The prospects of London-listed Canadian miner Nautilus Minerals delivering its proposed Solwara 1 seabed mine in Papua New Guinea (PNG) look increasingly bleak as details emerge of the extent of the dispute between the miner and the PNG government. The PNG government believes the deal being offered by Nautilus to the people of PNG in return for an investment of $154 million is fundamentally unfair and it has identified a list of terms that it wants to see changed.
London-listed mining giant Anglo American is a major shareholder in Nautilus.