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hit the sweet spot...
Words getting out can see it on L2
yeah they can keep selling this thing lower so I can get more, no problem.
Seems as though from lack of official update some shakey folks are selling lately, big PR should be out any time now I would think... maybe they are saving it for beginning of next week
Now that's what we're looking for!
Deal's done, watch for the PR - http://www.oilpubs.com/oso/article.asp?v1=15245
Should be any day now
looking forward to that news update
Nice - first payment by 28th and $113m released from escrow which will put current PPS at book value approx WOW boom time
Getting closer to seeing some real movement finally...
Waiting for PR on the ship status. Who wants to guess the change in PPS the first day after?
Nautilus Minerals was recently showcased on an episode of Innovations with Ed Begley Jr which aired on the Discovery Channel. To view the piece please click on the link
http://vimeo.com/85364387
undersea mining - its going to happen. Nautilus is gonna be the first and leader.
http://www.mining.com/un-opens-up-more-deep-sea-areas-for-mining-issues-seven-new-licences-59651/
Miners seek to take the plunge
http://www.ft.com/intl/cms/s/0/88b69294-006d-11e4-9a62-00144feab7de.html#axzz36HJqRKvg
Png not going to let hundred million bucks vanish w/o prospering from tier agreement IMO look for vessel news soon IMO
REFILE-New Zealand rejects undersea iron sand mining project
Wed Jun 18, 2014 7:13am IST
(Reuters) - A project to mine undersea iron ore sand deposits off the New Zealand coast has been rejected because of uncertainty about the environmental impact of the project, the country's Environmental Protection Authority (EPA) said on Wednesday.
Trans Tasman Resources Ltd had sought the final go-ahead to excavate iron sands from the sea bed in waters up to 45 metres (149 feet) deep off the country's west coast, but was turned down by a special committee set up by the EPA.
"The major reasons for this (decision) were the uncertainties in the scope and significance of the potential adverse environmental effects and those on existing interests," the EPA said in a statement.
The New Zealand decision was being closely watched by other governments and miners around the world looking to mine copper, cobalt, manganese and other metals deeper on the ocean floor.
Mining of diamonds currently takes place off the coast of Namibia, but the Trans Tasman project was one of the more advanced being proposed elsewhere.
Environmental groups, fishing companies, and local indigenous Maori tribes had opposed the project because of the potential damage to the environment, marine mammals and fish stocks.
Trans Tasman Resources said it was disappointed by the decision, having spent about NZ$60 million ($52 million) on the project so far, and having undertaken significant local consultation, and scientific research.
Chief executive Tim Crossley said in a statement the local community would miss out on hundreds of new jobs and an estimated NZ$240 million a year boost to GDP.
The company would study the ruling and look at its options. The decision can only be appealed on points of law.
Environmentalists called the outcome a victory for common sense.
"It became very clear during the hearings that the company ... had not done its homework on the full environmental impact of digging up 50 million tonnes of the seabed every year for 20 years," said Phil McCabe, the chair of Kiwis Against Seabed Mining
A second New Zealand deep sea mining project was tabled last week by Chatham Rock Phosphate Ltd seeking to take phosphate rock to be turned into fertiliser in waters up to 400 metres deep about 450 km (280 miles) east of the country.
The application will now undergo a six-month investigation period, including public and scientific submissions.
Elsewhere, Nautilus Minerals is working on a deep-sea project off Papua New Guinea to start in 2017. ($1 = 1.1546 New Zealand Dollars) (Reporting by Gyles Beckford; Editing by Richard Pullin)
http://in.reuters.com/article/2014/06/18/mining-oceans-newzealand-idINL4N0OX10C20140618
Deep sea mining questioned in PNG
Can't believe they are comparing deep sea mining to nuclear testing
_________
Radio New Zealand
An NGO in Papua New Guinea says the proposal for the world’s first deep sea mining project is comparable with Pacific nuclear testing and people are feeling like experimental guinea pigs.
A spokesperson for the Bismark Ramu Group, Rosa Koian, told Jenny Meyer there is a lot of uncertainty about whether the government will go ahead with the project run by Canadian company Nautilus.
