Seabed mining project in PNG gets $500,000 loan

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Mining for copper under the sea Photo: Nautilus Minerals

Radio New Zealand | 27 December 2018

A troubled deep sea mining project in Papua New Guinea has been given a loan of nearly $US500,000.

Nautilus Minerals plans to mine the floor of the Bismarck Sea between New Ireland and New Britain.

The Canadian company has faced opposition from environmental and community groups, and has been trying to dispel reports that its project is in financial trouble.

Read the full article here: Seabed mining project in PNG gets $500,000 loan.