The first adjudication date for the dispute between Nautilus Minerals and the Government of Papua New Guinea has been set for June 20, and the company issued an optimistic update on April 4th in which they announced going ahead with a rights offering, positive early discussions with the PNG government, and interest in joint ventures and SSMS projects outside of Solwara.
It remains to be seen if unproductive economic nationalism on the part of PNG scuttles a potentially groundbreaking project for which the environmental safeguards had already been mutually agreed. The bigger question, as always, is the future market prices for the constituent minerals, as some observers are now forecasting a broad decline in global mineral prices due to slowing Chinese growth, substitution, and a dampening of financial speculation.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment