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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 […]

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seabed mining ship

Contractor for seabed mining ship defaults on payment

DAVID FOXWELL on OFFSHORE SUPPORT JOURNAL | 13 Dec 2017 “MAC Goliath Pte Ltd, owner of the production support vessel that is being built for seabed mining outfit Nautilus Minerals, said MAC has failed to pay the third instalment due on the contract for the vessel. In a statement, Nautilus Minerals said it had been […]

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subsea mining vessel challenges at nautilus

Shipyard says subsea mining vessel buyer misses payment

MARINELOG | 12 December 2017 “A sub sea mining support vessel project has run into a problem. Vancouver, BC, headquartered Nautilus Minerals Inc., which plans to time charter the vessel for five years on its delivery, says it has been notified by China’s Fujian Mawei Shipbuilding that MAC Goliath Pte Ltd, the buyer of the […]

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shipyard notifies Nautilus

Shipyard notifies Nautilus of default by major contractor

Download Nautilus Minerals press release Toronto Ontario, December 11, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that Fujian Mawei Shipbuilding Ltd (the “Shipyard”), the owner of the shipyard where Nautilus’ Production Support Vessel (the “PSV”) is being built, has notified the Company that MAC Goliath Pte Ltd […]

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submerged trials deep sea mining

Nautilus Minerals Commence PNG Submerged Trials

At the recent Annual General Meeting of Nautilus Minerals Inc., Chairman Russell Debney, announced to gathered shareholders in Toronto that submerged trials for their completed Seafloor Production Tools (SPTs) had begun in Papua New Guinea (PNG).  This announcement came shortly after news that the Nautilus Launch and Recovery System (LARS) had arrived at the Mawei […]

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