An embattled deep-sea mining project appears to be moving ahead in Papua New Guinea, according to officials in the Pacific Island nation, despite more than a decade of opposition from local ...

UK Mining's "2008 AGM Season" ends this week, as London-listed GCM Resources (formerly Global Coal Management, and previously Asia Energy plc) defends one of the most criticised mining proposals of recent years: the Phulbari coal mining project in northwest Bangladesh. Two independent reports, to be distributed at GCM's annual …

(Image: Nautilus Minerals)[/caption] PAPUA NEW GUINEA – Toronto-based Nautilus Minerals has completed the preliminary economic assessment for its Solwara 1 seabed copper-gold project in the Bismarck Sea. Nautilus has been inching the Solwara 1 project forward for almost 40 years.

Earlier this month, Nautilus Minerals unveiled the three seafloor production tools (SPTs) it will be using for its first deep sea mining project. The machines, built by Newcastle-based subsea robotics manufacturer Soil Machine Dynamics (SMD), have passed factory testing and are scheduled for shallow water testing in early 2016.

The sand will be processed aboard a purpose-built 345-metre integrated mining vessel, whose construction TTR would start soon. The company expects to begin exporting iron ore from the site to Asia ...

It is clearly difficult for Nautilus or any other mining company to obtain and maintain a social licence for a deep sea mine, partly because of the physical separation of the mineral deposit from anything that might be construed as a 'local community', and partly because of the way in which the very concept of a 'social licence' has ...

A project to dig minerals from the seabed off Papua New Guinea could signal a new era of mining in the world's most remote and least understood environment, the deep sea. Mining companies are excited, ecologists are worried, and struggling island nations are watching with interest, as Ann Arnold writes.

The "total failure" of PNG's controversial deep sea mining project Solwara 1 has spurred calls for a Pacific-wide moratorium on seabed mining for a decade. The company behind Solwara 1, Nautilus, has gone into administration, with major creditors seeking a restructure to recoup hundreds of millions sunk into the controversial project.

Nautilus seabed mining project jeopardized again Canada-based, London-listed Nautilus Minerals Inc. sank to fresh lows in London, falling almost 5%, hit… Donate

Which brings us to Solwara I. With the PNG government no longer holding it back, Nautilus is suddenly doing again what it has been trying to do for years: Develop and find more seafloor mining projects. Solwara I – Nautilus' most advanced project – …

Nautilus, however, has been the only company to go beyond the exploration stage for what was supposed to be the first polymetallic seabed mine. More projects may be surfacing soon, as the ISA is ...

Some deep seabed mining has already taken place within countries' waters: Japan in 2017, and in Papua New Guinea where the controversial Solwara 1 mining project has ground to a halt. But this year will see a critical global debate on how to manage the resources that lie in "the area" – international waters of more than 200 …

Future of seabed mining. Debmarine's operations offshore Namibia will continue to ramp up – it has depleted only around 2% of its the licence area. But while it remains a glittering example of how seabed …

In 2009, the government granted an environmental permit to Nautilus Minerals, a Canadian company with large shareholders in Russia and Oman, and in 2011, the government granted Nautilus a lease to begin mining copper and gold from a seabed vent in the Bismarck Sea. The project has met with fierce public outcry, however.

Under the agreement, the Papua New Guinea government paid Nautilus $7 million, which entitles it to a 15% stake in the project, with an option to increase it by another 15% in the next 12 months.

Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, is on track to start operations at its Solwara 1 gold, copper and silver project off the coast of Papua Guinea ...

Nautilus seabed mining project jeopardized again. Canada-based, London-listed Nautilus Minerals Inc. sank to fresh lows in London, falling almost 5%, hit…

The cold, dark waters of the deep sea once were thought to be largely void of life, but scientists now know that the opposite is true. Underwater mountain chains teem with fish, corals, and other fauna. Hydrothermal vents gush mineral-rich waters that support communities of deep-sea organisms.

Now, the company has lost a ship essential to its deep-sea mining plans. Nautilus chartered Emirati shipping operator MAC Goliath (MAC) to oversee …

Nautilus Minerals Inc. [NUS-TSX; NUSMF-OTC], a company that hoped to become the world's first deep sea mining firm, can proceed with a financial restructuring …

This week's set-back to a major project in Papua New Guinea provides a salutary warning about the complexity and potential costs of DSM. Under a licence issued by the PNG government, Nautilus Minerals has long planned to mine seabed minerals beneath PNG's Bismarck Sea.

A marine scientist has emerged as a new candidate to lead the International Seabed Authority. If elected, she could represent a shift in how the UN-affiliated organization that regulates deep sea ...

The Canadian firm, which tried for years to fully develop its Solwara 1 gold, copper and silver project off the coast of Papua Guinea, faced relentless community opposition, culminating in legal action and public appeals to the government.. Those issues, together with environmental concerns and the fact that the company lost its only …

Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea's landowners petition to the Government to...

Nautilus seabed mining project jeopardized again. Canada-based, London-listed Nautilus Minerals Inc. sank to fresh lows in London, falling almost 5%, hit…

Another company, Nautilus Minerals, is working in the territorial waters of Papua New Guinea to shatter a field of underwater hot springs lined with precious metals, while Japan and South Korea ...

On 21st November, Nautilus Mineral's court-appointed monitors, Price Waterhouse Cooper (PwC) confirmed that the relevant legal papers had been filed to assign Nautilus Minerals Inc. into bankruptcy.[i] Whilst this news was expected, there has been no news on their plans for the Solwara 1 deep sea mining project in Papua New Guinea, leaving ...

The Vancouver-based company was trying to develop its Solwara 1 deep sea gold, copper and silver project, ... Nautilus Minerals' shares had been traded 310,769 times on the OTC, with the stock ...

In the years that followed, the company drilled again and again. By 2019, Nautilus, the first company to ever receive a deep-sea mining license, had gone bankrupt before …

In 2011, Nautilus Minerals was granted a license to mine precious minerals from the seabed off the coast of Papua New Guinea, the first project in the world to gain deep-sea mining rights.