Home > Corruption, Papua New Guinea > Nautilus Minerals linked to corruption allegations around Namibian seabed mining

Nautilus Minerals linked to corruption allegations around Namibian seabed mining

October 31, 2016 Leave a comment Go to comments
nautilus

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

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.

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