The Mineral Resources Development Company (MRDC) proudly marked its 50th anniversary since its incorporation in 1975 with a gala dinner with the theme “50 years for National Building”, attended by key stakeholders, partners, dignitaries, and landowner beneficiaries’ representatives.

The milestone event highlighted MRDC’s strong commitment to delivering value for Papua New Guinea’s resource owners and maintaining the highest standards of accountability.

A special highlight of the evening was the presentation of MRDC’s unqualified 2024 Financial Report by Managing Director & CEO, Mr. Augustine Mano, to the Prime Minister, Hon. James Marape.

The unqualified report highlights MRDC’s dedication to transparency and prudent financial management, reinforcing its reputation as a trusted custodian of resource wealth for landowners and provincial governments.

The Prime Minister commended MRDC for its consistent performance and its role in empowering resource owners over the past five decades and emphasized the importance of strong governance and accountability in driving sustainable development for Papua New Guinea.

Managing Director and CEO Mr. Mano, reflected on MRDC’s journey since 1975, noting the company’s evolution from a small entity to a leading management company managing billions in assets for its beneficiaries. “This achievement is a testament to our team’s hard work and the trust placed in us by resource owners. As we look to the future, MRDC remains committed to creating wealth and opportunities for generations to come,” he said.

The celebration dinner also featured cultural performances from projects areas and video tributes to subsidiaries companies that MRDC manages, honoring the role in shaping Papua New Guinea’s resource sector over the past 50 years.