Landowners pocket more than K177,000

MORE than K177,000 in dividends was paid to Misima Island landowners by the Mineral Resources Development Company (MRDC).
The visit to Misima on Tuesday signified the final transfer of Oil Search shares and distribution of the dividends in accordance with the Misima Mediation Agreement reached early this year.
Corporation representative Kini Renagi said the visit was significant as it meant MRDC was closing its file on Misima.
The Misima gold mine ,Milne Bay, had already closed its operations.
MRDC held 2,057,144 shares on behalf of the Misima Landowners and under the Misima Mediation Agreement, the shares were transferred to the nominated landowner entities.
The corporation paid the landowners outstanding Oil Search dividends amounting to K177, 814.59.