affairs Department. They travelled to Tabubil, Kiunga and Daru to meet with the shareholders.

The landowners were given an insight into MRDC’s board and management structure, governance and support, compliance on operational matters, its subsidiaries- community focus beyond management of equity.

The key terms of the Heads of Agreement (HoA) of the share transfer process was also explained to the shareholders as well as clarification on the MOA signed in Alotau early this MRDC completes Western Province awareness program year.

The response from the shareholders of the mine was positive while others expressed concerns on certain matters which the team took time address.

The company hopes the people now have a better understanding of how the Mineral Resources Development Company (MRDC) will manage each of their percentage of the shares.

Western Province’s only remaining MP and Governor Roy Biyama and his provincial government team also travelled with the MRDC team during the awareness program.

Western Province Governor Roy Biyama speaking to CMCA group during the awareness program