A dispute between Papua New Guinea and a Canadian company has put an innovative sea mining project on hold. The CEO of Nautilus Minerals announced this week that the company has had to suspend operations because the PNG government has pulled out of a funding agreement. The undersea venture hopes [...]Read more ›
Post Tagged with: "Papua New Guinea"
A controversy is brewing off the coast of Papua New Guinea, and a Canadian mining firm is in the hot seat. Toronto-based Nautilus Minerals has received the go-ahead from the PNG government, to mine the country’s seabed for gold and copper. The 20-year licence was granted, despite harsh objections from [...]Read more ›