Sir Julius Chan, the Governor of Papua New Guinea’s New Ireland province, remains opposed to the Solwara 1 project. According to Radio New Zealand International, the Governor stated that seabed mining is a risk not worth taking. Nautilus, Canadian company in charge of the Solwara 1 project, claims that the mining will cause little environmental [...]
Canadian-owned Nautilus Minerals received more criticism in its bid to mine the sea-floor offshore Papua New Guinea, Radio New Zealand reported. Nautilus is developing the world’s first commercial deep sea mining project in Papua New Guinea called Solwara 1. But the Deep Sea Mining campaign says there’s been a lack of environmental analysis for the [...]
June 12, 2012 | Posted in
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Nautilus Minerals Inc. announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2012 together with Management’s Discussion and Analysis. First quarter 2012 highlights: - Exploration Program commenced in the Bismarck Sea, PNG - Technical Report update released March 23, 2012 - Solwara 1 Project development advances - $129.5 [...]
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ContiTech has achieved another milestone: Its Fluid Technology Oil & Marine segment has been commissioned by the Canadian company Nautilus Minerals Inc. to take part in the world’s first deep-sea mineral resource project, the company announced in Hanover. The undertaking will see natural resources extracted from sulphide-rich deposits found on the ocean floor. Nautilus’s Solwara [...]
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Nautilus Minerals Inc. announced it has signed a binding heads of agreement with Tongling Nonferrous Metals Group Co. Ltd (“Tongling”) for the sale of the product extracted from the Company’s Solwara 1 deposit located in the Bismarck Sea, Papua New Guinea (“PNG”). The agreement provides for the purchase by Tongling of 1.1 million tonnes per [...]
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Tritech has recently supplied Soil Machine Dynamics (SMD) with Gemini Multibeam Imaging and Profiling sonars for installation on 3 SMD vehicles, built for the Nautilus Minerals Solwara 1 Project. The titanium multibeam sonar package is based on Tritech’s proprietary Gemini multibeam technology and, together with supplied surface processing units, will offer profiling and imaging capabilities [...]
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Nautilus Minerals Inc. yesterday filed its updated Mineral Resource Estimate for the Solwara Project in the Bismarck Sea in Papua New Guinea. Details of the updated resource were released to the market on November 25, 2011. About Nautilus Minerals Inc. Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide [...]
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Nautilus Minerals Inc has received gross proceeds of C$70.5 million from the issue of the first tranche of shares forming part of the recently announced private placement. A total of 27,987,853 shares were issued today in the first tranche at an issue price of C$2.52 per share. The shares formed part of a total [...]
Nautilus Minerals is to raise approximately US$100 million (C$98.1 million*) through a private placement of common shares to fund the development of its first project, Solwara 1, in the Bismarck Sea of Papua New Guinea. The placing will involve the issue of approximately 39 million shares to a number of investors at a price [...]
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Almost a mile below the Pacific Ocean’s surface, off the coast of Papua New Guinea, lies evidence of man’s ingenuity… (dailymail) Source: dailymail, June 6, 2011;
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