Archives

Big Month at Nautilus

Big Month at Nautilus

F ebruary 2018 was a gold star month for Nautilus Minerals, with significant advances made on seafloor production tool operations, vessel construction and both financial and organizational stability.  The month’s progress renews confidence that the controversial Solwara 1 deep sea mining project in Papua New Guinea’s Bismarck Sea remains viable and on track for projected […]

Read More
Nautilus Granted New Explorati on License; Includes New Targets Seabed exploration maps

Nautilus Reveals New Seabed Exploration Maps

Deep sea mining company Nautilus Minerals announced on 9 Feb 2018 that the government of Papua New Guinea has granted them a two year Exploration License to conduct exploration activities on a 2,558km2 area within the southeast Bismarck Sea.  Along with the announcement, Nautilus revealed two new seabed exploration maps detailing seabed features and the […]

Read More
Nautilus

Nautilus: Good News / Bad News

Nautilus Minerals is advancing its equipment-testing at the same time as financial and management shortfalls prompt worries about the firm’s longevity. Submerged trials for Nautilus’ Seafloor Production Tools (SPTs) began in Papua New Guinea during the latter part of 2017 and are now nearing completion. Trials on the Collecting Machine and Auxiliary Cutter were completed […]

Read More
Blue Growth

New Book Features Seabed Mining Among EU “Blue Growth” Industries

River Publishers has released Building Industries at Sea: ‘Blue Growth’ and the New Maritime Economy.   The book highlights four promising areas of activity identified by the European Union for their ‘Blue Growth’ potentials. The chosen sectors are Aquaculture; Renewable Energy (offshore wind, wave and tide); Seabed Mining; and Biotechnology.  Each area has experienced a rise […]

Read More
Challenges at Nautilus

Challenges at Nautilus Continue

A series of internal and external pressures have been plaguing the Canadian deep sea mining firm Nautilus Minerals for months with no clear resolution in sight.  The challenges facing Nautilus are hindering efforts to move forward on the Company’s flagship effort, the controversial Solwara One seabed mining project in Papua New Guinea’s Bismarck Sea.  DSM […]

Read More
ore sorting

New Mineral-Sensing Technology Accelerates Ore Sorting

A new technology may accelerate ore sorting by illuminating batches of ore with short pulses of radio waves, assessing ore grade and enabling high tonnage sorting at rates of up to 5,000 tons per hour.  The technology uses sensors to sees through large ore batches in real time as they pass through an open-ended chamber. […]

Read More
cobalt

Cobalt on the Rise

Interest in deep sea mining has been accelerating due to the rising price of cobalt. The metal is an important component of EV batteries, laptops and cell phones. In October 2017, cobalt prices reached a nine-year high, trading at around US$30 per pound, tripling its 2015 value of US$10.   The rise is not only seen […]

Read More
Cook Islands

Cook Islands Partners to Explore Pacific Bounty

The government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), entered into an agreement in September with U.S. based Ocean Minerals, LLC (OML) for the exclusive right for up to 18 months to prospect and explore high value polymetallic nodules over approximately 23,000 square kilometers of the Cook Islands Exclusive Economic Zone […]

Read More
Nautilus Minerals under pressure

Nautilus Minerals Under Pressure

The past month has been anything but quiet over at Nautilus Minerals.  Changes in leadership, transparent financial stress and mobilized on-the-ground opposition have clashed with marked advances in technology and production timelines on the controversial Solwara One deep sea mining project in Papua New Guinea. A positive 2017 second quarter left shareholders happy and Nautilus […]

Read More