That’s despite paying $113 million US dollars into a holding account in May.
ROSA KOIAN: The way Nautilus is going on with trying to push our government to make sure this happens. We’re talking about the Papua New Guinea internal waters here, we’re not talking about the high seas. So for Papua New Guinea we’re still arguing; where’s the environmental statement? Where are the laws governing this activity that will happen, if it ever happens. But at the moment it’s not moving so fast so we don’t know. Because it’s a new area we want to see an environmental impact statement before anything can happen.
JENNY MEYER: This would be in fact the first deep sea mining project in the world I think, is that right?
RK: Yeah it is. It is the first experiment in the world. And the Pacific has been an area for a lot of test cases. And we have seen the nuclear tests in the Pacific once before and how it’s ended up. And now we’re talking about sea bed mining in the Pacific and it’s happening in Papua New Guinea. Those people who remember the nuclear test days, some of them are still here and its not a nice experience and so we don’t want an experiment.
JM: People feel like they’re being used as a bit of a guinea pig, is that what you are saying?
RK: Yeah, this is the language local Papua New Guineans are using, we are not guinea pigs.
JM: At this point in time there’s no activity at the mining site as far as you’re aware, is that right?
RK: Yes that’s right.
JM: And has the company given any kind of time frame about when they want to get things going? I’ve seen some reports that within six months of that first lot of money being paid, which I think was in May, they wanted to get something started, is that right?
RK: Yeah and they’ve got a time frame for 2016 to start all the work so we have 2015, and 2016 everything should be in place and Nautilus should be happily digging but we’re praying it doesn’t happen.
JM: What are people saying about how likely it is to go ahead? Do people believe it will happen or is there still quite a lot of doubt? Does it still hang in the air?
RK: There’s still a lot of doubt, there’s a lot of uncertainty, so we’re not sure if it’s going to happen.
Rosa Koian says thousands of people have signed petitions and the Evangelical Lutheran Church’s 1.2 million members have called for the Prime Minister to pull out of the deal. Nautilus says on its website it’s looking to charter a production support vessel and secure intellectual property rights within the next few months to allow the release of the government’s funding.
http://ramumine.wordpress.com/2014/06/16/deep-sea-mining-questioned-in-png/
New Zealand may kick start race to mine the ocean floor
Reuters) - New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world's first commercial metals mine at the bottom of the sea.
A green light to allow New Zealand's Trans Tasman Resources Ltd to start iron-ore dredging off the country's west coast will encourage others looking to mine copper, cobalt, manganese and other metals deeper on the ocean floor but worried about regulatory hurdles.
Along the Pacific Rim of Fire, as deep as 6,000 metres underwater, volcano crusts, "black smoker" chimneys and vast beds of manganese nodules hold promise for economic powers like China and Japan as well as many poor island states busy pegging stakes on the ocean floor.
"A lot of people are watching the Trans Tasman Resources outcome," said Michael Johnston, chief executive of Nautilus Minerals, which is working on a deep-sea project off Papua New Guinea and is also in talks with New Zealand.
Other countries in the Pacific looking at underwater mining include Fiji, Solomon Islands, Tonga and Vanuatu, which have all issued exploration licenses. Cook Islands in the South Pacific plans to put seabed exploration licenses up for bids later this year.
In the 750,000 sq km (290,000 square miles) of territorial waters around the Cook Islands are mineral nodules the size of potatoes to lettuce heads and rich in manganese and cobalt, a resource Imperial College marine geoscientist David Cronan estimates at 10 billion tonnes.
"If only 10 percent of that resource can be recovered it will be one of the largest mineral deposits ever discovered. It is a world class mineral deposit," says the Cook Islands National Seabed Minerals Policy, approved on June 10.
The push to explore the ocean is gaining momentum as ore grades on land decline and demand grows for metals in high-tech applications, and is more feasible now with the help of technology developed for the deepwater oil and gas industry.
Still, there are technological hurdles and fears among scientists and environmentalists that mining could destroy fragile fisheries and exotic creatures at the bottom of the ocean.
