Nautilus Minerals

Nautilus Minerals awarded Rolls Royce Marine of Norway the contract for engines and thruster packages on its production support vessel being built by Fujian Mawei Shipbuilding.

Nautilus Minerals paid a $10-million (U.S.) vessel charter deposit to a fraudulent bank account after a December 2014 cyberattack targeting the company and Marine Assets Corp.

Nautilus Minerals has completed mechanical and hydraulic assembly of its collecting machine and begun systems commissioning at Soil Machine Dynamics' Newcastle upon Tyne facility.

Nautilus Minerals received $113 million (U.S.) from escrow as its joint venture with Papua New Guinea's nominee for the Solwara 1 project was formed.

The $113-million (U.S.) held in escrow since May 2014 will be released to Nautilus Minerals on Dec. 11, 2014 upon completion of its agreement with PNG's state nominee.

Nautilus Minerals reported Q3 2014 results, including a new vessel charter, satisfaction of an IP condition with PNG's nominee, and $29.2-million (U.S.) in cash as at Sept. 30, 2014.

Nautilus Minerals has chartered a support vessel from Marine Assets Corp for use at the Solwara 1 seafloor copper-gold project in Papua New Guinea.

Nautilus Minerals has satisfied the first of two conditions precedent to release $113-million (U.S.) held in escrow by Papua New Guinea's state nominee for the Solwara 1 project.

Nautilus Minerals reported unaudited Q2 2014 results, including resolution of its Papua New Guinea dispute and $36.5-million in cash as at June 30, 2014.

Nautilus Minerals held its AGM in Toronto with 58.3 per cent of issued shares represented, and shareholders approved all resolutions.