Mineral Resource Development Company (MRDC)

PRK Leaders unite for development


Leaders of resource owners of Kutubu Oil and Gas expressed gratitude for this gesture when they saw their front liners who are custodians of the PRK trust funds united.

Due to their disputes in the past, development has taken decades to eventuate.

The Principal of Waro High School, which is one of the receiving schools expressed heartfelt thanks for a dream come true, even though it is 38 years too late

Gulf Pipeline LO’s receive LNG benefits

The Benefit rollout is the first since the signing of the Umbrella benefit Sharing Agreement (UBSA) in 2009 and the first flow through and shipment of LNG in 2014.

This follows the completion of landowner identification, the opening of clan bank accounts, and the election of directors to the board of their landowner company.

It was a historic occasion with Petroleum Minister, Kerenga Kua, and Gulf Governor, Chris Haiveta, accompanying Mineral Resources Development Company (MRDC) Managing Director, Augustine Mano, to announce the benefit roll out in Kikori on Wednesday.

Pacific Place renamed MRDC Haus

The renaming was officially announced early this month in a small ceremony attended by landowner directors, tenants and management and staff of Mineral Resource Development Company (MRDC) and Pacific Property Trust (PPT).

MRDC managing director, Augustine Mano, said the building was 25 years old and since taking over the trusteeship of PPT at a cost of K70 million in 2014, MRDC has spent close to K32 million to carry out renovations as part of a modernisation plan.