Search results for: Mike Johnston

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  • 7 August 2018
    Business & Finance

    Toronto-based underwater mineral exploration company Nautilus Minerals has announced the departure of president and CEO Mike Johnston with immediate effect. Johnston will be replaced by independent Director John McCoach, who is appointed as Interim CEO, also with immediate effect. Tariq Al Barwani, Nautilus’ chairman said: “We thank Mike for his long service with Nautilus Minerals. […]

  • 9 September 2013
    Business & Finance

    Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces that a hearing in respect of the issues that are the subject of the Notice of Arbitration, issued by the Independent State of Papua New Guinea (the “State”), has been completed. The parties now await the decision of the arbitrator, the Honourable Murray Gleeson AC QC. “It […]

  • 22 August 2016
    Business & Finance, Equipment, Operations & Maintenance

    Nautilus Minerals has signed a subscription agreement with Mawarid Offshore Mining and Metalloinvest Holding to sell such number of common shares of the company that will raise gross proceeds of up to US$20 million. As previously disclosed, Nautilus requires significant additional funding in order to complete the build and deployment of the seafloor production system to be […]

  • 25 November 2016

    Nautilus Minerals, the company behind Solwara 1 subsea mining project, informed that the thruster rooms have been lifted into position on the project’s production support vessel (PSV). The PSV is to be used by Nautilus and its Papua New Guinea partner, Eda Kopa (Solwara) Limited, as the base for its seafloor operations planned at the […]

  • 1 June 2015
    Business & Finance, Operations & Maintenance, Research & Development

    Nautilus Minerals informed that Earth Economics has released an independent Environmental and Social Benchmarking Analysis, based on natural capital accounting, on Nautilus’ Solwara 1 project. Solwara 1 is located in the Bismarck Sea of Papua New Guinea and it is anticipated that the proposed Solwara 1 project will begin operations in the first half of 2018 subject to […]

  • 27 May 2016
    Business & Finance

    Nautilus Minerals has informed that its chairman of the board of directors A. Geoffrey Loudon is retiring and will not stand for re-election at the upcoming annual general meeting on June 1, 2016. Loudon has been Nautilus’ chairman since it listed on the Toronto Stock Exchange in 2006 and has been a founding investor and active participant in […]

  • 13 August 2015
    Business & Finance, Equipment, Project & Tenders

    Kongsberg Maritime has secured a contract with Fujian Mawei Shipbuilding for the vessel integrated control system to be used on Nautilus Minerals’ Production Support Vessel (PSV). The integrated vessel control system (IVCS) package comprises dynamic positioning, marine automation, information management and navigation systems. The IVCS will keep the vessel within specified position and heading limits while operations are performed. […]

  • 16 November 2012
    Business & Finance, Equipment, Research & Development

    Nautilus Minerals, a company engaded in seabed mining, has decided to halt the construction of Solwara 1 project offshore Papua New Guinea regarding a dispute with the government. Nautilus terminated the construction because of a dispute over the cost of up to US $80 million, that, according to the company, the government is obliged to […]

  • 23 February 2015
    Business & Finance, Equipment, Technology

    Nautilus Minerals Inc. has announced that the commissioning and Factory Acceptance Testing of its third and final Seafloor Production Tool, the Auxiliary Cutter, has started at Soil Machine Dynamics’ facility at Newcastle upon Tyne, UK. Nautilus’ CEO, Mike Johnston said: “We are very excited that the commissioning of the final of the three SPTs has begun. With the […]

  • 23 February 2015
    Business & Finance, Equipment, Operations & Maintenance

    Nautilus Minerals has announced that the commissioning and Factory Acceptance Testing of its third and final Seafloor Production Tool (SPT), the Auxiliary Cutter, has started at Soil Machine Dynamics’ facility at Newcastle upon Tyne, UK. Nautilus’ CEO, Mike Johnston, said: “We are very excited that the commissioning of the final of the three SPTs has […]

  • 10 April 2014
    Business & Finance, Equipment

    Nautilus Minerals Inc. has assembled the Bulk Cutter (BC), which is the first of the Seafloor Production Tools (SPTs). Nautilus’ CEO, Mike Johnston, said: “This is a major milestone for the Company, having the first of the three SPTs assembled. This achievement brings the Company all the closer to making seafloor mining a reality.” Subsea vehicle […]