"Deep sea mining is coming faster than the scientific community can monitor it," said Carlos Duarte, director of the University of Western Australia's Oceans Institute.
WAITING IN THE WINGS
Trans Tasman Resources, which hopes to start mining in 2016, already has a mining licence but needs a marine consent from New Zealand's Environmental Protection Agency (EPA).
The is the EPA's first test of regulating mining in the country's territorial waters. Its next is an application from Chatham Rock Phosphate Ltd, seeking to mine phosphate several hundred kilometres off the east coast of the South Island.
Others waiting in the wings include Neptune Minerals, with deep sea tenements covering 175,000 sq km off several South Pacific countries, including New Zealand.
While the world's biggest miners have no deep sea mining tenements, Anglo American PLC is keeping an eye on underwater prospects with a 5.95 percent stake in Nautilus.
The biggest backers for Nautilus are Omani oilfield services billionaire Mohammed Al Barwani and Russia's richest tycoon Alisher Usmanov's Metalloinvest Holding Ltd, who together own 40 percent.
The Canadian company aims to dig up a seafloor massive sulphide deposit, Solwara 1, about 1,600 metres underwater off Papua New Guinea, starting from 2017.
Massive sulphide deposits form around deep sea vents that spurt super hot, acidic water with metals dissolved from the earth's crust. The metals drop out when the "black smokers" hit the cooler sea water and form rocky chimneys.
Nautilus plans to use three huge robots, one of which has already been built at a British factory and weighs in at 310 tonnes. These cut into the seafloor with 4-metre wide claws, break the rocks and collect them in a slurry that will be piped 1.6 km to a support vessel.
The remaining water and rock will be sent back down another pipe nearly all the way back to the ocean floor, which CEO Johnston said meant there would be no plumes of sediment travelling long distances, limiting the impact on sea life.
ENVIRONMENTAL IMPACT
It's the potential impact on sea life that could prove a major hurdle in getting projects approved.
For the Trans Tasman project a crawler machine, likened to a giant vacuum, will cut 11 metres into the seabed. Material will be pumped up to a processing plant on a ship, where iron ore will be separated using magnets.
Trans Tasman says its project is very different and less destructive than deep sea mining as it will be operating in depths up to just 100 metres in an area already buffeted by storms and ocean currents.
"Our view, supported by our science experts, is that between five and 10 years you will get almost full recovery of the area that's been mined ... because the organisms and environment are already quite adapted and recover quickly," Chief Executive Tim Crossley told Reuters.
Conservationists and the fishing industry say the EPA should reject Trans Tasman's application.
"There's not enough understanding of the marine environment, what occurs out there physiologically and ecologically, to engage in this activity. We want a moratorium until we understand things better," said Kiwis Against Seabed Mining chairman Phil McCabe.
He says sediment put back in the ocean by Trans Tasman could be carried far and wide by currents in an area through which whales and dolphins migrate and where fish spawn.
Cook Islands is following the advice of the European Union-backed Pacific Deep Sea Minerals project, taking a go-slow approach to set up regulations and monitoring to ensure its pristine waters are protected.
South Korea, which has been spending around $5 million a year on deep sea minerals research, is also taking a precautionary approach, aiming to decide in 2016 whether to seek a mining license from the International Seabed Authority after its exploration licenses expire.
The biggest hurdles to deep sea mining would be tackling the steep rolling seabeds and coming up with technology that limits the impact on the delicate sea floor environment, said Sang-Bum Chi, seabed resources project manager at the Korea Institute of Ocean Science & Technology.
China and Japan, too, are exploring the Clarion Clipperton Zone in the Pacific Ocean, as well as the Western Pacific and the Indian Ocean.
"There is a big technology gap that would need to be bridged before actual commercial harvesting of nodules could take place," said Paul Lynch, Seabed Minerals Commissioner in the Cook Islands. ($1 = 1.1562 New Zealand Dollars) (Additional reporting by Meeyoung Co in SEOUL; Editing by Michael Urquhart)
http://www.reuters.com/article/2014/06/15/mining-oceans-idUSL3N0ON1KK20140615
Deep sea mining questioned in PNG
Click and listen on the link below
The negativity from PNG peeps continues
I suppose that side of the equation,(the negativity), will be there even after they start digging,that is ,if they start digging.
