Nautilus Minerals (NUS.T) has chartered a vessel for the Solwara 1 seafloor mining project in Papua New Guinea. This is a significant milestone for the company and will trigger the release of  $113 million in escrow from joint venture partner Eda Kopa (Papua New Guinea`s state nominee). The ship building will be completed by Fujian… Continue Reading

Nautilus Minerals (NUS.T) has ambitious plans to be the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted a mining license in January 2011 for the Solwara 1 prospect in the territorial waters of Papua New Guinea. In April, the government of Papua New Guinea agreed on terms to become… Continue Reading