Solwara 1

The writing is on the wall for Solwara 1 – PNG should withdraw

See original release from the Deep Sea Mining Campaign PAPUA NEW GUINEA | Amid financial strife and looming litigation, Sir Arnold Amet, former Papua New Guinean Attorney General and Minister for Justice advises the PNG Government to terminate its joint partnership agreement with Nautilus, recoup its 15% stake in the Solwara 1 deep sea mining […]

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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 provides funding update

Download Nautilus Minerals press release Toronto Ontario, January 11, 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 up to […]

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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 arranges bridge loans and signs new funding mandate

Download Nautilus Minerals press release Toronto Ontario, January 8, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that it has arranged to receive bridge loans from Deep Sea Mining Finance Ltd. (the “Lender“) and has also entered into a funding mandate agreement (the “Funding Mandate“) with M. Horn […]

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

Nautilus Chairman Resigns

Download Nautilus Minerals press release Toronto Ontario, December 27, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that Russell Debney has, effective December 27, 2017, resigned as Chairman and director of Nautilus and as director and officer, as applicable, of each of the Company’s operating subsidiaries. The Company […]

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gold miners

Deep-Sea Gold Miners Target PNG Coast

LUKE HUNT on THE DIPLOMAT | 26 December 2017 “Deep-sea mining is about to take an enormous step into the future. Off the coast of Papua New Guinea, in the Bismark Sea, the extraction of rich gold and copper deposits by a multinational group is promising high returns and they insist they are doing their […]

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Solwara 1

Communities demand information on deep sea mining

  Helen Rosenbaum, spokesperson for The Deep Sea Mining Campaign, speaks to Pacific Beat (ABC News Australia) on legal proceedings that have been launched in Papua New Guinea to obtain documents relating to the Solwara 1 undersea mining project off the coast of New Ireland. Read the full article on ABC News Australia

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PNG Deep sea Mining

New BBC Segment Spotlights PNG Deep Sea Mining

BBC News science editor David Shukman reports on the developing Nautilus Minerals deep sea mining project Solwara One, in Papua New Guinea’s Bismark Sea. “Plans for the world’s first deep sea mine are taking shape in the waters off Papua New Guinea. The ocean floor is rich in gold, copper and other minerals in big […]

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Solwara 1

Risky deep sea mining project just got a whole lot riskier!

See original release from the Deep Sea Mining Campaign Affected communities have launched legal proceedings in a bid to obtain key documents that would reveal to them and all Papua New Guineans whether the controversial “Solwara 1” deep sea mining project was approved lawfully.[1] Furthermore, due to deficiencies in the Solwara 1 Environmental Impact Statement, […]

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