MRDC Chief Operating Officer John Tuaim provided an update on landowners’ equity, benefit sharing, and management structure in the PNG LNG Project at the PNG Resources Week hosted by the PNG Chamber of Resources & Energy.
The update included the PDL 1 bank account opening and directors’ election, MRDC’s 50 percent acquisition of the Pasca A project, Hilton Phases II and III, PNG Air restructuring, and relevant investment updates.
“The landowners are not only waiting for their 2 percent; they are taking a step to be big players in the industry,” Tuaim said.
MRDC will be presenting this week on community investment programs impacting local skill transfer, women beneficiaries in mining, and investments in the national workforce.
