Nautilus Minerals Inc.: Solwara 1 Development Project Update
Nautilus Minerals said operating costs for the Solwara 1 offshore production system are expected to range from $50 to $65 per tonne as cost-reduction and permitting work continues.
Afri-can Marine Minerals: Progress on Diamond Sampling Vessel
Afri-Can Marine Minerals says IMDH's diamond sampling vessel MV DP the Explorer is nearing completion of equipment installation, with block J sampling in Namibia expected in Q3 2009.
Nautilus Minerals Inc.: Drilling Discovers New High Grade Zones Near Solwara 1 Resource
Nautilus Minerals discovered a new high-grade base and precious metal zone about 250 metres north of its Solwara 1 resource in Papua New Guinea's territorial waters.
Nautilus Minerals Inc.: Financial Results for First Quarter 2009
Nautilus Minerals reported unaudited first-quarter 2009 results, holding $215.3-million (U.S.) in cash as of March 31, 2009.
Afri-can Marine Minerals Will Close a Private Placement
Afri-Can Marine Minerals Corp. will close a fully subscribed non-brokered private placement of $350,000, first filed April 8, 2009, subject to regulatory approval.
Nautilus: Mining Warden’s Hearing Completed
Nautilus Minerals said the mining warden's hearing for the Solwara 1 mining lease was successfully completed on April 2, 2009, in Kavieng, Papua New Guinea.
Afri-can Marine Minerals: Diamond Sampling Vessel Arrives in Cape Town
Afri-Can Marine Minerals' contracted sampling vessel MV DP the Explorer arrived in Cape Town, South Africa, on March 16, 2009.
Nautilus Minerals clarifies currency of cash
Nautilus Minerals Inc. clarified that the $231.2-million in cash and cash equivalents it held with major banks as of Dec. 31, 2008, is denominated in U.S. dollars.
Afri-can Marine Minerals Closes a Private Placement
Afri-Can Marine Minerals closed a non-brokered private placement raising $200,000 through the sale of 2.5 million units at eight cents per unit.
Nautilus Ends 2008 with $231 Million in Cash
Nautilus Minerals reported audited 2008 results showing $231.2 million in cash and cash equivalents held on deposit as at Dec. 31, 2008.