As for me, I keep getting in and out of the stock,can't seem to make up my mind,I'm probably not alone and could be the reason the stock just can't get any legs.Too much indecision on the part of investors and even with PNG money parked in escrow the feeling that PNG could change its mind or cause some other extended struggle against the first ore time frame.
I'm currently not in the stock
Volume is lacking at the moment only 4,000 shares traded today,probably more than most people own
http://www.radionz.co.nz/international/programmes/datelinepacific/audio/2599559/deep-sea-mining-questioned-in-png
Nautilus Minerals Inc. (NUSMF:| Quarterly Report
http://www.otcmarkets.com/financialReportViewer?symbol=NUSMF&id=122514
Deep seabed mining is a new — and lightly regulated — ecological experiment
No doubt this is from anti-deepsea mining advocates Greenpeace
Adam Wernick out of St.Paul Minnesota
My comments >>>>> (I think people are still mis-informed about the massive amount of pre-work that Nautilus has done and even so,the truth is no one really knows with absolute certainty what the end results will be on the oceans.I still say that without a doubt you can only start it and monitor it and see what the effects are and if there are negative ones ,how to avoid those or change the outcome for the future.Someone has to do it so the results will be known not just in PNG but for all of the earths oceans.)
To Listen to the recording >>>
http://www.pri.org/stories/2014-06-10/deep-seabed-mining-new-and-lightly-regulated-ecological-experiment
Europe’s underwater robots ready to rumble
Éanna Kelly, Science|Business
With an era of deep sea mining being ushered in, a new breed of robots developed in the UK are poised to lead the way
There is a new fleet of robots, built outside Newcastle-upon-Tyne in the UK, whose makers hope will not just dim the spectre of mining job losses in England’s North East, but eradicate it completely.
Except nobody is proposing to re-open the region’s defunct coal pits: these robots will dive down to 1,500 metres and claw up the rich minerals and metals carpeting the world’s seafloors.
The underwater vehicles are being built by a firm with a long experience of marine engineering, Soil Machine Dynamics (SMD), for the Canadian mining company Nautilus Minerals, which recently won a seabed mining licence – the world’s first – to explore and exploit minerals off the coast of Papa New Guinea, in an area called Solwara.
Another British company, UK Seabed Resources, a subsidiary of Lockheed Martin, is also making plans to follow the prospectors.
Mining itself is expected to start within five years, once wrangling over terms with Papua New Guinea is sorted out. Two more robots, in the works at SMD, are planned to follow.
For a long time, the idea of mining deep sea deposits was dismissed because of the technological challenge and high cost. SMD's advanced underwater robots, some seven years in the making at a cost of nearly €100 million, aim to overcome these difficulties.
European companies are the flag-bearers. The bulk cutter, a hulking, 310 tonne robot developed by SMD, got its caterpillar tracks from Italy and its pumps from the Netherlands.
The robots, equipped with cameras and 3D sonar sensors, will be driven by pilots from a control room, attached via a giant power cable. The camera on its own will not be able to see enough of the murky sea depths; the 3D sonar will fill in the blanks by making images and passing them back to the controllers.
Advances in technology are not the only spurs behind the push to scour the seas for fresh mineral reserves: in the face of increasing demand many of the world's easy-to-access veins are facing depletion. As the quality of retrievable stock onshore diminishes and the price rises, the relatively rich deposits thought to be waiting below the water help justify the large costs and risks.
Getting the measure of the beast
While some carry the upbeat mood of prospectors on the eve of a gold rush, others are worried.
Mining will open revenue streams for countries like Papua New Guinea, which will take a 15 per cent stake in the operation, but the uncertain impact of seabed mining is already sending environmentalists into a spin.
