Former Attorney General of Papua New Guinea warns potential investors – Nautilus is a risky deal!

Date: October 19, 2017

Source: Deep Sea Mining Campaign
Author: Natalie Lowrey

Papua New Guinea | Sir Arnold Amet, former Attorney General and Minister for Justice of PNG has joined the growing opposition against Nautilus Minerals Solwara 1 deep sea mining project in the Bismarck Sea.

“It is understandable that Nautilus shareholders want to protect their own financial interests but new investors should beware – the Solwara 1 project is very high risk” said Sir Amet.

“The muddy puddle at the so-called test site at Motukea Island is not fit for purpose. It will not provide any evidence that these machines won’t malfunction at the intended operating depth of 1.6 km. The hulks are already deteriorating in our tropical conditions.”

Canadian company Nautilus is still desperately seeking funds for its flagship Solwara 1 deep sea mining project. Commercial operation has been delayed year after year since it received its licence to mine the floor of the Bismarck sea in 2011.

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