16 August 2012

Papua New Guinea first state to approve commercial deep sea mining

The Government of Papua New Guinea has given the Canadian firm ‘Nautilus Minerals’ a 20-year licence to begin their so-called ‘Solwara 1’ project. This is the first commercial deep seabed mining project in the world, aiming to extract gold and copper from the seafloor beneath the Bismarck Sea. Locals and environmental activists have objected in view of the environmental impacts.

Source: The Guardian | Papua New Guinea's seabed to be mined for gold and copper