The landowner business arm of the Lihir people, The Anitua Group, has been very successful in increasing its assets value into tens of millions of kina.
The Anitua Group of companies, a subsidiary of Mineral Resources Limited Capital, now boasts assets, even in Australia, since its establishment prior to the operations began at the Lihir gold mine in New Ireland Province.
The company initially began and was incorporated as a support service provider. Now it has ventured into more than nine subsidiaries in the country and overseas.
Anitua was established during the feasibility study and exploration stage of the Lihir mine, and has now evolved into a much bigger entity.
According to MRL Capital Chairman Mark Soipang, Anitua has an approximate value of K80 million so far, with over 9 subsidiaries and 4000 employees, most of whom are nationals.
Mr Soipang stated that the company is currently diversifying its operations in the country and abroad by providing mining services, security and catering services amongst others.
Mr Soipang stated that MRL capital has so far gone into two types of asset classes which, in terms of investment, are yet to cover the next two asset classes.
These classes are paper asset and property of which they are currently making money. The other two classes include them venturing into other businesses and the purchase of commodities.
Mr Soipang said that they are now exploring two other asset classes and when opportunities arise that are feasible and profitable, they will venture into it.
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