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Cook Islands

Cook Islands Partners to Explore Pacific Bounty

The government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), entered into an agreement in September with U.S. based Ocean Minerals, LLC (OML) for the exclusive right for up to 18 months to prospect and explore high value polymetallic nodules over approximately 23,000 square kilometers of the Cook Islands Exclusive Economic Zone […]

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Nautilus Minerals under pressure

Nautilus Minerals Under Pressure

The past month has been anything but quiet over at Nautilus Minerals.  Changes in leadership, transparent financial stress and mobilized on-the-ground opposition have clashed with marked advances in technology and production timelines on the controversial Solwara One deep sea mining project in Papua New Guinea. A positive 2017 second quarter left shareholders happy and Nautilus […]

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low-carbon future

World Bank: Minerals to Play Significant Role in Low-Carbon Future

A June 2017 report from the World Bank highlights the role that minerals and metals will play in a low-carbon future.  The report “The Growing Role of Minerals and Metals for a Low-Carbon Future”  asserts that the rise of green energy technologies is expected to lead to growth in demand for minerals and metals such […]

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submerged trials deep sea mining

Nautilus Minerals Commence PNG Submerged Trials

At the recent Annual General Meeting of Nautilus Minerals Inc., Chairman Russell Debney, announced to gathered shareholders in Toronto that submerged trials for their completed Seafloor Production Tools (SPTs) had begun in Papua New Guinea (PNG).  This announcement came shortly after news that the Nautilus Launch and Recovery System (LARS) had arrived at the Mawei […]

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financial regulations

The Rising Profile of ISA Financial Regulations

The development of Financial Regulations to address the benefit sharing aspects of the Mining Code has recently moved to the forefront of ISA business.  Per International Seabed Authority (ISA) Assembly agreement, the whole of the Mining Code cannot go into force without a financial regime in place.  In short, this means mining operations cannot begin […]

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