SPC Geoscience Division

Home Calendar of Events
Events Calendar Print Email help
Previous year Previous year Next year Next year
See by year See by month See by week See Today Search Jump to month
Events for
2011
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
December 2011


Newsflash

Pacific countries are being urged to protect their deep sea mineral resources as commercial interest rapidly grows in the region.

One company is planning to undertake the world's first deep sea mining project in Papua New Guinea and there's growing interest elsewhere.

Jonathan Lowe from Nautilus Minerals told ONE News their initial focus is on copper, gold, zinc and silver.

However extracting it from 1-2 kilometres below sea level, has always been the issue - until now.

Commercial groups are currently starting to sign up exploration licences around the region and Pacific governments are being urged to protect themselves and negotiate the best deal with interested companies

"They are making heavy investments. They are going to push very hard to get as much of the proceeds as possible," said Dr Jimmie Rodgers, Director of General South Pacific Community.

"Governments need to be very clear on what it is they want to get out of this. They have to have definite milestones that are not negotiable."