MRL CAPITAL

In May 2008, MRL executed its rights under the Management Agreement with MRDC and exited from the Management of MRDC to operate as a legal entity on its own. This was with the consent of the six major Lihirian clans (Tinetalgo, Nissal, Unawos, Lamatlik, Nikama and Tengawom) who are the beneficiaries. With the approval from the State and National Court clearance MRL Capital was established as a legal entity. MRL became incorporated under the PNG Company's Act 1997 on 4th January 2009 to become MRL Capital Limited (MRLC). This was necessary to reflect the nature of the company's business operations. The Lihir landowners' equity in the Lihir Gold Mine has since been completely liquidated on the ASX in 2006... MRLC, then called Mineral Resources Lihir Ltd (MRL), was originally established under the PNG Government auspices to hold in Trust, Landowners equity in the world class Lihir gold mine on Lihir Island in PNG. Until September 2010 the mine was developed by Lihir Gold Ltd (LGL).....

Also known as: MRL Capital Limited, MRL Capital Ltd, MRL Investments

Primary location: Brisbane United States