Collapse of PNG deep-sea mining venture sparks calls for moratorium

Date: September 15, 2019

Source: The Guardian
Author: Ben Doherty

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.

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