Nautilus Minerals reported unaudited third-quarter 2008 results, including $266.6 million in cash and cash equivalents as at Sept. 30, 2008, and three new seafloor discoveries.
Anglo American's subsidiary will subscribe for 8,933,702 additional Nautilus Minerals shares, increasing its stake from 5.7 percent to 11.1 percent, raising about $12.4-million.
Nautilus Minerals confirmed Technip's fixed-price contracts for the Solwara 1 riser and lifting system at $116-million (U.S.), keeping first ore on track for Q4 2010.
IMDH says conversion of the chartered sampling vessel MV DP the Explorer is nearing completion and it will leave Singapore for Cape Town by mid-November.
Afri-Can Marine Minerals Corp. issued 300,000 shares to Vivian Stuart-Williams for geotechnical services on the Haib copper concession in Namibia rendered since 2004.
Nautilus Minerals says exploration partner Teck Cominco discovered four new high-grade seafloor massive sulphide systems on Nautilus's Tongan prospecting licences.
Nautilus Minerals discovered two new high-grade seafloor massive sulphide systems, Solwara 9a and 9b, within 1.5 kilometres of its Solwara 1 deposit in Papua New Guinea.