Loop PNG | May 13, 2018
The PNG Government is urged to follow Anglo American’s lead and withdraw its share in Nautilus Minerals Inc.
The call has been made by the Alliance of Solwara Warriors following the May 4th announcement of the diversified miner in the Financial Times.
In a statement the Alliance of Solwara Warriors said the Government should “take heed of Anglo-American’s action as a professional example and withdraw its 15 percent share while there is still some value (K0.51 May 10th 2018)”.
“This is a clear indication of loss in investor confidence in the Solwara 1 Project and experimental seabed mining in PNG.
“Therefore we the Alliance of Solwara Warriors call on the Government to revoke the Solwara 1 Project and put a total ban on further seabed mining projects in our customary waters.
“We the maritime communities from the Bismarck and Solomon Seas have been resisting Nautilus Minerals experimental projects since 2009.
“Our seas are recognised and protected by our cultural and custom knowledge and as custodians and gatekeepers of this heritage, we recognise that Solwara 1 Project is a dangerous and bad investment.”
Meantime, the Anglo had said they were exiting their small minority shareholding in Nautilus “as part of the prioritization of our portfolio on our largest and greatest potential resource assets”.