Search results for: Nautilus Minerals

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  • 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 […]

  • 6 September 2011
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc has granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration for 2011. The options and loan shares were granted under the Company’s Stock Option Plan and Share Loan Plan which were approved by shareholders and limit the total number of shares under the two plans 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 […]

  • 29 May 2012
    Business & Finance, Operations & Maintenance

    Papua New Guinea’s next government has been asked to dismiss the Nautilus Deep Sea mining project, reports Radio Australia. According to Wenceslaus Magun, the national coordinator of the environmental group Mas Kagin Tapani Association, nearly every mining project in PNG has been an “environmental disaster”. Because of the poor infrastructure and weak legislative controls, this […]

  • 10 January 2013
    Business & Finance

    Robbert Gooden the former chief scientific advisor to Nautilus minerals has joined Michael Bailey and his family office solely controlled by him in the commencement of a tender offer for all outstanding shares of common stock of Nautilus Minerals Ltd. for $0.97 per share, net to the seller in cash. Mr. Gooden is currently the […]

  • 19 March 2012
    Business & Finance, Equipment, Operations & Maintenance

    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 […]

  • 7 October 2011
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc has received gross proceeds of C$27.6 million from the issue of the second tranche of shares forming the final part of the private placement announced in August. A total of 10,940,004 shares was issued today in the second tranche at the issue price of C$2.52 per share. The shares formed part of […]

  • 26 November 2014
    Project & Tenders

    Marine Assets Corporation (MAC) enters into Ship Building Contract with Fujian Mawei Shipbuilding for the lump sum turn key Construction of the Nautilus Minerals Seafloor production mining vessel. On 25 November 2014, a signing ceremony was held at Mawei’s shipyard for the execution of the shipbuilding contract for the Nautilus Minerals Seafloor production mining vessel. The signing […]

  • 23 February 2012
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc confirms it has received formal notification that Teck Resources Limited has elected not to participate in exploration activities in Fijian waters under a regional area of interest agreement signed in December 2007. In August 2011 Nautilus became the first private sector organisation to be granted offshore exploration licences in Fiji covering a […]

  • 27 August 2012
    Business & Finance, Operations & Maintenance

    An official from Nautilus Minerals has stated that the company is committed to an open and transparent approach to its Solwara 1 deep sea mining project in Papua New Guinea. According to Radio New Zealand International, this Canadian-based company has a twenty-year license to mine the Bismarck Sea for copper and gold. This is the […]

  • 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. […]

  • 19 June 2012
    Business & Finance

    Nautilus Minerals Inc. announces that a number of meetings have taken place with the Independent State of Papua New Guinea (the State) over the last two weeks aimed at resolving the parties’ dispute relating to the Company’s Solwara 1 project and discussions will continue until a conclusion is reached. On June 1, 2012 the Company […]

  • 18 May 2011
    Business & Finance, Operations & Maintenance

    Nautilus Minerals has completed its 2010/11 seafloor drilling program, with the vessel, REM Etive, having demobilized in Singapore on May 16, 2011. During the drilling program in the Bismarck Sea of Papua New Guinea, Nautilus completed a 99 hole diamond drilling project, for a total of 1475 metres. Drilling was focused within the area of […]

  • 3 October 2018
    Business & Finance, Operations & Maintenance

    Nautilus Minerals has entered into a financial advisory services agreement with Metals Logistics Investments and Eight Capital. MLI is a Dubai-registered advisory firm focusing on companies in the resource sector with professionals in the UK, Switzerland and the US. MLI is advising Nautilus on alternative funding solutions. Eight Capital, a Canadian principal-owned investment banking firm […]

  • 18 May 2011
    Business & Finance

    Nautilus Minerals has completed its 2010/11 seafloor drilling program, with the vessel, REM Etive, having demobilized in Singapore on May 16, 2011. During the drilling program in the Bismarck Sea of Papua New Guinea, Nautilus completed a 99 hole diamond drilling project, for a total of 1475 metres. Drilling was focused within the area of […]

  • 21 March 2013
    Business & Finance, Research & Development

    Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces that it has filed on SEDAR an updated technical report in respect of the Clarion Clipperton Zone Project being undertaken by its wholly owned subsidiary Tonga Offshore Mining Limited, entitled “Updated NI 43-101 Technical Report, Clarion-Clipperton Zone Project, Pacific Ocean”. The updated report provides additional information on […]

  • 2 November 2012
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc. (the “Company” or “Nautilus Minerals”) announces the discovery of two (2), high grade, Seafloor Massive Sulfide (“SMS”) systems on its wholly owned exploration tenements in the territorial waters of the Kingdom of Tonga (“Tonga”). Grab samples from these discoveries assayed up to 11.9% copper, 59.8% zinc, 28.6 g/t gold and 673 g/t […]

  • 15 April 2013
    Business & Finance, Operations & Maintenance

    The Secretariat of the International Seabed Authority has received a proposal from Nautilus Minerals Inc., (‘Nautilus’) a company incorporated in Canada, to enter into negotiations to form a joint venture with the Enterprise for the purpose of developing eight of the reserved area blocks in the Clarion Clipperton Zone (CCZ). The terms of the proposal […]

  • 18 September 2014
    Business & Finance, Equipment, Project & Tenders, Technology

    Secretary-General Nii Odunton accompanied by his Deputy and Legal Counsel, Michael Lodge, had the opportunity to visit the Soil Machine Dynamics (SMD) facility in Newcastle upon Tyne on 4 September 2014, to get a look at Nautilus Minerals’ Polymetallic Sulphides Mining Technology. The newly assembled Auxiliary Cutter (AC), is the third and final seafloor production […]

  • 25 September 2013
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces changes to its board of directors with the appointment of Usama Barwani and Mark Horn and the resignation of Matthew Hammond. Geoffrey Loudon, Nautilus Minerals’ Chairman said “I would like to thank Matthew for his valuable contribution to the Company over the past four years and wish […]

  • 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 […]

  • 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 […]