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Nautilus Minerals Inc News

03 Dec 2018

Nautilus Minerals to Acquire Production Support Vessel

The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third parties that would involve the creation of a new joint venture company - Vessel JV - to be owned by the third parties and Nautilus’ subsidiary, Nautilus Minerals Niugini Limited (NMN).The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged to be procured through MAC Goliath Pte Ltd (MAC) and the integration costs of installing the mining equipment on the PSV.The Vessel JV would own and operate the fully integrated PSV.

29 Jul 2015

Nautilus Awards Contract for Dewatering Plant Design

Image: Nautilus Minerals

Nautilus Minerals Inc. has awarded a contract for the design of the Solwara 1 dewatering plant to be used on the company’s production support vessel to the Brisbane office of engineering specialist DRA Group. Nautilus CEO, Mike Johnston, commented, "The project team has been working closely with DRA for several years on studies and early engineering. DRA has extensive experience with similar floating dewatering/mineral processing facilities in related offshore industries. DRA’s regional director…

20 Apr 2015

Siemens Wins Vessel Electrical Installation Contract

Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd., a wholly owned subsidiary of Siemens AG. Nautilus CEO, Mike Johnston, commented, “The electrical package marks the fourth major long lead time package to be awarded by the shipyard, Fujian Mawei Shipbuilding. We are especially pleased to be partnering with another world class, global company such as Siemens. Their involvement with our first seafloor production system, along with other industry heavyweights such as GE Oil and Gas, Sandvik, Soil Machine Dynamics, Rolls Royce, Bedeschi and McGregor highlights the quality of the system that we are building.

09 Apr 2015

Vessel Cranes Ordered for Nautilus Vessel

Image courtesy of Nautilus Minerals

An order for cranes to be used on Nautilus Minerals Inc.’s production support vessel has been awarded to MacGregor, headquarter in Kristiansand, Norway. The contract marks the third major long lead time equipment package to be awarded by the shipyard, Fujian Mawei Shipbuilding Limited. Nautilus' CEO Mike Johnston commented, "We are very pleased to have such a world class supplier providing key equipment for use on our Production Support Vessel. The cranes are an essential component in ensuring operations can be performed safely across all of our large working deck areas.

09 Feb 2015

Ship Engines, Thruster Packages Awarded

Nautilus Minerals Inc. announced that the order for the engines and thruster packages for the company’s production support vessel has been awarded to Rolls Royce Marine of Norway. The order, which secures the main engines, azimuth and tunnel thrusters, is the first major package to be awarded by the shipyard, Fujian Mawei Shipbuilding Limited. Nautilus announced last year it had entered into an agreement with Marine Assets Corporation (MAC), for the charter of a vessel to be first deployed for use at the Solwara 1 Project (Project) and that MAC had entered into a contract with Fujian Mawei Shipbuilding Ltd., to design and construct the vessel in accordance with Nautilus' specifications.

25 Jun 2014

SMD Begins Auxiliary Cutter Assembly

Auxilary Cutter (Credit Nautilus)

Nautilus Minerals Inc. will begin assembling its third and final Seafloor Production Tool (SPT), the Auxiliary Cutter (AC), this week at Soil Machine Dynamics’ (SMD) facility in Newcastle in Tyne, UK. Nautilus' CEO, Mike Johnston said “we are pleased that the assembly of the AC, the third and final of the three SPTs has now commenced, with the arrival of the chassis at the SMD facility. The next milestone for the SPTs will be the commencement of Factory Acceptance Testing on the already assembled Bulk Cutter (BC). We look forward to reporting on this progress next month”.

05 Jun 2007

Shipyard Contract Signed

Nautilus Minerals Inc. announced that the Jan De Nul Group has signed the shipbuilding contract with La Naval, in Sestao Northern Spain for the construction of Jules Verne a 191 m vessel to be used as the ship for Nautilus's deep sea copper and gold mining project, the Solwara 1 Project, located in the waters near Papua New Guinea. David Heydon, Nautilus CEO said: "The signing of the building contract with the shipyard for "Jules Verne" is a major step forward in the delivery of the Solwara 1 Project, building on Nautilus' leading position and first mover advantage in seafloor mining. With the ship build in hand, Jan De Nul engineers…

01 Jun 2007

Shipyard Contract Signed

Nautilus Minerals Inc. said that the Jan De Nul Group has signed the shipbuilding contract with La Naval, in Sestao Northern Spain for the construction of Jules Verne, a 626-ft. vessel to be used as the ship for Nautilus's deep sea copper and gold mining project, the Solwara 1 Project, located in the waters near Papua New Guinea. This contract follows the commencement of manufacturing for the key components of the ship which included the award of five 4500 kW main diesel engines to the MAN Diesel Group in November 2006, dynamic positioning thrusters to Wartsila Nederland B.V on 19 January 2007 and rudder propellers to SCHOTTEL-Antriebstechnik GmbH on 15 February 2007.