Marine biologists warn about lasting damage to underwater ecosystems where whole areas may suffer biological extinction. There has been shallow mining before, off the coast of South Africa and Namibia for instance, but in these cases the seabed was only, “a little roughed up and its deposits vacuumed up,” said Nick Ridley, one of SMD’s engineers. The approach taken by the new breed of robots will be a lot more aggressive.
“We did a significant amount of research to understand what kinds of life forms are located at Solwara and have devised mitigation strategies to lessen the impact of our activities,” John Elias, spokesman for Nautilus, told Science|Business. One strategy is to transplant clumps of sea microbes to another location prior to mining.
Ridley suggests the question to ask is, “Is it better or worse than mining on land?" Digging pits on land entails building a veritable city and a tangle of transport services to haul materials, he points out. There's also the accompanying noise pollution.
Elias argues that copper, as one example, is more highly concentrated on the seafloor than it is on land. “Land-based mining requires much more to be removed to obtain the same levels of finished copper, often requiring the literal removal of a mountain to reach the ore body,” he said.
Sea floor mining might also be a safer alternative, maintains Elias, since the robots will be operated remotely, meaning no one will in the firing line in the event of catastrophe.
The EU position: dig a little deeper
The many questions posed by seabed mining are being weighed up by the Commission’s maritime department, DG MARE.
To help build a brief, opinions are being pooled from the public, and a civil servant is being sent to the International Seabed Authority (ISA), the UN agency headquartered in Jamaica that issues mining contracts for international waters, to find out what kind of sway the bloc can have on the process.
The ISA has its own quandaries to work through in deciding who should get a mining contract, given that competence cannot be gained without actual mining at a commercial scale, while the same time its rules say mining should not be allowed without prior demonstration of competence.
Establishing some legal codes for deep sea mining would be welcomed, said Alicia Craw, an ocean campaigner with Greenpeace. Currently, “There is no strategy in place to assess cumulative impacts of deep-sea mining and other activities such as deep-sea fishing; and there is a lack of governance to manage and conserve the environments under exploitation,” she says.
The EU is funding two research projects. A consortium called Blue Mining, which began in February, will look at the business case and technology for deep sea mining, while a second project, Midas, is investigating the environmental impact.
http://bulletin.sciencebusiness.net/news/76584/Europe%E2%80%99s-underwater-robots-ready-to-rumble
Nautilus criticisms are urban based: Togolo
Are you smellin what I'm sellin? I think this is a negative slanted article.Although initially it is positive it ends with a negative vibe.
Ian Hetri | PNG Loop
Nautilus Minerals, has been eyeing the seabed minerals off Papua New Guinea (PNG) since the 1990s but then became locked in a lengthy dispute with the PNG government over the terms of the operation.
With the current agreement with the State government, Nautilus’s country manager in PNG, Mel Togolo says that the company’s highly controversial Solwara 1 project is gaining momentum.
However, as with all mining operations, deep sea mining raises questions about potential environmental impact on surrounding areas.
Environmental advocacy groups such as Greenpeace have argued that seabed mining should not be permitted in most of the world’s oceans because of the potential for damage to deep sea ecosystems.
There has also been widespread campaign against the undersea mining in PNG.
Mr Togolo however says that all this criticisms are urban based and that those in the villages invite Nautilus Minerals.
The question however remains. Do those in the villages been educated enough to make informed decisions about both the positive and negative impacts of undersea mining?
Mr Togolo told PNG Loop that Nautilus has been using basic educational materials like pamphlets and role plays to educate the people in the project area.
Are these methods effective enough and if they do, what are the guarantees that the rural mass understand the highly complex scientific nature of undersea mining; is yet another mystery Nautilus has to justify.
However convincing Togolo may have sound to other media personals present, he later admitted to PNG Loop that the science of underwater mining remains very complex.
When pressed by PNG Loop to comment on the status of the independent research and the credibility of the researchers involved, Mr Togolo replied that Nautilus engages consultants as well as government researchers.
He decline to comment on the credibility of the researchers involved that again casts a shadow of doubt over Nautilus Mineral’s highly controversial operation, the Solwara 1 project.
https://ramumine.wordpress.com/2014/06/03/nautilus-criticisms-are-urban-based-togolo/
Halt Deep Sea Mining
This could cause about 20% of the population to vote against undersea mining.Prime Minister Peter O’Neil is also a Lutheran.
