Search results for: Seafloor Mining

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A list of search results

  • 3 March 2020
    Equipment

    Allseas has acquired the former 228 meters long ultra-deepwater drillship Vitoria 10000 for conversion to a polymetallic nodule collection vessel. In partnership with DeepGreen Metals, Allseas is developing a deep-sea mineral collection system to recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore. The nodules contain high grades […]

  • 15 September 2016
    Business & Finance, Operations & Maintenance

    Dubai-based Marine Assets Corporation (MAC) is moving forward with the construction of its 227 meters long production support vessel (PSV) at Fujian Mawei Shipbuilding in China. The vessel is to be used by the Toronto-based underwater mineral exploration company, Nautilus Minerals and its PNG partner, Eda Kopa (Solwara) Limited, as the base for its seafloor operations […]

  • 9 May 2017
    Business & Finance, Equipment

    The launch and recovery system (LARS) equipment for the Nautilus Minerals’ production support vessel has arrived at the Mawei shipyard in China, Toronto-based underwater mineral exploration company informed on Tuesday. The LARS, built by AxTech on behalf of Soil Machine Dynamics (SMD), consists of A-frames, lift winches, hydraulic power units, electric power units and deck control cabins. […]

  • 11 June 2019
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    DeepGreen Metals and Allseas Group have formed a strategic partnership, bringing DeepGreen’s expertise in exploring for high-grade metals obtained from seafloor polymetallic nodule deposits together with Allseas’ offshore engineering capabilities. DeepGreen recently engaged Macquarie Capital and Fearnley Securities to co-lead a USD $150m investment round in order to finance the company through feasibility studies, targeted […]

  • 3 June 2007

    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 […]

  • 6 October 2016

    Nautilus Minerals informed that the Production Support Vessel (PSV) was floated in the Fujian Mawei Shipyard dry dock last week to allow the launch of two adjacent vessels. The steel cutting ceremony for the PSV took place on September 25, 2015. The vessel is to be used by the Nautilus Minerals and its PNG partner, […]

  • 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 […]

  • 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. […]

  • 29 March 2019
    Business & Finance

    Nautilus Minerals common shares will be delisted from Toronto Stock Exchange (TSX) effective at the close of market on April 3, 2019. The Toronto-based underwater mineral exploration company was unsuccessful to appeal the initial decision by TSX to delist its shares. Nautilus’ common shares will continue to be suspended from trading on TSX until the […]

  • 5 February 2016
    Research & Development

    An European consortium has launched a new Horizon 2020 project, Blue Nodules, on February 01, 2016. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. The technical side of the project is dedicated to subsea harvesting equipment in addition to the in-situ seafloor […]

  • 29 March 2018
    Equipment

    Nautilus Minerals’ production support vessel was launched at the Mawei shipyard in China on Thursday. 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, “Today’s launch is a significant milestone for […]

  • 9 March 2012
    Business & Finance, Operations & Maintenance, Research & Development

    A region’s peak environment organization has stated that companies interested in exploring or mining the Pacific seafloor should be required to invest in protecting the underwater environment. David Sheppard, Director General of SPREP, the Secretariat of the Pacific Regional Environment Program stressed that it is important to identify and protect marine ecosystems. Radio Australia quoted […]

  • 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 […]

  • 3 September 2015
    Equipment, Project & Tenders

    Nautilus Minerals and Tree C Technology B.V. have signed a contract for the supply of a Simulator and a Mining Site Monitoring System for the world’s first Seafloor Production System. Delivery is scheduled for the first half of 2017. The simulator will facilitate the training of the operators of the three Seafloor Production Tools (SPTs). […]

  • 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 […]

  • 17 October 2017
    Operations & Maintenance

    Nautilus Minerals said it has completed submerged trials for the first of the seafloor production tools (SPTs) set for the Solwara 1 project located in the Bismarck Sea of Papua New Guinea (PNG). The trials of the collecting machine (CM) have been completed at the trial facility in Motukea Island, Port Moresby, PNG. The results of trials indicate that […]

  • 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: […]

  • 8 March 2020
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (March 02 – March 08). Subsea 7 Wins Barossa SURF Scope Allseas Transforming Drillship to Seafloor Mining Vessel Murphy Hires Subsea 7 for Work in Gulf of Mexico Barossa Subsea Contracts for Aker Solutions and NOV Prysmian Cables […]

  • 11 December 2014
    Business & Finance, Operations & Maintenance

    Nautilus Minerals announced that the sum of US$113 million has today been released from escrow to Nautilus. In addition, the joint venture between Nautilus and the nominee of the Independent State of Papua New Guinea in respect of the Solwara 1 Project has now been formed. Under the terms of the agreement between the parties, […]

  • 9 February 2018
    Business & Finance, Operations & Maintenance

    Nautilus Minerals has been granted a two-year exploration license by the Government of Papua New Guinea which will allow the company to conduct exploration activities on this area within the southeast Bismarck Sea. The Exploration License EL2537 covers 2,558 km2, including the same prospective geology that hosts Nautilus’ Solwara 1 deposit. The area was selected […]

  • 4 February 2015
    Business & Finance

    Nautilus Minerals Inc and Marine Assets Corporation (MAC) have fallen victims to a cyber attack by an unknown third party, who took USD 10 million worth vessel deposit from what was believed to be MAC’s account, Nautilus said. The amount was intended to serve as part of a charterer’s guarantee worth USD 18 million for a newbuild vessel. […]

  • 15 June 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (June 10 – June 16). Subsea 7 Lands Equinor Contract for Johan Sverdrup Phase 2 BP and Reliance Authorize Third Stage of KG D6 Gas Fields Project C-Innovation Wins BP Gulf of Mexico Job Shawcor Bags $49M in […]