Papua New Guinea: Nautilus Gets 20-Year Mining Licence

Papua New Guinea Nautilus Gets 20-Year Mining Licence

Canadian firm Nautilus Minerals has been awarded a 20-year licence by Papua New Guinea’s Government to begin deep sea mining within the Solwara 1 project.

As The Guardian reports, Nautilus will mine an area of 1.6km beneath the Bismarck Sea, 50km off the coast of the PNG island of New Britain.

The locals are most concerned about the environmental impacts and risks of the mining operations.

Mr. Rosenbaum, professor of zoology from University of Oxford, alerts that underwater exploration will probably decimate deep water creatures yet to be identified by science, while deposit plumes could uncover marine life to harmful metals that will work their way up the food string to tuna fish, whales and even people.

“There are indirect impacts that could clog the gills of fish, affect photosynthesis and damage reefs,” the professor says.

Steve Rogers, the CEO of Nautilus, explained that the company had carried out a study of environmental influence over the past six years.

The Guardian quoted Mr. Rogers as saying: “This will be a relatively small footprint compared to a mine on land, on an area about the size of a dozen football pitches.

“We’ve sought out the best scientists in the world. We aren’t trying to pull the wool over anyone’s eyes.”

“This isn’t in a fishing area and won’t impact coral. Even if it were in a fishing area, it won’t affect that upper area where the fish are.”

Also the PNG government has obtained a 30% equity stake in the project, which will require it to bring about $25m(£16m) towards facilities, provoking claims of a flagrant conflict of interest.

Subsea World News Staff , August 09, 2012;  Image: Nautilus Minerals

 

Share this article

Follow Subsea World News

Events>

<< Sep 2016 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Jee: Pipeline Cleaning for Decommissioning Workshop

The workshop will look in general terms at challenges to pipeline cleaning in the decommissioning phase, how these challenges can be overcome…

read more >

Petrotech 2016

The conference content is managed by a committee of industry experts representing NOCs, IOCs, service providers and academia active…

read more >

SPE Annual Technical Conference and Exhibition

The event will embrace the conference’s heritage of excellence, drawing on the expertise of leading international oil and gas professionals…

read more >

ADVANCED SUBSEA POWER AND HEATING CABLES FOR THE OIL AND GAS INDUSTRY

This conference will establish a common understanding of the challenges and indicate future application and performance of subsea electrical…

read more >