PNG minister says seafloor mining close

7:06 am on 30 June 2015

The Papua New Guinea Mining Minister Byron Chan is confident the mining of copper and gold on the seafloor in the Bismarck Sea will start soon.

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Photo: RNZI

The National newspaper reports he recently went to Newcastle in Britain to see Nautilus Minerals offshore mining tools being manufactured and assembled.

He told the paper that he can now say with confidence that he has seen the equipment and that seafloor mining within the Bismarck Sea will soon be a reality.

The planned Bismarck Sea mining operation by Nautilus Minerals is expected to be the world's first sea-floor mining operation.