Solwara 1

Risky deep sea mining project just got a whole lot riskier!

See original release from the Deep Sea Mining Campaign Affected communities have launched legal proceedings in a bid to obtain key documents that would reveal to them and all Papua New Guineans whether the controversial “Solwara 1” deep sea mining project was approved lawfully.[1] Furthermore, due to deficiencies in the Solwara 1 Environmental Impact Statement, […]

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seabed mining ship

Contractor for seabed mining ship defaults on payment

DAVID FOXWELL on OFFSHORE SUPPORT JOURNAL | 13 Dec 2017 “MAC Goliath Pte Ltd, owner of the production support vessel that is being built for seabed mining outfit Nautilus Minerals, said MAC has failed to pay the third instalment due on the contract for the vessel. In a statement, Nautilus Minerals said it had been […]

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Deep Sea Mining Company

Deep Sea Mining Company Sued By Environmentalists

COLIN J MCCRACKEN on MY GOOD PLANET | 12 December 2017 “Deep sea mining has been called the ‘new gold rush‘, as tech companies scramble to access a sea bed rich in minerals required for devices such as laptops and smartphones. It’s not only environmentalists who have been highlighting the dangers of such practices though. Academics […]

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Papua New Guinea deep sea mine

Troubled Papua New Guinea deep-sea mine faces environmental challenge

HELEN DAVIDSON and BEN DOHERTY on THE GUARDIAN | 11 Dec 2017 “A controversial experimental deep-sea mine is being challenged in court by environmental groups who have accused the Papua New Guinea government of withholding key documents about its approval. Nautilus Minerals Inc, a Canada-based company primarily owned by Russian and Omani mining firms, wants […]

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Nautilus Solwara 1 Experimental Seabed Mineexperimental seabed mining

Legal action launched over the Nautilus Solwara 1 Experimental Seabed Mine

See original release from the Deep Sea Mining Campaign PAPUA NEW GUINEA | Coastal Communities have today launched legal proceedings against the PNG Government in a bid to obtain key documents relating to the licensing and the environmental, health and economic impacts of the Solwara 1 deep sea mining project. “Very little information about the Solwara 1 […]

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deep sea mining in Papua New Guinea

Out of our depth: deep sea mining in Papua New Guinea – episode 1

GEM ROMULD, TEISHAN AHEARNE, COREY GREEN, EMMA CRUNCH & KERRI-LEE HARDING on 3CR COMMUNITY RADIO | 16 November 2017 “It’s a race to the bottom of the sea on the frontier of extractive industries: experimental deep sea mining.Canadian company Nautilus Minerals is planning to mine a hydrothermal vent 1500m underwater: Solwara 1 in the Bismarck […]

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Nautilus Announces Preliminary Economic Assessment Nautilus Appoints Chief Operating Officer Nautilus Minerals Officer Update bridge loans Nautilus receives additional bridge loans

Nautilus Minerals announces financial results for Q3 2017

Download Nautilus Minerals press release Toronto Ontario, November 14, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces the release of its unaudited consolidated Financial Statements for the third quarter ended September 30, 2017, together with Management’s Discussion and Analysis. Q3 2017 Significant Events Received US$2 million through the […]

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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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Nautilus

Nautilus Risky Deal

PNG POST-COURIER | 25 October 2017 “Former Attorney General Sir Arnold Amet has come out publicly warning that potential investors that Nautilus Solwara 1 project is a risky deal. The former Justice Minister has joined the growing opposition against the deep sea mining project which has been proposed in the Bismarck Sea, of which his […]

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Deep Sea Mining Project

Investor alert: Deep sea mining project in last-ditch search for capital

See Deep Sea Mining Campaign’s original release Nijmegen, Netherlands and Brisbane, Australia, 25 October 2017 In a last ditch bid to rescue its experimental deep sea mining project ”Solwara 1”, the two largest shareholders of Nautilus Minerals Inc, Russian mining company Metalloinvest and Omani conglomerate MB Holdings, have formed a new company whose sole job […]

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