Canadian mining company, Nautilus Minerals says it's dedicated to resolving the financial issues with the government of Papua New Guinea, so that the work on its Solwara One Project resumes.
Nautilus Mineral's country Manager, Mel Togolo, made this known reiterating the company's commitment to developing the country's first seabed mining..
Nautilus has a license to mine copper and zinc under the floor of the Bismark Sea, in waters off East New Britain, New Ireland and Manus provinces.
However, the construction of equipment for its Solwara One Project remains terminated as a result of a disagreement with the P-N-G government, which is yet to pay more than 23-million US-Dollars, or more than 50-million kina for its 22-percent equity in the project.
Radio Australia reports Togolo saying, they look forward to achieving a resolution to ensure the project goes into production successfully.
Mr. Togolo says that the project has many environmental advantages compared to land-based mines, as it is working towards a zero tailings system, and that no people need to be relocated.
Nautilus Mineral's country Manager, Mel Togolo, made this known reiterating the company's commitment to developing the country's first seabed mining..
Nautilus has a license to mine copper and zinc under the floor of the Bismark Sea, in waters off East New Britain, New Ireland and Manus provinces.
However, the construction of equipment for its Solwara One Project remains terminated as a result of a disagreement with the P-N-G government, which is yet to pay more than 23-million US-Dollars, or more than 50-million kina for its 22-percent equity in the project.
Radio Australia reports Togolo saying, they look forward to achieving a resolution to ensure the project goes into production successfully.
Mr. Togolo says that the project has many environmental advantages compared to land-based mines, as it is working towards a zero tailings system, and that no people need to be relocated.
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