Nautilus Minerals controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Project failure and bankruptcy
Nautilus’s bankruptcy left shareholders with sharply reduced investment value and creditors, including the Papua New Guinea government, facing losses connected with the unsuccessful Solwara-1 development.
2015
Unauthorized US$10 million payment
Nautilus reported that money intended for its shipbuilding contractor was transferred to an unauthorized account in a cyber-fraud incident. The company did not publicly disclose all investigation findings and could not rule out internal fraud, leading to criticism of its financial controls.
2015
Environmental report independence controversy
Canadian environmental organizations criticized the company’s environmental and social benchmarking report, arguing that it relied heavily on company-provided information, understated community concerns and did not adequately address the vulnerability of hydrothermal-vent ecosystems.