Teck Cominco has begun the second phase of Nautilus Minerals' 2008 $12-million offshore exploration program with the vessel DEA Surveyor departing Singapore for a 150-day survey of PNG and Tonga tenements.
Teck Cominco completed phase one of its $12-million 2008 offshore exploration program over Nautilus Minerals' tenements in Papua New Guinea and Tonga on May 6, 2008.
Neptune Minerals received a final engineering scoping study from Genesis-Technip confirming favourable economics for seafloor massive sulphide mining offshore New Zealand, targeting pilot mining by 2010.
Nautilus Minerals Inc. has signed a contract with Canyon Offshore Inc. to supply a vessel, ROV and drilling equipment for 2008 exploration programs in Papua New Guinea and Tonga.