"Swakopmund Matters
29.05.14 6:47 am
The Pacific Conference of Churches supports Evangelical Lutheran Church in Papua New Guinea to halt Deep Sea Mining from PCC/PACNEWS, 28 May 2014
SUVA, Fiji——The Pacific Conference of Churches has supported calls from a PNG church for a halt to Deep Sea Mining (DSM).
About 1.2 million members of the Evangelical Lutheran Church of Papua New Guinea (ELCPNG) have said no to Experimental Seabed Mining after its synod on Karkar Island, Madang Province.
The members have also given their church leaders approval to address the issue with the PNG Government.
PCC General Secretary, Reverend Francois Pihaatae, said the initiative was one of self-determination and Pacific people should be encouraged to decide what was best for their future.
“Just because Western economic models call for the use of deep sea mineral deposits does not mean we should mine the floor of the ocean with possible disruption of the eco-systems,” Rev Pihaatae said.
“Two weeks ago in the Cook Islands the region’s leading authority on seabed mining admitted there is not enough research with which to support the safety of this mining – we must be very careful.
“Therefore, the PCC stands in solidarity with the Evangelical Lutheran Church in PNG and says no to deep sea mining.”
This vote against seabed mining is in line with a Pacific Conference of Churches General Assembly resolution in Honiara last year.
The church is expected to make a statement shortly, challenging the PNG government’s move to allow international and local corporations to take part in mining the seabed.
The church will also challenge Prime Minister Peter O’Neil as a member of the Lutheran church to act on this call from his people.
Lutherans make up 20 per cent of PNG’s population."
http://tasmaniantimes.com/index.php?/pr-article/halt-deep-sea-mining/
Nautilus Minerals Inc.: Collecting Machine Assembly has Commenced at SMD
TORONTO, ONTARIO, May 28, 2014 (Marketwired via COMTEX) -- Nautilus Minerals Inc. CA:NUS +1.85% (otcqx:NUSMF) (the "Company" or "Nautilus") announces that the assembly of its second of three Seafloor Production Tools ("SPTs"), the Collecting Machine ("CM"), has this week commenced at Soil Machine Dynamics' ("SMD") facility at Newcastle upon Tyne, UK.
Nautilus' CEO, Mike Johnston said, "Having already announced in April this year, the completion of the assembly of the Bulk Cutter ("BC"), we are delighted that the assembly of the CM has now commenced, with the arrival of the chassis at the SMD facility. This is an exciting time for the Company as we continue with the build of the seafloor production equipment. We look forward to the commencement of the assembly of the third and final SPT, the Auxiliary Cutter ("AC"), when its chassis is delivered next month."
The CM is the lightest of the three SPTs weighing 200 tonnes when fully assembled. It is designed to collect material cut from the seafloor by drawing it in as seawater slurry with internal pumps and pushing it through a flexible pipe to the Riser and Lifting System ("RALS") and onto the Production Support Vessel ("PSV"), arrangements for which are to be in place by the end of the year.
Subsea vehicle designer and manufacturer, SMD of Newcastle upon Tyne, UK, is the company responsible for building the SPTs for Nautilus.
How they will work:
The excavation and collection of mineralised material has been split into three individual tasks, which will each be carried out by a different SPT. The AC is designed as the pioneering tool which prepares the rugged sea bed for the more powerful BC. These two tools gather the excavated material; the third, the CM, will collect the cut material by drawing it in as seawater slurry with internal pumps and pushing it through a flexible pipe to the subsea pump and on to the PSV via the RALS.
