Royalty Payouts

Payout Ready For LOs

The Mineral Resources Development Company made this announcement in Hela Province last Saturday.

Managing Director for the Mineral Resources Development Company (MRDC), Augustine Mano explained that the K3.76 million was made up of K1.5 million in equity from 2014 to 2016 and K2.2 million in royalty from 2014 to 2018.

These payments follow the completion of bank account opening for each benefitting clan, and the appointment of a director to the board.