07 Aug '12, 1am

World's First Deep Sea Gold & Copper Mine Coming to Papua New Guinea

World's First Deep Sea Gold & Copper Mine Coming to Papua New Guinea

Papua New Guinea's government has just granted a Canadian mining company a 20-year licence to harvest its deep sea territories for copper and gold. Once it commences, it will be the first commercial deep sea mining operation ever carried out. The controversial project has been in the works for years now , but proponents count this as among the last major hurdles that need to be cleared. The Guardian explains that the "Canadian firm Nautilus Minerals has been granted a 20-year licence by the PNG government to commence the Solwara 1 project," which will "mine an area 1.6km beneath the Bismarck Sea, 50km off the coast of the PNG island of New Britain. The ore extracted contains high-grade copper and gold." Obviously, other mining companies are paying close attention. Put your ear into a seashell in Papua New Guinea; that's the sound Rio Tinto licking its chops. And activist g...

Full article: http://www.treehugger.com/environmental-policy/worlds-fir...

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