The Board of Mineral Resources Development Company (MRDC) today announced the appointment of Mr. Howard Lole as director elect, representing the Tuguba region of PDL1 (Petroleum Development License 1), to the Board of Gas Resources Gigira Limited (GRGL). GRGL is the Corporate Trustee responsible for the equity and royalty benefit
This public notice serves to inform the project area landowners within the Hides Petroleum Development License 1 (PDL1) that Tuguba Region has reached 100% clan chairmen appointments. MRDC will now proceed with the second Tuguba Region Director Election. The election program will be conducted at Hilton Hotel on the tentative
In 2024, Mineral Resources Development Company (MRDC) launched a program to establish clan bank accounts and elect Directors to the Hides Petroleum Development Licence 1 (PDL1) Corporate Trustee. The program reached 84 per cent completion before it was suspended in early 2025 due to leadership disputes within the Tuguba clans
Directors from Mineral Resources Development Company (MRDC) trust companies, senior MRDC and affiliate investments staff have undergone a two-day directors training facilitated by the PNG Institute of Directors (PNGID).
The training is part of MRDC’s ongoing commitment to build the governance capability of its directors across the MRDC group.
The Mineral Resources Development Company (MRDC) has shared lessons from five decades of managing resource wealth, contributing to the national conversation on how Papua New Guinea can maximise the long-term value of its natural resources.
Speaking during the Wealth Management session at PNG Resources Week 2026, MRDC Chief Operating Officer