Links:
An animation of the seafloor production system and a video showing the assembly of the Bulk Cutter can be viewed on the Company's website: www.nautilusminerals.com/s/Investors-MediaCoverage.asp
Assembly of Bulk Cutter completed: http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=647179
Collecting Machine assembly: http://www.nautilusminerals.com/i/photos/collecting_machine.jpg
http://www.marketwatch.com/story/nautilus-minerals-inc-collecting-machine-assembly-has-commenced-at-smd-2014-05-28-7173271
Nautilus Minerals AGM to be held June 25, 2014
TORONTO, ONTARIO, May 20, 2014 (Marketwired via COMTEX) -- Nautilus Minerals Inc. CA:NUS 0.00% (otcqx:NUSMF) (the "Company" or "Nautilus") is to hold its Annual General Meeting in Toronto, Ontario, on Wednesday, June 25, 2014.
The Company has today sent to shareholders its Annual Report, which contains the audited financial statements and Management's Discussion & Analysis for the year ended December 31, 2013, together with the meeting materials, being the notice of meeting, information circular and form of proxy or voting instruction form, as applicable.
The Annual Report and the meeting materials will be available on the Company's website at www.nautilusminerals.com/s/Investors-Financials.asp and on the Company's profile page on SEDAR at www.sedar.com .
The Annual General Meeting will be held at the TMX Broadcast Centre Gallery, at 130 King Street West, Toronto, at 10:00 a.m. (Eastern Daylight Time) on the above date. The matters to be considered at the AGM are set forth in the notice of meeting and information circular. Shareholders as at the record date of May 8, 2014 will be entitled to vote their shares at the AGM.
For more information please refer to http://www.nautilusminerals.com
http://www.marketwatch.com/story/nautilus-minerals-agm-to-be-held-june-25-2014-2014-05-20-7173030
One never knows what may happen. Possibly it would increase the quality of fishing? All the commotion may cause more fish to come into the area! Anybody's guess I suppose? What I see over time is a society of more and more laws and rules, so many that pretty soon they will outlaw stairs!! They are a hazard and somebody could fall down them or trip on them, for our own good of course! No matter I'm sure they will get it all ironed out. Only my opinion
The Deep Sea Resources Rush
Somewhat more of the same but very informative and in depth article on the overall picture,not so one sided.Long read published May 20th so I assume it is new and not something re-hashed but as always with the internet, it could be.
http://www.islandsbusiness.com/news/usa/5398/the-deep-sea-resources-rush/
They (the environmentalists and the rest of the world),need to allow deepsea mining to be "tried" somewhere,at some point,and monitor the process closely.Sure they may find that the ecosystem changes some because it is all unknown before it is actually attempted.It also may take a few years for reliable data to determine if there are any eco changes that have occurred.I guess PNG is as good a place if not better to attempt it than any.
Since PNG area is in the vast Pacific,with shifting currents,winds and migrating sealife it is probably better than most to conduct an experiment.I wouldn't make light of the fact that there is the potential to do devestation to the ecosystem but how else are you going to find out unless you actually try it?(rhetorical question no response necessary)
I sympathize with PNG that if their current fishing ecosystem were destroyed,life of the local fisherman could change forever,on the other hand,the VAST amount of wealth and progress that could occur with positive results of the subsea mining would potentially far outweigh any damage to the environment or the local fishing habitat.
I don't see any choice but to try it to find out what will actually happen by just doing it.All the speculation and pre-disturbance testing in the world won't tell you what will happen until it is tried and monitored for real results and not speculation.
The fishermen could always get a job working for the refiners!!!
When I grow up someday I want a fancy title also!! Call me director of Scientific study of How paint colors affect our lives! LOL or maybe Scientific professor of saving the wood tick! or Mosquito!! After all is said and done somebody will want a study to study the study results! Is there a study to see how many different life forms are destroyed when the soil is turned to plant crops? Just my opinion but it seems there is always somebody ready to put a wrench in the spokes.
