An Annotated Guide To Mining The Seafloor
Last year, Nautilus won a 20-year lease from Papua New Guinea to mine in the Bismarck Sea. The company’s first customer, Tongling Nonferrous Metals Group of China, has already claimed the entire contents of the first site, Solwara 1, which is roughly the size of 21 football fields and contains 240,000 tons of copper and 25,000 pounds of gold, plus silver and zinc. Although metal prices fluctuate, the total take could approach $3 billion....