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China focuses on deep-sea mining to fuel rare metals ‘gold rush’

During the Qing dynasty that ruled imperial China for more than 300 years, Mawei Shipbuilding was famed for constructing the empire’s first warships.

For centuries one of China’s biggest ship builders, it is now turning its attention to the ocean floor.

As Beijing seeks to shore up its dominance as a global metals supplier, the state-owned shipyard is building a vessel equipped with diggers to trawl the watery depths for precious minerals and metal deposits. With deep-sea mining set to begin off the coast of Papua New Guinea in early 2019, the boat, designed by Nautilus Mining, is the first of its kind.

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