To be sure, Nautilus Minerals (TSX:NUS) is one of the more interesting mining companies out there. It's project, Solwara 1, lies on the sea floor near Papua New Guinea, where the company is hoping to mine high grade copper and gold deposits.
To find out a bit more about underwater mining, Resource Investing News had a chat with Mike Johnston, CEO of Nautilus, at the 2015 PDAC conference in Toronto. In the interview below, Johnston discusses what makes Solwara 1 so high grade, and speaks to questions about the environmental impacts of underwater mining.
He also speaks about New Zealand's recent rejection of underwater mining projects, and about Nautilus's partnership with the Papua New Guinean government. Overall, it was interesting to get some insight into the world of underwater mining and how Nautilus intends for its project to work.
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