Nautilus raises K550m for seafloor mining ops

NAUTILUS Minerals raised US$175 million (K547 million) in the first quarter of this year in support of the world’s first seafloor mining venture in Papua New Guinea.
The company told the Toronto Stock Exchange, where it is listed, a contracthas also been awarded for construction of a 191m vessel, Jules Verne,that will undertake the deep sea copper and gold mining.