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>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

Underwater Technology Conference

2016 will be a year to remember for all of us working in the oil and gas industry and it will be talked about in decades to come, such as they…

read more >

5th International Conference Offshore Cabling 2016

At the upcoming event you will get the opportunity to learn from offshore cable installation case studies and gain insights into latest…

read more >

OPEX Global Subsea Power Cables Forum for the O&G and Energy Industry 2016

This year subsea power cable forum will bring together key experts from Oil and Gas and Energy Industry globally to discuss the current…

read more >

ADVANCED SUBMARINE POWER CABLE & INTERCONNECTION FORUM

The 2016 event will look to emulate the success of this years’ conference and continue to showcase real practical examples on what the industry…

read more >