Nautilus confident of reconciling with PNG government

Nautilus confident of reconciling with PNG government

Nautilus confident of reconciling with PNG government

Posted 4 December 2012, 11:15 AEST

The Canadian mining company, Nautilus Minerals, says it's confident better information will get PNG's government to support its controversial seafloor mining project.

The Canadian mining company, Nautilus Minerals, says it's confident Papua New Guinea's government will support its controversial seafloor mining project.

The company is hoping to be the first in the world to mine the deep seafloor for copper, gold, zinc and silver at its PNG site.

However the project is currently on hold, because of a dispute with the government on issues related to equity, intellectual property and the environment.

Mike Johnson, Vice-President of Nautilus Minerals, says many of the environmental concerns are based on misinformation and that the project's impact will be very minimal.

"The entire project has been carefully thought-out and engineered to eliminate most of the concerns that people who aren't fully aware of the project have made," he said.

"[These are] points of contention based on their misunderstanding of the project."

He said he was confident that by educating people about their intentions they would be able to get the project back on track.