MRDC COMMITS TO MORE INVESTMENTS IN WESTERN PROVINCE

 Picture Caption: MRDC Managing Director and Chief Executive Officer Augustine Mano. Picture Supplied by MRDC Communication Team

THE Mineral Resources Development Company (MRDC) is committed to making more investments in Western Province.

MRDC managing director and chief executive officer Mr Augustine Mano said investments will be made in sectors that can give a better return.

He made the commitment while speaking during the opening of the second CMCA review working committee discussions held at the Hilton Hotel in Port Moresby recently.

 MRDC looks after project benefits for the beneficiaries that come from the Ok Tedi Mining project held in trust by its three subsidiaries, Mineral Resources Ok Tedi 2 (MROT2), Mineral Resources Star Mountain (MRSM) and CMCA Holdings Limited.

“We will invest back into the province, in the sectors that can give a better return,. we are dedicated to diligent investment management and remain highly confident in the continued growth and value of the assets entrusted to us. “We will ensure the expansion of local investment within Western Province to create tangible benefits on the ground.”

The five-day CMCA review was hosted by the Ok Tedi Mining Limited and was attended by all stakeholders including the MRDC as the landowner trustee company.

MRDC has maintained a strong and active presence throughout the CMCA review process.

Last year, MRDC senior management team actively attended the review sessions held in Daru, Kiunga, and Tabubil, underscoring the significance of this process.

Mr Mano was speaking during the opening of the second CMCA review working committee discussions held at the Hilton Hotel in Port Moresby recently.