Deep Water

Gelles, David
September 2007
Forbes Asia;9/3/2007, Vol. 3 Issue 14, p68
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.


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