Nautilus Papua New Guinea

25
Nov
2019

Source: Deep Sea Mining Campaign

On 21st November, Nautilus Mineral’s court-appointed monitors, Price Waterhouse Cooper (PwC) confirmed that the relevant legal papers had been filed to assign Nautilus Minerals Inc. into bankruptcy.[i] Whilst this news was expected, there has been no news on their plans for the Solwara 1 deep sea mining project in Papua New Guinea, leaving local communities and civil society who are opposed to the project with many questions.

Nautilus filed for protection from its debts in a Canadian Court in February 2019.[ii] The company tried to restructure but it failed to find any buyers for its assets. In August 2019, court approval was obtained for creditors to liquidate the company in order to get back a fraction of what they were owed.[iii]

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24
Apr
2019

Source: Act Now PNG

The risks and uncertainties of experimental seabed mining are too great to allow this industry to ever proceed in Papua New Guinea. 

This was the view shared by seabed mining advocates, together with locals of West Coast Namatanai and representatives of Duke of York Islands, East New Britain Province, during an open forum in Namatanai.

After the gathering, a joint statement was issued, saying: “As New Irelanders we have two world class mining in Lihir and Simberi gold mine. We have logging operations and oil palm industry operating in the Province. We have run down plantations that can be used for cocoa or copra project that support local people.

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11
Mar
2019

Source: Papua New Guinea Mine Watch

On 21 February 2019, Nautilus Minerals Inc. filed for protection from creditors under the Canadian Companies’ Creditors Arrangement Act.  Whilst claiming this as a victory in their decade-long campaign to stop the Nautilus Solwara 1 Project in the Bismarck Sea, local communities and civil society in Papua New Guinea are taking heed that the fight is not over until all Nautilus licences are cancelled.

Continue reading Call for Nautilus seabed mining licences to be cancelled in Papua New Guinea

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1
Mar
2019

Source: The Globe and Mail
Author: Amy O’Kruk

Deep in the North Pacific Ocean, in an area as wide as the United States, billions of potato-sized rocks litter the ocean floor. These lumpy, black-brown balls are full of cobalt, nickel, copper and manganese – valuable minerals that are crucial for electronics and evolving green technologies, such as electric cars and solar panels.

Continue reading The new frontier: deep-sea mining

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