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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

Government has paid $113-million into escrow, representing the balance of the State’s 15% share of capital required to complete the Solwara 1 offshore project up to first production.
16th May 2014
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

Nautilus Minerals has raised $40-million through a share placement to continue the development of the Solwara 1 seafloor project.
28th June 2013
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

Nautilus Minerals has put its plans to be the first seafloor copper/gold miner off the coast of Papua New Guinea on hold.
7th December 2012
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

Nautilus Minerals has filed a notice of arbitration in the dispute between itself and the government of Papua New Guinea.
29th June 2012
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

Nautilus has signed an offtake agreement with Chinese firm Tongling Nonferrous Metals for the product extracted from its Solwara 1 project.
26th April 2012
 
MARINE MINING

Nautilus seals offtake deal for Solwara 1 deposit

Marine miner Nautilus Minerals has signed an offtake agreement with Chinese firm Tongling Nonferrous Metals for the product extracted from its Solwara 1 copper/gold deposit, off the coast of Papua New Guinea. "We have now closed the value chain...
23rd April 2012
 
SEAFLOOR MINING

Nautilus eyes up to $100m in funding requirements

While Nautilus Minerals, aiming to become the first deep-sea metals producer by the end of next year, still needs to raise $90-million to $100-million to fully fund the project, it has about two years to do so, CEO Steve Rogers said on Thursday....
9th March 2012
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

Nautilus Minerals has reported that positive drill results have allowed it to raise its resource estimate at its Solwara 1 copper/gold project.
2nd December 2011
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

The Solwara 1 project, off the coast of Papua New Guinea, is on track to start production by the end of 2013.
18th November 2011
 
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Solwara 1 seafloor copper/gold project, Papua New Guinea Restricted

The Solwara project awaits a final sanction by the Nautilus Minerals board of directors.
17th June 2011
 
COPPER & GOLD

PNG government will take 30% of Nautilus project

The government of Papua New Guinea will exercise its right to a 30% stake in Nautilus Minerals' Solwara 1 undersea copper/gold project, the company said on Monday. Nautilus will keep a 70% in a joint venture that will be set up with the...
14th March 2011
 
COPPER

Nautilus says it's found a second high-grade undersea copper deposit

Nautilus Minerals, which was awarded the world's first deep-sea mining lease last month by the government of Papua New Guinea, said on Friday it has identified a second potential development project in the Bismarck sea. “A deepwater exploration...
11th February 2011
 
 
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