December 24, 2015

Large machines for Ocean floor mining will begin field tests in 2016

Nextbigfuture wrote about Nautilus Minerals several times since 2010. Nautilus Minerals is the first company to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. Nautilus is developing a production system using existing technologies adapted from the offshore oil and gas industry, dredging and mining industries to enable the extraction of these high grade Seafloor Massive Sulphide (SMS) systems on a commercial scale.

Nautilus’ copper-gold project, Solwara 1, is under development in the territorial waters of Papua New Guinea.

Here is an update based on a presentation on August 2015

Assuming all goes well, robotic diggers will spend 30 months scouring the ocean floor of the Solwara 1 site, bringing up 2.5 million metric tons of ore containing metals worth more than US $1.5 billion at today’s prices. Next, the robots will likely set to work on one of Nautilus’s 18 other prospects in the Bismarck Sea or one of its 19 discoveries off the shores of the Polynesian archipelago of Tonga.

Ocean mining machines should start testing in 2016. Full ocean mining and production should begin in 2018.










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