SPC Geoscience Division

PAPUA New Guinea will become the first country in the world to go into deep sea mining when offshore miner Nautilus Minerals Inc. is awarded a mining licence today (Thursday)
Mining Minister John Pundari announced on Tuesday that he would sign and award the licence today.

It (mining licence) is a permit from the Government to allow Nautilus to start mining as soon as all related issues and matters are completed. The ML is a sign that the Government agrees for Nautilus to complete all preparations to start mining.