Leaked documents have revealed disturbing details about a K7 million financial transaction between Mineral Resources Development Corporation and one of the landowner subsidiaries it manages.

The transaction is purportedly a loan to MRDC by Gas Resources Gigira, which holds about 2 percent of the Hides project on behalf of landowners. MRDC management, purportedly acting on behalf of Gigira, instruct...

Moresby North-West MP Sir Mekere Morauta today challenged the Mineral Resources Development Corporation to publish up-to-date audited details of its group finances since PNG LNG gas production began in mid-2014.

“It is estimated that almost K1 billion in landowner royalties has flowed into its coffers since then, but virtually none of that money has reached its rightful owners,” he said.

“And, contr...

Moresby North-West MP Sir Mekere Morauta said today the lack of transparency and accountability of the Mineral Resources Development Corporation and its subsidiaries may be hiding a multitude of sins.

“Ultimately, what has been hidden from the group’s auditors and the Auditor-General, incorrectly reported in annual financial statements, or simply not reported at all, may be a ticking time bomb for...

Moresby North-West MP Sir Mekere Morauta today questioned the commercial viablility of investments totalling hundreds of millions of kina in landowner royalties by Mineral Resources Development Corporation, and the resulting lack of profitability.

“I have it on good authority that the MRDC group has never paid a dividend to its landowners,” he said.

“The Hilton Hotel is a glaring example of investme...

New information about the scandal-plagued Mineral Resources Development Corporation has become available, reinforcing the urgent need for an inquiry into its operations and the status of the hundreds of millions of kina it manages on behalf of landowner companies.

“There is now a mountain of allegations about MRDC and its landowner subsidiaries,” former Prime Minister Sir Mekere Morauta said today....

Mr Speaker, I will confine my comments to Revenue, Expenditure, Foreign Currency, State-owned Enterprises, Debt and Foreign Aid.

Revenue

Treasurer; You said that the Government is [quote] “slightly behind on revenue”, with revenue for the first 5 months K974 million – or 19% - less than budgeted.

A few days later the Finance Minister said revenue was down by K2 billion – K1.25 billion greater than yo...

Notes for a Speech in Parliament by Rt Hon Mekere Morauta KCMG MP, Member for Moresby North-West and former Prime Minister, on the election of Prime Minister James Marape MP

30 May 2019

Prime Minister Marape, sincere congratulations. Your overwhelming win reminds me of the time twenty years ago when I was elected Prime Minister on the floor of this House.

People of Papua New Guinea, today we have a n...

Prime Minister Peter O’Neill continues to cheat public servants out of their pay and entitlements – he has still not paid the workers the wage rises they were awarded in 2017 or the full superannuation amount owing to all those who retired between January 1 2016 and December 31 2017.

“Instead Mr O’Neill uses workers’ money to build roads to nowhere and self-glorifying hotels and convention centres...

Secret Kumul Petroleum documents reveal that Prime Minister Peter O’Neill has approved company plans for a headquarters building worth almost K1.1 billion to be built in Port Moresby.

“This is a scandalous waste of money that should be going to consolidated revenue to help pay for essential services such as health and education,” Sir Mekere said.

“Mr O’Neill, as sole trustee for the Kumul Group,...

The Member for Moresby North-West, Sir Mekere Morauta, today warned of a looming development crisis in most provinces because of the failure of District Development Authorities to function as intended.

“They were meant to bring development decisions and implementation down to the district level,” he said, “but they have done no such thing. In fact they impeding development because of uneccessary du...

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