Nautilus

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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19
Feb
2019

Source: The Conversation

“When they start mining the seabed, they’ll start mining part of me.”

These are the words of a clan chief of the Duke of York Islands – a small archipelago in the Bismarck Sea of Papua New Guinea which lies 30km from the world’s first commercial deep sea mine site, known as “Solwara 1”. The project, which has been delayed due to funding difficulties, is operated by Canadian company Nautilus Minerals and is poised to extract copper from the seabed, 1600m below the surface.

Continue reading Deep sea mining threatens indigenous culture in Papua New Guinea

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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.

Continue reading here.

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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: 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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