TITLE

Deep Water

AUTHOR(S)
Gelles, David
PUB. DATE
September 2007
SOURCE
Forbes Asia;9/3/2007, Vol. 3 Issue 14, p68
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the seabed mining project of Nautilus Minerals. In its ten years of life Nautilus has racked up $16 million in cumulative losses on zero revenue. Its CEO David Heydon has raised $300 million from large public mining companies. Nautilus is now using a small remote-operated vehicle with a pincer, lowered to the seabed, where it scours for and snaps off promising rock formations.
ACCESSION #
26611732

 

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