Mineral Resources Development Company Limited

Mineral Resources Development Company Limited (MRDC) is a 100 percent state-owned company incorporated in Papua New Guinea in 1975 under the Companies Act. It was established to hold and manage equity interests on behalf of the State and project area landowners in mining and petroleum development projects across the country.

MRDC's core activities include acquiring, holding, and administering participating interests in resource projects, as well as managing the distribution of royalties, equity dividends, and other benefits to beneficiary clans and provincial governments. It operates trustee subsidiaries that handle these interests and supports community investment programs funded by project revenues. The company has been involved in major developments such as the PNG LNG project and is positioned to participate in the Papua LNG project, where it may exercise a back-in right for up to 2 percent equity as part of the combined 22.5 percent state stake alongside Kumul Petroleum Holdings Limited.

Headquartered in Port Moresby, MRDC emphasizes sustainable resource management, transparency, and governance reforms, including through the MRDC Authorisation Act 2020. It plays a key role in PNG's resource sector by facilitating national and local participation in oil, gas, and mining ventures while ensuring long-term benefits flow to communities. The company maintains a portfolio of interests in projects operated by international partners and focuses on ethical stewardship of PNG's mineral wealth.

To provide comprehensive coverage, we aggregate data and news under the name MRDC, encompassing the following company names, divisions, and related entities:

Mineral Resources Development Company.

This list encompasses current and former names, alternate names, and key divisions associated with MRDC, ensuring you can easily find all relevant information under a single, unified profile.