Nautilus Minerals has terminated its contract with Papua New Guinea and threatens to sue for damages.
Question is, did Nautilus Minerals really think the PNG government would fall to its knees to beg it to stay? Does Nautilus really have the money to go through with this project?
Remember the petition of 24,000 signatures and how the shareholders pulled out the day after?
It is not difficult to see how Nautilus Minerals is struggling to raise the money for this experimental project on Solwara 1. It is not difficult now to see also how this Canadian company wants to suck the money from cash poor mineral rich Papua New Guinea.
You think they made a grand announcement of departure but shamelessly continues to run ‘Nautilus Cares’ advertisements in the newspapers.
The thing is this little Canadian company wants to make big here in Papua New Guinea, to take the cash, then grab the gold and leave the people of this country with the ruins.
What an insult to Papua New Guinea and its rich pristine environment and people when Nautilus Minerals says ‘it cares’!
Peter O’Neill is not deaf, he hears you Nautilus Minerals and the people of Papua New Guinea are not sleeping any more.