David Hutt for Monga Bay | 26 December 2018 An ambitious plan to mine precious minerals from the ocean floor off the coast of Papua New Guinea looks to have run aground due to the developer’s financial problems. In 2011, the government of Papua New Guinea granted Canada-based Nautilus Minerals a 20-year mining license covering […]
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Australian Mining | 12 December 2018 Nautilus Minerals’ production support vessel (PSV) has been acquired by Indian company MDL Energy in a blow to Nautilus’ deep-sea mining plans. The in-construction PSV is a cornerstone of the Canadian company’s plans for its Solwara 1 deep sea mining project in Papua New Guinea. The Solwara 1 project […]
Read More Daniel Gleeson for International Mining | 12 December 2018 Ocean Energy Ventures (OEV), a subsidiary of the MDL Energy group of companies, together with Quippo Oil and Gas, has acquired the newly built production support vessel previously destined for Nautilus Minerals and its Solwara 1 copper-gold marine mining project off the coast of Papua New […]
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Sonali Campion for The Commonwealth | 7 December 2018 A new Commonwealth paper examines who should be held responsible if deep-sea mining in international waters causes environmental damage. Written by Hannah Lily, Legal Adviser in the Commonwealth’s Oceans and National Resources team, it is part of an eight-part series produced in collaboration with the Centre for International […]
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Philip Cass for Kaniva Tonga News | 6 December 2018 Tonga is exploring the possibility of deep sea mining. However, there have been warnings that mining the seabed could cause environmental problems and could harm Tonga’s whale watching industry. Paula Ma’u, CEO of the Ministry of Meteorology, Energy, Information, Disaster Management, Environment, Climate Change and […]
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Radio New Zealand | 10 December 2018 The Cook Islands opposition MP Selina Napa has asked the government to reveal what changes are being planned for the Seabed Mining Act. Ms Napa said reported statements that the changes would be made public when they are tabled in Parliament “isn’t good enough”. Read the full article […]
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The National | 6 December 2018 In the classic 1870 Jules Verne novel 20,000 Leagues Under the Sea, underwater explorer Captain Nemo predicted the mining of the ocean floor’s mineral bounty – zinc, iron, silver and gold. India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost […]
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The Economist | 5 December 2018 AFTER LISTING on the Toronto stock exchange in 2006 Nautilus Minerals became the public face of a daring new industry: deep-sea mining. It planned to pursue riches on the ocean floor, mining metals such as gold, zinc and copper, desired respectively for lustre, alloys and electronics. Robotic machines would […]
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Richard Milne for the Financial Times | 4 December 2018 The world’s largest container shipping company has pledged to cut net carbon emissions to zero by 2050, challenging an industry that is both one of the main transporters of global trade and one of the biggest polluters to come up with radical solutions in the […]
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Mining Journal | 7 December 2018 Marine mining pioneer Nautilus Minerals jumped 20% in Toronto this week after it revealed plans to form a new joint venture with arm’s length third parties to fund completion of its production support vessel (PSV) in China. Read the full article here: Nautilus jumps on possible support vessel reprieve.
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