World’s First Deep-Sea Mining Project Gets Green Light

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August 14, 2012 by Volamoot at Mashable!


Humanity’s never-ending search for resources has taken a dive — into the sea.

Canadian company Nautilus Minerals is embarking on the world’s first commercial deep-sea mining project, called Solwara 1.

The venture aims to extract gold and copper from the floor of the Bismarck Sea in Papua New Guinea. Last year, the local government granted Nautilus a mining lease for an “initial 20-year term” to operate nearly a mile underwater.

But detractors say deep-sea mining could negatively impact the environment.

“Sea floor volcanic systems, deep-sea ecosystems and the spread of pollution from deep sea mining are not well understood,” according to th…
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More About: Nautilus Minerals, Papua New Guinea, deep sea, mining, trending

posted by Mashable from http://mashable.com/2012/08/14/deep-sea-mining/

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