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REPORT BACK: The Realities of Sea Bed Mining in Papua New Guinea Forum
Claire | ACT NOW! Sorry ol lain, going a little crazy but I think the atmosphere of this so-called independence celebrations (I mean seriously! 37 years after being around for over 4000 years-SHEEESH!!!) are getting to me. Is the economic situation in Papua New Guinea so desperate that we have to resort to Experimental Seabed [...]
Read moreNautilus raises funds while lobbying against its mining plans gains momentum
Post Courier Benjamin Howard 13 September 2012 Despite increased public opinion in Papua New Guinea against the proposed Solwara 1 project being pursued by Nautilus Minerals, the company was able to successfully raise C$18.6 million through the issuing of its second and final tranche of shares on the Toronto Stock Exchange recently. In a statement [...]
Read moreGovernment says Nautilus not offering PNG a fair deal for K150m investment
Papua New Guinea Mine Watch 6 September 2012 The prospects of Canadian miner Nautilus Minerals delivering its proposed Solwara 1 seabed mine in PNG look increasingly bleak as details emerge of the extent of the dispute between the miner and the PNG government. The PNG government believes the deal being offered by Nautilus to the [...]
Read moreMore financial woes for Nautilus’ Solwara 1 deep sea mining project
Bloomberg Aoyon Ashraf and Liezel Hill 29 August 2012 Nautilus Seeks Partner for Undersea Mining Nautilus Minerals Inc. (NUS), seeking to be the first large-scale miner of copper and gold from the ocean floor, is in talks with potential partners to sell a stake in the project off the coast of Papua New Guinea. Nautilus [...]
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