A deeply disturbing story, one among seemingly countless opportunities for any of us to jump in and build an opposition, brought the above organization to our attention. Gold and copper, not to mention jobs, and concession revenues in a developing nation, are all important. Up to a point. But so is the marine ecosystem that will suffer the consequences. The mining company and its shareholders gain if the operation is profitable; plus the livelihoods of all those working on the technology and the mining jobs to carry out these operations; plus what the PNG government earns; and then some. It sure looked valuable enough to whomever was involved in granting the concession.
But who did the calculation on the other end of this equation? The ecosystem valuation side. Click the image above to see in detail (download the report) what is at stake and what might be done about it, as also reported here in The Guardian:
Nautilus alone has around 524,000 sq km under licence, or pending licence, in PNG, Tonga, New Zealand and Fiji.
“PNG is the guinea pig for deep-sea mining,” says Helen Rosenbaum, the campaign’s co-ordinator. “The mining companies are waiting in the wings ready to pile in. It’s a new frontier, which is a worrying development.
“The big question the locals are asking is ‘What are the risks?’ There is no certain answer to that, which should trigger a precautionary principle.
“But Nautilus has found a place so far away from people that they can get away with any impacts. They’ve picked an underfunded government without the regulation of developed countries that will have no way of monitoring this properly.”