CIVIL society organisations across Papua New Guinea have united in opposition to the New Ireland Provincial Government’s ...

Civil Society Organisations welcome the recent announcement by Prime Minister James Marape at the 3rd UN Ocean Conference in ...

Feature - Global efforts to halt deep sea mining are gaining momentum and Papua New Guinea is holding firm despite local ...

Nautilus Minerals Stock Down 16.7 % The company has a market cap of C$34.15 million and a P/E ratio of -2.78. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.02 and a quick ...

Nautilus Minerals, one of the world’s first seafloor miners, officially went bankrupt this week, its court-appointed monitor, Price Waterhouse Cooper reported. Nautilus filed for protection from ...

Struggling Nautilus Minerals, one of the world’s first companies to plan on mining the seafloor, will soon join a long list of companies that have failed at attempts to extract minerals in ...

In 2011, Nautilus Minerals was granted a license to mine precious minerals from the seabed off the coast of Papua New Guinea, the first project in the world to gain deep-sea mining rights.

Nautilus Minerals setup over 12 years ago with the goal of deep-sea mining. They built giant robotics machines and systems to mine metals such as gold, zinc and copper from the bottom of the ocean.

AFTER LISTING on the Toronto stock exchange in 2006 Nautilus Minerals became the public face of a daring new industry: deep-sea mining. It planned to pursue riches on the ocean floor, mining ...

Nautilus is also currently in discussions with Deep Sea Mining Finance to extend the maturity date of the existing secured loan facility provided by the lender, which is currently due on January 8 ...

Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver.

Nautilus Minerals is a Canadian company with an ambitious deep-sea mining plan, centered around high-tech underwater robots that wouldn’t look totally out of place in Star Wars.