A breakthrough change in mining is near with the go-ahead given to build the world’s first deep ocean mining ship. BY LINDSAY CLARK.
The pioneering deep ocean mining company Nautilus Minerals plans to begin mining by 2017.
It is chasing rich grades of copper, gold, silver and zinc from a volcanic-origin in 1600 metre-deep ocean off...
With gold hovering at $1300 per ounce and a consistently high Kiwi dollar, Montego Investments has pulled the plug on its Earnscleugh alluvial gold mine near Alexandra. Geoff Loudon who is the sole director of Mintago Investments admits there is still gold to be mined at the site but the operation is currently unprofitable.
The...
