Toronto Ontario, July 24, 2017. Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that, pursuant to its subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the “Investors”) dated August 21, 2016, as amended (the “Subscription Agreement”), the Company has delivered a financing notice dated July […]
Read More
Exploring some of the world’s most remote ocean regions is no small task, especially when the mission includes investigation of benthic habitats and features on the forefront of interest to the deep seabed mining industry. Yet a slurry of such expeditions has recently been undertaken, launching headlines around the world and contributing to our scientific […]
Read More
Last July, the International Seabed Authority (ISA) met for its 22nd Session in Kingston, Jamaica and elected Michael W. Lodge of the United Kingdom as the new Secretary General of the Authority. Secretary-General Lodge began work on his 4-year term on 1 January 2017 and succeeds Mr. Nii Allotey Odunton of Ghana, who had been […]
Read More
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 […]
Read More
As the International Seabed Authority (ISA) gets ready to begin its 23rd Annual Meeting this August in Kingston, it’s a noteworthy reflection point to consider the progressing state of the “Mining Code”. “Mining Code” is the term used by the ISA to describe the entire body of rules, regulations and procedures that will regulate prospecting, […]
Read More
The development of Financial Regulations to address the benefit sharing aspects of the Mining Code has recently moved to the forefront of ISA business. Per International Seabed Authority (ISA) Assembly agreement, the whole of the Mining Code cannot go into force without a financial regime in place. In short, this means mining operations cannot begin […]
Read More
WASHINGTON, July 18, 2017 – A new report released today by the World Bank highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals. Using wind, solar, and energy storage batteries as key examples of low-carbon or “green” energy technologies, the report, “The […]
Read More
JHIMLI MUKHERJEE PANDEY on THE TIMES OF INDIA | 17 July 2017 “Kolkata: Scientists from the Geological Survey of India (GSI) have discovered the presence of millions of tonnes of precious metals and minerals deep under the waters that surround peninsular India. The vast repository and the prospect of finding huge amounts of previously untapped […]
Read More
KYLE FRISCHKORN on SMITHSONIAN.COM | 13 July 2017 “In June, an international team of oceanographers launched the first effort to create a comprehensive map of all the world’s oceans. To map some 140 million square miles of sea floor, the Seabed 2030 project is currently recruiting around 100 ships that will circumscribe the globe for 13 years. The team, united under the […]
Read More
ROGER HARRABIN on BBC NEWS | 12 July 2017 “A report to a UN ocean conference in New York points out that more than 60% of the ocean has no conservation rules as it’s outside national jurisdiction. It says the open ocean is at risk from climate change, over-fishing, deep sea mining, farm pollution and […]
Read More