MRDC currently manages the following landowner/Government interest:

Landowner Interests
  • Mineral Resources Star Mountains Limited - 2.5 percent interest in the Giant Ok Tedi Copper Mine - for the Ok Tedi Landowners.
  • Mineral Resources Ok Tedi No.2 Limited - 2.5 percent interest in Ok Tedi Copper Mine for the Western Provincial Government.
  • Mineral Resources Enga Limited - 5% interest in the World Class Porgera Mine for the local Porgera Landowners and the Enga Provincial Government.
  • Petroleum Resources Kutubu Limited - 6.75% Percent equity interest in Petroleum Development Licence 2 (PDL2) for the local People of Kutubu region in the Southern Highlands Province and the coastal people of Gulf Province through whose land the Crude Oil pipeline passes.
  • Petroleum Resources Gobe Limited - 2.0% percentequity interest in PDL4 Gobe Oil fields for the local landowners.
  • Petroleum Resources Moran Limited - 2.0% percent interest in PDL5 - Moran Oil Project for the local landowners.
  • Mineral Resource Madang Limited - 2.5%

Independent State of Papua New Guinea Interests
  • Eda Oil Limited - 20.5% percent interest in PDL5, the Moran Oil Project managed by Oil Search Limited. Recently MRDC paid a Dividend of K15 million to the Prime Minister of Papua New Guinea. MRDC as a lot of you would know is 100 percent owned by the State of Papua New Guinea in which the Honourable Prime Minister of Papua New Guinea, Sir Michael Somare is The Minister responsible.
  • MRDC also owns a 3.95 percent interest in Ramu Nickel Project.

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