Nautilus Minerals linked to corruption allegations around Namibian seabed mining

nautilus

The giant machines Nautilus wants to use to mine the seafloor in Papua New Guinea

PNG Exposed | 31 October 2016

Prospective Solwara 1 seabed mining company Nautilus Minerals can be linked to the allegations of corruption surrounding a controversial decision by the Namibian government to allow seabed mining.

Namibia’s Fisheries Minister, Bernhard Esau, is crying foul over a government decision to allow phosphate mining on the seabed.

He says the decision to grant an environmental permit to Namibian Marine Phosphate was done behind closed doors and in defiance of an earlier government imposed ban. As Fisheries Minister, he says he was denied an opportunity to present his own proposal for a detailed 3-5 year environmental study before any approvals were granted.

Namibian Marine Phosphate is owned by the same company, MB Holdings, that is the largest shareholder in Nautilus Minerals.

MB Holdings owns 85% of Namibian Marine Phosphate through its wholly owned subsidiary, Mawarid Mining LLC.

MB Holdings is owned by Omani business man Mohammed Al Barwani.

Advertisements

6 Comments

Filed under Corruption, Papua New Guinea

6 responses to “Nautilus Minerals linked to corruption allegations around Namibian seabed mining

  1. Robyn Fifield

    Keep them out don’t let them destroy nature

  2. Kenneth Unamba

    Your headline “Nautilus Minerals linked to corruption allegation around Namibian seabed mining” is missleading and has a biased view againts Nautilus Minerals. The about 40% interest in Nautilus by MB Holding does not not mean Nautilus Minerals is directly linked to the Namibian Phosphate deal. Please stop irresposible reporting here.

  3. Pingback: Nautilus Minerals linked to corruption allegations around Namibian seabed mining — Papua New Guinea Mine Watch | Indiĝenaj Inteligenteco

  4. GeeMail@gmail.com

    Painim wok stret

  5. Pingback: Urgent application against Namibian seabed mining approval | Papua New Guinea Mine Watch

  6. Pingback: Namibian seabed mining approval suspended amid corruption claims | Papua New Guinea Mine Watch

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s