In spite of the pandemic, the assets of the Petroleum Resources Kutubu has grown from K400 million in 2008 to K2.3 billion. This was revealed by Mineral Resources Development Company (MDRC) Managing Director Augustine Mano at Aiyo Primary School, Kutubu, Southern Highlands Province who said that this growth was part of his commitment to the Fasu landowner leaders in 2008.
In a statement, he said, “Today, PRK assets after 12 years are K2.3 billion and PRK also the largest shareholder in many investments in the country.”
He added that included in the shares are the MDRC Haus, Pacific MMI, Star Mountain Plaza, owns 50 per cent in the Pearl Resort in Fiji and is the third largest shareholder of Bank South Pacific. He said that while PRK has also paid its 50 per cent share in tax to the government as its contribution to the province, he added that he would employ the same commitment to the rest of the services needed by the people of Kutubu.
He said, “In the next four years, with the little time the government has given me, the same commitment MRDC has made in investments we will do that to change Kutubu.”
Meanwhile, PRK chairman John Kapi Natto added that they will now look into the services they can offer to the [people of Kutubu. He said that this is his way of giving back to the community. We must come back to the village. Education infrastructure is very important and we need to leave a legacy behind for the future generation,” he said.
