Getitgogone
1 year ago
I guess according to this article Nautilus is coming back as DSMF ,Deep sea mining Finance ltd. ,as well TMC could be involved?, but DSMF is a private company or should I say was ..follow the dots ...You've got TOML AND DEEPGREEN mining which is now TMC
What a mess as far as I'm concerned
First article Nautilus was acquired by DSMF so how is Nautlilus coming back to PNG?
https://www.postcourier.com.pg/nautilus-to-return-to-png/
.......
2nd link to TMC webpage
Vancouver, Canada β "The Metals Company (formerly DeepGreen Metals, Inc.) today announced that it has acquired Tonga Offshore Mining Limited (TOML), giving the company exploration rights to a 74,713 km2 block of CCZ seabed that contains an inferred resource of 756 million wet tonnes of polymetallic nodules*. TOML holds an exploration contract granted by the International Seabed Authority (ISA) and sponsored by the Kingdom of Tonga. The Metals Company acquired TOML from Deep Sea Mining Finance Limited. As part of the TOML acquisition, The Metals Company will benefit from existing environmental studies, a Canadian NI 43-101 compliant technical resource report and an intellectual property portfolio."
https://metals.co/deepgreen-acquires-third-seabed-contract-area-to-explore-for-polymetallic-nodules/
Getitgogone
3 years ago
Key DeepGreen stakeholders, including Barron, were also involved in the Canadian company Nautilus Minerals Inc., the original holder of at least two undersea mining concessions now held by DeepGreen. When Nautilus filed for bankruptcy in 2019, 41 shareholders wrote to the court handling the bankruptcy, saying they were misled, and that company assets β including potentially valuable Nautilus concessions in Papua New Guinea and Tonga β were transferred to a new entity βat far below assessed value.β This entity was Deep Sea Mining Finance (DSMF), which is jointly owned by Russian oligarch Alisher Usmanov, who reportedly has connections to Vladamir Putin. In March 2020, DeepGreen issued 7.8 million shares of its stock to DSMF plus a deferred consideration of $3.44 million in exchange for the Tonga subsidiary, suggesting that Putin allies may be substantial shareholders in DeepGreen.
https://campaignforaccountability.org/watchdog-requests-sec-investigate-undisclosed-histories-of-deep-sea-mining-companies-seeking-merger/
CrazyKar123
5 years ago
Deep-sea mining to turn oceans into βnew industrial frontier Greenpeace report reveals 29 floor-exploration licences have been granted worldwide
https://www.theguardian.com/environment/2019/jul/03/deep-sea-mining-to-turn-oceans-into-new-industrial-frontier
NUSMF
https://www.barchart.com/stocks/quotes/NUSMF/technical-chart?plot=CANDLE&volume=total&data=I:120&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=120&startDate=2019-11-01&indicators=NVI(255);ADXMOD(14);BBANDS(20,2);AROON(25);SMA(50);SMA(20);SMA(200);ACCUM;CHKMF(20);CCI(20,100);SMACD(12,26,9);RSI(12,100);STOSL(14,3);PVT;SMA(34);PTP(50);PCT(20,0.20);OBV;MOMENT(20);ATR(14)&sym=NUSMF&grid=1&height=375&studyheight=150
Getitgogone
5 years ago
Fears in PNG a new Nautilus emerging after bankruptcy (AUDIO 4'28")
The Canadian company, Nautilus Minerals, that had been planning for years to mine the sea floor off the north coast of Papua New Guinea, was declared bankrupt last week.
This came after the company was delisted by the Toronto Stock Exchange earlier this year as it tried to sort out its finances.
As part of this collapse the PNG government, which was a significant Nautilus shareholder, has reportedly lost $ US 125 million.
Now environmentalists and the communities around the proposed Solwara One project fear a new, pared-down, version of the company is re-emerging.
The Alliance of Solwara Warriors spokesman, Jonathan Mesulam, told Don Wiseman, this has angered the local community which remains committed to keeping Nautilus out.
https://www.rnz.co.nz/international/programmes/datelinepacific/audio/2018724564/fears-in-png-a-new-nautilus-emerging-after-bankruptcy
CrazyKar123
5 years ago
One of the most high-stakes races in history is underway, with colossal riches waiting for the winners. It's a race to a little known frontier: the bottom of the sea. Around the world, thousands of engineers and scientists are in fierce competition to build the first undersea robot that can mine the ocean floor. The explosion of interest in deep sea mining is driven by the demands of our high-tech economy. The deep ocean is the El Dorado that contains metals like nickel, cobalt and rare earth elements, essential for use in cell phones, supercomputers and electric cars. They're also critical for a green future of solar and wind power. Dozens of nations, including Russia and China, are racing to get there first. But not the United States. As Bill Whitaker reports, America must sit on the sidelines of this great treasure hunt. Whitaker's report will be broadcast on the next edition of 60 Minutes, Sunday, November 17 at 7:30 p.m. ET and 7 p.m. PT on CBS.
The deep sea metals are estimated to be worth as much as $16 trillion. They're found in lumps of black rock called nodules, and there are trillions of them strewn across a vast, muddy desert in the Clarion Clipperton Zone, in the middle of the Pacific between Hawaii and Mexico. It's sunken treasure because every nodule contains nickel, copper, cobalt, manganese and traces of rare earth elements. It's estimated there are more metals on the bottom of the ocean than anywhere on the planet.
60 Minutes joined Canadian company DeepGreen Metals on its latest research trip, mapping the seafloor, three miles down, and fishing for nodules. The company estimates there's enough nickel and cobalt in its stake to make batteries for 150 million electric cars.
Nineteen countries have exploration licenses in the CCZ, including China, Russia, Germany and France. Even Cuba and Tonga have stakes. But the U.S. is not permitted to participate because it didn't ratify the United Nation's Law of the Sea which rules these international waters. Without signing the treaty, the U.S. is outside the system that is dividing up the ocean floor for deep sea mining.
Without a seat at the table, retired Rear Admiral Jonathan White worries the U.S. has no say in how deep sea mining will be developed or what environmental protections will be put in place. He also fears this gives China an overwhelming head start in pursuit of deep sea metals, at a time when it already commands a chokehold of metals like cobalt and rare earths on land.
It's a national security issue, White says. "A weapons system, the guidance of our weapons, X-ray machines, microwaves, they all rely on [rare earth] elements hard to come by," he tells Whitaker
White thinks it's a mistake. "I think it means weβ¦ become more isolated especially in terms of a growing global economy," he says. "Andβ¦[be] more dependent on China."
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