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 […]
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Download the Nautilus Minerals press release Toronto Ontario, January 17, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company ” or “Nautilus“) announces that Mr Adam Wright, VP PNG Operations has resigned from the Company, effective 26th February 2018. Nautilus’ CEO Mike Johnston commented, “Over the past three and a half years, […]
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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 […]
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PNG POST-COURIER | 1 October 2017 “The issue of benefits has been one of the main concerns of the leaders of both New Ireland and East New Britain who were inolwara Port Moresby last week to witness the trials being conducted on the Nautilus Minerals Inc’s mining equipment . For the ENB delegation the issue […]
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PNG POST-COURIER | 29 September 2017 “With production set to commence in early 2019, the much debated Solwara One seafloor mining project is set to pave the way for what has already been described as the advent of a new era in the global mining industry. “Solwara One will be the first deep sea mine […]
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