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Note: A controversial mining project that involves ploughing the sea floor off Papua New Guinea (PNG) is set to begin amid concerns about its impact on the marine environment.
A controversial mining project that involves ploughing the sea floor off Papua New Guinea (PNG) is set to begin amid concerns about its impact on the marine environment.
Canadian company Nautilus Minerals plans to mine 1.6 million tonnes of copper and gold a year from the volcanic hot springs in the Solwara 1 deposit in the Bismarck Sea, in what is hailed as the first deep sea mining project in the world.
The PNG government has a 15 per cent stake in the mine and is set to reap millions of dollars in royalties.
Nautilus chief executive Mike Johnston said seafloor mining holds enormous economic potential for countries...