Its role Owner
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.
Also known as Mineral Resources Development Company.
chemXplore tracks 1 project involving MRDC, of which one is active.
4% annual energy growth to 2030; $10bn free cash flow uplift 2025–2030; $14–17bn/yr capex 2027–2032; dividend +5%/yr to 2030 and planned buybacks.
EPC tendering completed, capex trimmed to ~$14bn after ~$4bn savings; operatorship to move to ExxonMobil; LNG marketing JV and offtake deals secure 2.4 Mtpa and 1.5 Mtpa.
active all projects
