Mining

5
Jan
2019

Source: Loop Business

The clock is ticking for Nautilus Minerals. The company has been struggling for some time as it seeks to force through the first experimental deep sea mining project, Solwara 1, off the coast of Papua New Guinea, despite concerted opposition.

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1
Jan
2019

Source: Earth.com
Author: Kay Vandette

2018 has been the year of rollbacks, and the Trump administration has not been subtle about its stance on pushing for fossil fuel use and mining. As the demand for minerals, oils, and natural gas continues to increase, we have to dig deeper and set up more mining operations to fulfill that demand.

There are some major decisions regarding seabed mining expected in the coming year which could open up a gold-rush-like frenzy to set up deep-sea mining operations.

Continue reading Deep-sea mining could damage delicate deep-sea ecosystems

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26
Dec
2018

Source: Mongabay
Author: David Hutt

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 roughly 500,000 square kilometers (193,000 square miles) of the Bismarck Sea, off the country’s eastern coast. The Solwara 1 project was the first in the world to be granted rights for deep-sea mining, whereby enormous machines would dig into the ocean floor, harvesting zinc, copper and gold, and other commodities essential to building electrical equipment.

Continue reading After the loss of a ship, deep sea mining plans for PNG founder

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19
Dec
2018

Source: Mongabay

South of Tasmania, hundreds of undersea mountains mark the deep ocean floor. Now, a monthlong survey of these seamounts in and around Australia’s Huon and Tasman Fracture marine parks has revealed a spectacular range of deep-sea species, from feathery corals and tulip-shaped glass sponges to bioluminescent squids and ghost sharks. The survey team has also uncovered more than 100 previously unnamed species that are likely new to science.

Continue reading Deep-sea survey of Australian marine parks reveals striking species

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19
Dec
2018

Source: DSM Observer
Author: Andrew Thaler

2018 was supposed to be the year for Nautilus Minerals. Their three seafloor production tools—large underwater robots capable of mining seafloor massive sulphides from 1600 meters depth—were finally in hand and undergoing submerged testing. Their ship, the Nautilus New Era, was nearing completion. They had only a few hurdles left to clear before beginning production at Solwara I, the much-vaunted site of the world’s first deep sea mining operation.

Then the floor dropped out.

Continue reading For Nautilus Minerals, the debt comes due.

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8
Dec
2018

Source: Quartz
Author: Lynsey Chutel

The rechargeable lithium-ion battery helps define our era. It powers our smartphones and electric cars, and promises a future where we’re better able to store renewable energy. It also requires lithium and cobalt, minerals that some of the world’s poorest countries happen to have in abundance. That should be good news for all concerned, but mismanagement and graft—common in extractive industries—are making the latest mining boom look uncomfortably like the bad old days of previous booms.

Continue reading What really powers your smartphone and electric car

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6
Dec
2018

Source: The Economist

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 for lustre, alloys and electronics. Robotic machines (pictured) would cut, grind and gather volcanic rock at a site called Solwara 1, located 1,600 metres beneath the surface of the Bismarck Sea near Papua New Guinea (png). The resultant rocky slurry would be pumped up to a support vessel, then shipped to a site at which the metals could be extracted. Investors were convinced; Nautilus’s shares doubled from their initial price of c$2 ($1.80) in a few months.

Continue reading A high-profile deep-sea mining company is struggling

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