Search results for: Mineral

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  • 19 June 2009

    CMB confirms that Bocimar International has sold the Capesize unit Mineral Libin (2006 – 173,999 dwt). The net sale price amounts to USD 53 million. The delivery of the vessel is scheduled between August 2009 and April 2010. The capital loss of approximately USD 2 million that will be realised on this sale will be […]

  • 19 November 2014
    Business & Finance

    The Australian Marine Conservation Society (AMCS) has condemned as a totally unacceptable reported plans by Premier Newman to pay for unneeded assets that will damage the Great Barrier Reef. The Newman Government is expected to announce that they will spend hundreds of millions of dollars to assist in the construction of the rail line for […]

  • 13 July 2009

    CMB confirms that Bocimar International has sold the Capesize vessel Mineral London (2006-173,949 dwt). The net sale price amounts to USD 60.2 million. At the time of delivery of the vessel, scheduled to take place in the course of the fourth quarter 2009, a capital gain of approximately USD 5.7 million will be realised.

  • 6 April 2012
    Business & Finance, Operations & Maintenance

    The Director of Fiji’s Mineral Resources Department, Mr. Malakai Finau told participants in a one day Fiji National Deep Sea Mineral Consultation Workshop held in Suva recently that “with deep sea mineral exploration being granted within the Fiji waters it is important to proceed with caution, to strike a balance between economic development and the […]

  • 12 March 2013
    Business & Finance, Research & Development

    The Pacific Islands need to protect their deep sea minerals, Tonga’s Deputy Prime Minister Hon. Samiu Vaipulu told a Pacific-ACP States Regional Workshop on Deep Sea Minerals Law and Contract Negotiations that opened at the Fa’onelua Convention Centre, in Nuku’alofa on March 11. Representatives of 15 Pacific States were attending the week-long workshop. Mike Petterson […]

  • 9 April 2009

    CMB confirms that Bocimar International has sold the Capesize vessel Mineral Viking (2001- 172,964 dwt). The net sale price amounts to USD 42 million. At the time of delivery of the vessel, scheduled to take place at the end of April 2009, a capital gain of approximately USD 15.6 million will be realised.

  • 30 June 2016
    Business & Finance, Operations & Maintenance, Research & Development

    Financial and Environmental Management frameworks have been released with aim to build knowledge of deep sea minerals and their governance, and support informed decision-making by Pacific Island countries. They are the latest information resources developed for stakeholders interested in this sector through the European Union-supported Deep Sea Minerals Project, implemented by the Pacific Community (SPC). The […]

  • 14 February 2012
    Business & Finance, Operations & Maintenance, Research & Development

    With the International Seabed Authority (ISA) granting Nauru Ocean Resources Incorporation (NORI), a Nauru registered exploration company, the right to explore for deep seabed minerals in the International Seabed Area (known as “the Area”), the country becomes the first Pacific Island nation to have secured such a licence. With limited seabed mineral resources inside its […]

  • 2 September 2014
    Research & Development

    The Kingdom of Tonga this month became the first country in the world to put in place a law that manages seabed mineral activities within its national marine space and under its sponsorship in international waters. Tonga’s Seabed Minerals Act 2014 was prepared with the assistance of the Deep Sea Minerals Project a partnership between […]

  • 17 September 2012
    Business & Finance, Research & Development

    EU-funded, SPC Deep Sea Minerals (DSM) Project recently held a deep-sea minerals training workshop in Nadi, Fiji. According to, the workshop addressed the issues associated with deep-sea minerals and mining. Among the attendees were numerous scientists from the United States, Korea, Australia, Belgium, New Zealand, SPREP and SPC. The workshop provided the participants with […]

  • 22 February 2012
    Business & Finance, Research & Development

    The head of the Secretariat of the Pacific Community claims deep sea minerals will become an increasingly important asset to a region beset by challenges. SPC developed a legislative framework on deep sea mining, designed to be used as a manual for Pacific countries with sea floor mineral resources. Those who would likely become affected […]

  • 21 December 2011

    Kenmare Resources has placed a multi-million rand order with Weir Minerals Africa for 32 pumps for the expansion of its Moma Titanium Minerals Mine in northern Mozambique. This is Weir Minerals Africa’s largest ever pump order since it merged with the CH Warman pump group in 2008. The original processing plant, which was fitted with […]

  • 5 October 2017
    Business & Finance

    Nautilus Minerals informed that Mark P. M. Horn has resigned as a director of the company. Mark P. M. Horn has advised the company that he will lead Deep Sea Mining Finance (DSMF), a recently formed joint-venture between the two major shareholders of Nautilus, Metalloinvest Holding (Cyprus) and MB Holding Company. DSMF and Nautilus are in discussions concerning […]

  • 27 April 2015
    Business & Finance, Operations & Maintenance, Research & Development

    The Republic of the Marshall Islands (RMI), with the assistance of the Secretariat of the Pacific Community(SPC)–European Union (EU) Deep Sea Minerals Project, has started public consultations on deep sea minerals. These consultations are with a particular emphasis on the draft national Deep Sea Minerals Policy and Seabed Management Bill, which will be submitted to the […]

  • 12 September 2017
    Business & Finance

    On the Western coast of South Africa, high grade heavy mineral sediment layers are found on the seashores. Located just below a layer of fairly standard quartz sand, this heavy mineral sand can be mined. The material, which is also called HMS, has a relatively high specific gravity of 2.8T.m3 in situ. Until recently, the […]

  • 30 December 2011
    Business & Finance, Research & Development

    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 […]

  • 29 March 2018
    Business & Finance, Vessels

    Nautilus Minerals’ Production Support Vessel (PSV) was launched today at the Mawei shipyard in China, the company said in its latest release.  The vessel will be used by Nautilus and its partner, Eda Kopa (Solwara) Limited at the Solwara 1 project site, in the Bismarck Sea off Papua New Guinea. Mike Johnston, Nautilus’ CEO, said: […]

  • 18 December 2018
    Research & Development

    A new project has been announced to reduce the potential environmental impact of future mining by making exploration for deep-seafloor mineral deposits much more effective. ‘Project ULTRA’ has been funded by the Natural Environmental Research Council (NERC), and will be led by Professor Bramley Murton at the National Oceanography Centre (NOC). Deep-seafloor mineral deposits can […]

  • 2 November 2015
    Business & Finance, Equipment, Technology

    Royal IHC has expanded its activities with the acquisition of Robbins Technology Group (RTG) in Brisbane, Australia, and Fraser Hydraulic Power (FHP) in the UK. With these latest acquisitions, IHC has expanded its offshore rental fleet and gained a stronger foothold in the mining market respectively. Bram Roelse, IHC’s CEO, said: “These acquisitions, both effective […]

  • 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 […]

  • 5 February 2016
    Equipment, Operations & Maintenance

    GE Oil & Gas has informed Nautilus Minerals that the factory acceptance testing (FAT) on the subsea slurry and lift pump (SSLP) for the Solwara 1 mining project has started. The company is conducting the test on behalf of Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) at its facility in […]

  • 6 February 2013
    Business & Finance, Operations & Maintenance

    Opponents of the Marine Minerals Limited planned mining project on the north Cornish coastline expressed their worries about the impact of the project on the local ecosystem, BBC informs. The company has already submitted a plan to begin the process of collecting tin from the seabed from St Ives to Perranporth. According to BBC, Mr. […]