“The Deep Sea Mining Campaign, an organization based in Australia and Canada, has been following the saga of Solwara 1, proposed by Nautilus Inc. for offshore Papua New Guinea that continues to seek financing year after year since 2011. The project is basically a kind of corporate speculation premised on the lucrative idea of the availability of such minerals conceptually in the region — indeed the company has declined to conduct a preliminary economic study or environmental risk assessment, the shareholders essentially engaged in a long odds probability wager comparable to those who invested in marine salvagers attempts to find and excavate “pay-ships” lost at sea with purported vast cargos of silver and gold. The idea that they should be required to justify their endeavors to governments, third-world or otherwise, or to coastwise populations whose livelihood and lives depend on a healthy ocean from which they have harvested for centuries, is anathema.”
The Rio Grande Rise is an almost completely unstudied, geologically intriguing, ecologically mysterious, potential lost continent in the deep south Atlantic. And it also...
Taking a systems approach to deep sea mining shows engaging the public is key to the sustainable development and governance of the industry.