Search results for: nautilus

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  • 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. […]

  • 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 […]

  • 4 June 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Nautilus Minerals advises that it is in dispute with the Independent State of Papua New Guinea (the State) as to the parties’ obligations to complete the Agreement entered into on 29 March 2011. Nautilus has initiated the dispute resolution process provided for in the Agreement, which may lead to a referral of the dispute to […]

  • 1 July 2020
    Collaboration, Infrastructure, IT & Software

    Nautilus Labs and Insatech Marine have announced a partnership to jointly deliver end-to-end instrumentation and data transmission that gives more shipping businesses access to Nautilus’ predictive decision support solution.

  • 3 December 2018
    Business & Finance, Operations & Maintenance

    Nautilus Minerals said it is currently negotiating the terms that would involve the creation of a new joint venture company (the “Vessel JV”). The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged to be procured through MAC Goliath and the integration […]

  • 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 […]

  • 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. […]

  • 17 February 2014
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc. (Nautilus) announces that contrary to the arbitrator’s award of 2 October 2013, the Independent State of Papua New Guinea has not completed the purchase of its 30% interest in the Solwara 1 Project. In accordance with the State Equity Option Agreement signed by the parties in March 2011, Nautilus has terminated the […]

  • 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 […]

  • 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 […]

  • 31 October 2012
    Business & Finance

    Mr Geoff Loudon, Chairman of Nautilus Minerals Inc. (the “Company” or “Nautilus”) announced that Mr Mike Johnston, Nautilus’ Vice President for Strategic Development and Exploration has accepted the position of interim President and CEO, effective immediately. After more than four years as President and CEO, Mr Rogers has decided to return interstate to be with […]

  • 13 November 2012
    Business & Finance, Equipment, Operations & Maintenance

    Nautilus Minerals Inc. announces it has decided to preserve its cash position by terminating the construction of the equipment for its Seafloor Production System. Nautilus announced on June 1, 2012 that it was in dispute with the Independent State of Papua New Guinea as to the parties’ obligations to complete the Agreement entered into in […]

  • 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 […]

  • 4 July 2018
    Business & Finance

    Fujian Mawei Shipbuilding has canceled the construction contract for the Nautilus Minerals’ Production Support Vessel, a part of the Nautilus’ Solwara 1 project located offshore Papua New Guinea. The contract was terminated due to MAC Goliath’s failure to pay the third installment of the contract price. MAC was hired by Nautilus to procure the construction of the PSV on […]

  • 20 June 2012
    Business & Finance, Operations & Maintenance

    Nautilus Minerals Inc. announces that the Independent State of Papua New Guinea has issued a Notice of Arbitration in relation to the dispute which has arisen under the Agreement between the parties dated 29 March 2011. Following the initiation of the dispute resolution process by the Company on June 1, 2012 and subsequent meetings between […]

  • 30 July 2019
    Business & Finance, Operations & Maintenance

    Toronto-based underwater mineral exploration company Nautilus Minerals has been authorized by the Supreme Court of British Columbia to enter into an acquisition agreement with Deep Sea Mining Finance. Under the agreement, Deep Sea Mining Finance should acquire certain subsidiaries of Nautilus and certain intercompany indebtedness. Nautilus has obtained a court order to file a plan […]

  • 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 […]

  • 3 April 2019
    Business & Finance

    Four of Nautilus Minerals’ five directors have resigned, the Toronto-based underwater mineral exploration company said on Wednesday. John McCoach has also resigned as the company’s chief executive officer. Tariq Al Barwani remains a director of Nautilus and has appointed the company’s CFO, Glenn Withers, as managing director of Nautilus. As previously disclosed, Nautilus will be […]

  • 23 March 2018
    Business & Finance, Operations & Maintenance

    Nautilus Minerals has appointed Jay Layman to the role of independent non-executive director. Nautilus’ chairman Tariq Al Barwani, commented: “It is a pleasure to welcome Jay to the Nautilus board of directors. Jay’s diverse background in successful project development, corporate development, finance, and innovation makes him well suited to the expanding Nautilus board.” The board […]

  • 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 […]

  • 9 December 2016
    Business & Finance

    Toronto-based underwater mineral exploration company Nautilus informed that it has accepted the resignation of Cynthia Thomas from its board, effective Wednesday, December 7, 2016. Thomas joined the board of Nautilus in June 2010. Following the resignation of Thomas the members of the company’s board of directors are as follows: Russell Debney (Chairman and Non-Executive Director); […]

  • 15 June 2011
    Business & Finance, Operations & Maintenance

      Nautilus Minerals Inc made significant progress in the development of its pioneering seafloor resource project at Solwara 1, in the Bismarck Sea of PNG, in the first quarter of 2011. The highlights of the quarter were as follows: *Mining Lease Granted. In January, the PNG Government granted Nautilus the first Mining Lease in the […]