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From the Editor: Following up with Nautilus Minerals and the release of the draft mining code.

The slow decline of Nautilus Minerals continues without much change. I reached out to several contacts both at Nautilus’s corporate offices and to colleagues within Papua New Guinea. Since last month, most of the board of directors and the current CEO have resigned, Nautilus was delisted from the Toronto stock exchange, and previously responsive sources […]

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Barnacles attached to hydrothermal vent spires feeding at Kawio Barat. Critics of the Solwara 1 project raised concerns about its potential impact on the ecosystems that center on hydrothermal vents. Image courtesy of NOAA Okeanos Explorer Program, INDEX-SATAL 2010

After the loss of a ship, deep sea mining plans for PNG founder

David Hutt for Monga Bay | 26 December 2018 An ambitious plan to mine precious minerals from the ocean floor off the coast of Papua New Guinea looks to have run aground due to the developer’s financial problems. In 2011, the government of Papua New Guinea granted Canada-based Nautilus Minerals a 20-year mining license covering […]

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Nautilus Announces Preliminary Economic Assessment Nautilus Appoints Chief Operating Officer Nautilus Minerals Officer Update bridge loans Nautilus receives additional bridge loans

Nautilus receives additional bridge loans

Download the Nautilus Minerals press release Toronto Ontario, March 5, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company ” or “Nautilus”) announces that it continues to arrange bridge loans from Deep Sea Mining Finance Ltd. (the “Lender”), which are expected to form part of a larger secured structured credit facility of […]

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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 […]

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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 […]

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Nautilus Announces Preliminary Economic Assessment Nautilus Appoints Chief Operating Officer Nautilus Minerals Officer Update bridge loans Nautilus receives additional bridge loans

Nautilus Announces Preliminary Economic Assessment for its Solwara 1 Project

Download the Nautilus Minerals Press Release Toronto  Ontario, February 27, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) prepared by AMC Consultants Pty Ltd (“AMC”), contained in an independent National Instrument 43-101 (“NI 43-101”) technical report, for […]

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NGO fights mining plan on seabed

NGO fights mining plan on seabed

LEMACH LAVARI on PAPUA NEW GUINEA MINE WATCH | 27 February 2018 “The Mineral Resources Authority (MRA) has received an objection by a non-governmental organisation representing impacted communities of the seabed mining project. The Alliance of Solwara Warriors represents impacted communities from New Ireland, East New Britain, Madang, Manus and Milne Bay. Spokesman Jonathan Mesulam […]

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Nautilus vessel construction surpasses 75% Big Month at Nautilus

Nautilus vessel construction surpasses 75%

Read the Nautilus Minerals press release Toronto Ontario, February 20, 2018- Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) is pleased to provide an update on the status of construction of its Production Support Vessel and associated equipment, to be used by Nautilus and its partner, Eda Kopa (Solwara) Limited at […]

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The secret on the ocean floor

The Secret on the Ocean Floor

DAVID SHUKMAN on BBC NEWS  | 19 February 2018 We’ve drilled the ocean floor for oil and gas, scarred it with trenches for communications cables, poisoned it with old radioactive waste and chemical weapons, and polluted its remotest corners with a blizzard of discarded plastic. So, is mining a step too far? I put that […]

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Nautilus Completes Successful Trials in PNG Big Month at Nautilus

Nautilus Completes Successful Trials in PNG

Download the Nautilus Minerals press release Toronto Ontario, February 12, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) is pleased to announce that is has successfully completed the submerged trials for its Seafloor Production Tools in Papua New Guinea. Mike Johnston, Nautilus’ CEO commented “The overarching objective of the […]

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