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Port Moresby
February 28, 2021
Business News

Nautilus still hopes to be the world’s first to mine PNG’s deep seafloor

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Nautilus Minerals despite project being put on hold are confident that PNG government will support it controversial seafloor mining project.

The Canadian mining company is looking at providing better information to get the government to reconsider their decision and to go ahead with the Solwara 1 project.

In recent reports, the project was on hold due to PNG government concern on the impact it would have on the environment, issues related to equity, and intellectual property.

However, Vice President of Nautilus Mineral, Mike Johnson, says many of the environmental concerns are based on misinformation and the project’s impact will be very minimal.

He says the entire project has been carefully thought-out and engineered to eliminate most of the concerns that people who aren't fully aware of the project have made.

Nautilus Minerals is hoping to be the first in the world to mine the deep seafloor for copper, gold, zinc and silver at its PNG site.

Source: ABC Radio Australia

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