  • 25 June 2014
    Business & Finance, Equipment, Technology

    Soil Machine Dynamics’ (SMD) facility at Newcastle upon Tyne, UK, this week commenced the assembly of Nautilus Minerals’ third and final Seafloor Production Tool (SPT), the Auxiliary Cutter (AC). Nautilus’ CEO, Mike Johnston said: “We are pleased that the assembly of the AC, the third and final of the three SPTs has now commenced, with […]

  • 22 February 2018
    Business & Finance

    Nautilus Minerals has appointed Wayne Knott to the role of chief operating officer (COO), effective March 19, 2018. Knott is a metallurgist with over 30 years of mining industry experience, with particular expertise in dredging, operational start-ups and reviews. He previously worked for Nautilus Minerals as operations manager during 2010 to 2012, where he was […]

  • 17 January 2018
    Business & Finance

    Nautilus Minerals informed that Adam Wright, vice president Papua New Guinea (PNG) Operations, has resigned from the company, effective February 26, 2018. Nautilus CEO Mike Johnston said, “Over the past three and a half years, Adam has played a significant role in the key areas of project management, stakeholder and government engagement and corporate social responsibility. We would […]

  • 12 August 2013
    Business & Finance

    Nautilus Minerals Inc. announces the release of its unaudited consolidated Financial Statements for the second quarter ended June 30, 2013, together with Management’s Discussion and Analysis. Q2 2013 Significant Events: – Successfully closed rights offering for gross proceeds of C$40 million – US$64.5million in cash and cash equivalents as at June 30, 2013 – Discussions […]

  • 12 February 2018
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Nautilus Minerals has completed the submerged trials for its seafloor production tools In Papua New Guinea. The equipment is currently being prepared for shipment to China where it will be integrated onto the production support vessel (PSV) being built for Nautilus’ Solwara 1 subsea mining project. Mike Johnston, Nautilus’ CEO commented “The overarching objective of […]

  • 24 March 2015
    Equipment

    Nautilus Minerals has been advised by Soil Machine Dynamics Limited (SMD) that the umbilical winches for the three Seafloor Production Tools (SPTs) have successfully completed Factory Acceptance Testing (FAT). Mike Johnston, Nautilus’ CEO, commented, “Completion of FAT on the umbilical winches marks another significant step in the journey towards seafloor mining in 2018. The winches […]

  • 25 June 2014
    Business & Finance, Equipment, Operations & Maintenance

    Nautilus Minerals Inc.  has announced that the assembly of its third and final Seafloor Production Tool (SPT), the Auxiliary Cutter (AC), has this week begun at Soil Machine Dynamics’ (SMD) facility at Newcastle upon Tyne, UK. Nautilus’ CEO, Mike Johnston, said: “We are pleased that the assembly of the AC, the third and final of the […]

  • 3 April 2017
    Equipment, Operations & Maintenance

    Nautilus Minerals’s seafloor production tools (SPTs) have arrived in Papua New Guinea to start submerged trials.  Mike Johnston, Nautilus’ CEO said: “We are delighted to be undertaking submerged trials in PNG. The trials will result in money and investment going into the PNG economy, and the employment of Papua New Guineans in “state of the art” technology which […]

  • 10 November 2016
    Business & Finance, Equipment, Operations & Maintenance

    Nautilus informed that factory acceptance testing (FAT) of the riser tooling and the subsea pull-in skids for its Solwara 1 mineral exploration project was successfully completed this week in Poland and the USA respectively. The riser tooling, which was designed by GMC in Houston, is a piece of equipment that will be used for handling and […]

  • 15 March 2013
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc. announces the release of its audited consolidated financial statements for the year ended December 31, 2012, together with Management’s Discussion and Analysis. “It has been a challenging year”, said Nautilus Mineral’s interim CEO, Mike Johnston. “The decision made by the Board in relation to the Solwara 1 Project late last year was […]

  • 30 January 2015
    Business & Finance, Equipment, Technology

    Nautilus Minerals Inc. has announced that the mechanical and hydraulic assembly of its second of three Seafloor Production Tools, the Collecting Machine, has been completed at Soil Machine Dynamics’ facility at Newcastle upon Tyne, UK and the commissioning of the Collecting Machine systems has now started. Nautilus’ CEO, Mike Johnston said: “Having already completed the […]