PRIME Minister Hon James Marape said today (15th, December) that he was pleased to receive the audited financial accounts for Mineral Resources Development Company Limited (MRDC) for the years 2018 and 2019.
“The audited financial accounts for both years that were presented to me were impressive,” he said.
“The reports for both 2018 and 2019 were unqualified, or clean, reflecting that the accounts were properly kept in accordance with compliance requirement under international accounting standard.
“The only exception was an emphasis of the impact of COVID-19 on investment in the 2018 accounts, which is understandable, given the adverse impact the pandemic had on businesses in the country and globally.”
The Prime Minister commended the board and management of MRDC for working hard to meet its compliance obligations, while growing the assets under management.
“When we passed the MRDC Authorization Act 2020, I stressed that MRDC
