About MRDC
Mineral Resource Development Corporation (MRDC) is a company that is wholly owned by the State of Papua New Guinea (PNG). The Prime Minister is the Trustee Shareholder. MRDC was registered under the Companies Act 1997 and has no specific enabling legislation. The Board of Directors is responsible for the management, supervision and direction of the Company1.
MRDC’s core activities are to manage project benefits for landowners and provincial governments in mining and petroleum projects in PNG. These benefits are held in trusts by corporate trustees which are subsidiaries of MRDC. MRDC also provides corporate and financial management services to the corporate trustees and implements their investment decisions1.
Achievements and Strengths
MRDC has been managing project benefits for more than 18 subsidiary companies since its establishment in 19751. Some of its significant achievements and key strengths are:
- MRDC has diversified its investments from being passive to proactive, investing in various sectors such as property, hospitality, aviation, agriculture, banking, insurance, and telecommunications1.
- MRDC has contributed to the social and economic development of PNG by providing infrastructure, education, health, and community services to the project areas and beyond1.
- MRDC has maintained a good relationship with the stakeholders, especially the landowners and the provincial governments, by ensuring transparency, accountability, and good governance in its operations1.
- MRDC has supported the development of human resources in PNG by providing scholarships, training, and employment opportunities to the beneficiaries and other Papua New Guineans1.
Comparison with Other Employers
MRDC is one of the leading management companies in PNG that manages project benefits for landowners and provincial governments in mining and petroleum projects. Compared to other employers in PNG in the same line of business, such as Kumul Petroleum Holdings Limited (KPHL) and Kumul Minerals Holdings Limited (KMHL), MRDC has more experience, diversity, and reach in its portfolio. MRDC manages benefits from both mining and petroleum projects, while KPHL and KMHL focus on petroleum and mining respectively. MRDC also manages benefits for more than 18 subsidiary companies, while KPHL and KMHL manage benefits for fewer entities23.
Compared to other employers in the world similar to MRDC, such as Norway’s Government Pension Fund Global (GPFG) and Alaska’s Permanent Fund Corporation (APFC), MRDC has more challenges, risks, and opportunities in its environment. MRDC operates in a developing country with political, social, and economic instability, while GPFG and APFC operate in developed countries with more stability and security. MRDC also faces more pressure from the stakeholders, especially the landowners who have high expectations and demands for their benefits. However, MRDC also has more opportunities to grow its investments and impact its beneficiaries by tapping into the abundant natural resources and potential markets in PNG and the Pacific region45.
How Wantokjobs.com Can Assist
Wantokjobs.com is PNG’s latest online job board with advanced recruitment and jobseeker features. Wantokjobs.com can assist MRDC with recruitment using its features, especially in relation to the nature of the organisation. Some of these features are:
- Wantokjobs.com can help MRDC reach a wider pool of qualified candidates from PNG and the Pacific region by posting job vacancies on its website and social media platforms6 .
- Wantokjobs.com can help MRDC streamline its recruitment process by providing online tools such as resume screening, candidate matching, interview scheduling, and feedback collection6.
- Wantokjobs.com can help MRDC enhance its employer brand by showcasing its achievements, strengths, values, culture, and benefits on its profile page and job advertisements6.
- Wantokjobs.com can help MRDC attract more talent by offering incentives such as referral bonuses, loyalty rewards, career advice, and training opportunities to the jobseekers6.
A Final Note
MRDC is a leading management company in PNG that manages project benefits for landowners and provincial governments in mining and petroleum projects. MRDC has achieved remarkable results in its core activities and diversified investments. MRDC has also faced various challenges and risks in its operating environment. MRDC can leverage Wantokjobs.com’s features to recruit the best talent for its organisation. Wantokjobs.com is a reliable partner for MRDC’s recruitment needs. We encourage you to visit Wantokjobs.com today and explore how we can help you achieve your goals.
1: https://www.mrdc.com.pg/our-profile.html 2: https://kumulpetroleum.com/ 3: https://kumulminerals.com.pg/ 4: https://www.nbim.no/ 5: https://apfc.org/ 6: https://www.facebook.com/wantokjobs/ : https://www.facebook.com/wantokjobscom/ : https://twitter.com/Wantokjobs