Canadian Mining Journal

News

GOLD-COPPER DEVELOPMENT – Nautilus raises additional $100M for seafloor mining

PAPUA NEW GUINEA - Vancouver's NAUTILUS MINERALS has successfully raised another US$100 million for development of...



PAPUA NEW GUINEA – Vancouver’s NAUTILUS MINERALS has successfully raised another US$100 million for development of its massive sulphide deposits on the seafloor. The company also raised over US$99 million late last year, and it has US$111 million in its treasury with which to bring the Solawara 1 project to production.

Nautilus will use its money to complete the detailed design and construction of sub-sea mining equipment including two mechanical miners, power umbilicals, pumps, a 1,800-m riser pipe, and related handling equipment. The company has also embarked on its baseline environmental studies for the project.

Learn more at www.NautilusMinerals.com.


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*