The Mineral Resources Development Company (MRDC) demonstrated its commitment to strengthening partnership opportunities at the recent 2024 PNG Investment Week in Sydney, Australia. MRDC's active participation and strategic investments at the conference highlighted the company's leadership in promoting sustainable development and fostering global investment partnerships. Prime Minister James Marape and Twinza Oil Limited have initiated a partnership agreement on the png first offshore project in Gulf, the Pasca A Gas Project. Through MRDC, this allows 50% interest in the project for Hevehe Petroleum Limited to acquire, ensuring greater local participation and direct benefits for the people of Papua New Guinea. This milestone represents a significant achievement for landowners and provincial governments, ensuring their active participation in the oil and gas development value chain. This milestone marks a significant achievement, ensuring landowner and provincial Governments active participation in the oil and gas development value chain. MRDC's Managing Director, Mr. Augustine Mano highlighted the strategic impact and overall value of the conference. He emphasized that the strategic deal space created by the conference is significant, and MRDC has seized this opportunity by investing and actively participating in the conference, and CANCONEX to harness its value and opportunities, gaining a first-mover advantage. The company's growth into a K12 billion success story is a testament to its committed values. Established in 1975 as an exploration company, MRDC has significantly expanded, managing 21 subsidiary companies and diversifying into sectors such as aviation, hospitality, healthcare, real estate, and power generation. Mr. Mano emphasized the company's achievements, such as receiving clean and unqualified audit opinions from the big four audit firms and gaining international recognition for its investments in PNG Air and Hilton PNG. He expressed confidence that by complying to strong values and principles, the company will achieve its vision of becoming a K300 billion company within 20 years. The PNG CORE Chief Operating Officer, Pansy Taueni-Sialis, acknowledged MRDC's significant support as a Major Sponsor of the 2024 PNG Investment Week. She highlighted MRDC's leadership in driving sustainable development and fostering global investment partnerships, emphasizing their commitment to showcasing Papua New Guinea's potential. MRDC's delegation, including senior executives and industry experts, engaged with global investors and policymakers, focusing on national content and ensuring active participation and benefits for Papua New Guineans in the resource sector's growth. "We thank MRDC for their continuous support and look forward to working together to promote shared values for a better Papua New Guinea," she said.