Mining The Deep: All About $ For the Government

The PNG Mine Watch blog posts some unfortunate news today about mining the hydrothermal vents of the PNG coast at the Solwara 1 site.

Papua New Guinea’s Mining Minister, John Pundari told Nautilus chief executive officer Steve Roger that the PNG government was fully committed to supporting the project as indicated through its decision to acquire a 30% stake in the world’s first deep sea mining project.“It is my intention to make an announcement on the fulfillment of the government’s commitment in the next few weeks”

Of course it’s not hard to get the mining permits you need from the government when the government gets to take 30% of the profits.

via Mining Minister visits Nautilus in Brisbane | Papua New Guinea Mine Watch.

Dr. M (1801 Posts)

Craig McClain is the Executive Director of the Lousiana University Marine Consortium. He has conducted deep-sea research for 20 years and published over 50 papers in the area. He has participated in and led dozens of oceanographic expeditions taken him to the Antarctic and the most remote regions of the Pacific and Atlantic. Craig’s research focuses on how energy drives the biology of marine invertebrates from individuals to ecosystems, specifically, seeking to uncover how organisms are adapted to different levels of carbon availability, i.e. food, and how this determines the kinds and number of species in different parts of the oceans. Additionally, Craig is obsessed with the size of things. Sometimes this translated into actually scientific research. Craig’s research has been featured on National Public Radio, Discovery Channel, Fox News, National Geographic and ABC News. In addition to his scientific research, Craig also advocates the need for scientists to connect with the public and is the founder and chief editor of the acclaimed Deep-Sea News (, a popular ocean-themed blog that has won numerous awards. His writing has been featured in Cosmos, Science Illustrated, American Scientist, Wired, Mental Floss, and the Open Lab: The Best Science Writing on the Web.

2 Replies to “Mining The Deep: All About $ For the Government”

  1. Dr “M”
    You say that “Of course it’s not hard to get the mining permits you need from the government when the government gets to take 30% of the profits.”
    At the time the permits were granted the PNG government had not taken up a 30% interest in the tenements.
    What is more, the PNG government must pay for its 30% equity, its not free carried in any way.
    Nor was the Minister for Mining involved in the formulation of the determination to grant the tenements, that occurred through a normal process by the recomendation of the Mining Advisory Council.
    The Minister was not involved in that process.

  2. I agree with Wesley.
    The PNG Watch post is a cheap and biased shot.
    They should do their homework and at least read the permit details.
    Lets hope that the Solwara 1 will address environmental concerns, otherwise I don’t see any “conspiracy” here.

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