Landowners from the giant Ok Tedi Mine now own a 33% stake in the mine’s operation, becoming the first landowners to own a larger than mandated equity share in any resource project in Papua New Guinea.
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The partnership between the PNG Government and the landowners in building the K1.2 billion Hilton Hotel and Convention Center is a true partnership in all sense.
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Petroleum Resources Kutubu is the major shareholder in the Star Mountain Plaza Project. The State and landowners also own shares in the project.
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MRDC undertook a week-long awareness program in Western Province in March to enlighten the landowners on the company’s role as the trustee of their 33% shares in the Ok Tedi Mine.
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