Regional Director General says not enough data to safely allow experimental seabed mining
Collecting more information about the marine environment is a “critical need” if people are to make informed decisions about seabed mining, said the Director General of the South Pacific Regional Environment Program
More environmental hoopla here >>>>
https://ramumine.wordpress.com/2014/05/19/regional-director-general-says-not-enough-data-to-safely-allow-experimental-seabed-mining/
just found out about this company on National Geographic, I'm buying as soon as I can, this will be another story like Barrick Gold, mark this post and refer to it in a few years... $50/share
I guess it's safe to say none of these people commenting here about Nautilus are invested in deep sea mining LOL!
https://www.facebook.com/photo.php?fbid=752224904818520
Good call. Soon to have almost as much cash on hand as market cap
YOU THHINK they are here to play a little pocker game? please do the math, who is invested here? the robots value only?
this is a very VERY long term hold, I will not see any below 1,50$ or 2$
LOL
Nautilus Petition gets 7,980 signatures
These guys don't quit......they might as well give it up.I think deepsea mining is coming whether these people like it or not.
.................
An online campaign to collect signatures to petition against Canadian-based Nautilus Minerals for the undersea mining operation in Papua New Guinea (PNG) has today reached 7,980 , just 20 shy of the target which is 8,000.
The controversial underwater mining will break up the top layer of the seabed at a depth of 1,500 metres to pump the ore to the surface as slurry.
The petition will be passed to the Prime Minister Peter O’Neill after 8,000 signatures are collected.
However, environmental campaigners say mining the ocean floor could prove devastating, causing lasting damage to marine life as well as to the health and livelihoods of the people of PNG.
Environmental campaigners have long argued that seabed mining will be hugely destructive to deep sea ecosystems.
Leakages, spills and pollution from chemicals used to extract ore could all cause irreversible damage to the oceans surrounding the mine site.
Despite the wide public outcry, Nautilus Minerals has finalised an agreement with the government of PNG to start deep sea mining in its coastal waters.
It will be the first time in the world that ore will be extracted from the ocean floor.
http://www.actnowpng.org/content/nautilus-petition-gets-7980-signatures-0
Well I hope I didn't make a mistake,only time will tell.I got all out of Nautilus only because I think it "may" sit for a bit and I will be able to get back in and Odyssey is getting such a beat down right now I had to free up some cash some where,and NUS was my target. :)
My hope is Odyssey recovers quickly and even runs from some kind of news and I can get back in here before NUS moves north.If not,it will just be another on a long list of "Oopsys" I've had over the years!!
Like Arnold says ........I'll be back
1 million km licence??????????????
Canadian mining company could be involved in world’s first deep sea mine
( A little bit of negativity from environmental groups but.....nothing but the norm on their part. )
A Canadian mining company has been approved to start extracting ores of copper, gold and other valuable metals on the Pacific sea floor.
The company, Nautilus Minerals, reached an agreement with Papua New Guinea to start mining within the next five years. Nautilus was granted a 20-year licence to excavate at Solwara 1, a site 30 kilometres off Papua New Guinea’s coast in the Bismarck Sea.
If this controversial project takes shape, it will become the world’s first deep sea mine.
“Canada is known for being the worldwide leader in exploration,” says Mike Johnston, chief executive officer of Nautilus Minerals. “Our project combines a lot of new technologies, and Canada will be recognized for that innovation.”
The deposits formed when hydrothermal vents spew metal-rich fluids into the ocean can yield ores that are far richer in gold and copper than ores found on land. Copper grades on land, for example, are dwindling in large part because all of the high-grade deposits have already been mined, and they are at about 0.6 per cent compared to Solwara 1’s 7.2 per cent.
“The ore that we are mining will be sold directly to China and there will be no tailings at the end of the process, which is another first for a mining project that I’m aware of,” Johnston says.
According to Nautilus, the lack of tailings, or mining waste, means minimal environmental consequences.
“Expected environmental impacts are documented in our EIS (Environmental Impact Statement),” says Johnston. “Essentially none of those projections were seriously challenged.”
But not all are convinced.
“Some scientists have said that it would take 10-15 years to even begin to understand these unique ecosystems,” says Sarah King, Oceans Campaign Coordinator for Greenpeace Canada.
“We’re really urging for a framework under the UN Convention on the Law of the Sea to create a high seas biodiversity agreement so that there can be clear steps put in place to establish marine reserves,” she says.
The Deep Sea Mining Campaign, a small activist group in Australia, is also working to fill these knowledge gaps. As a community development consultant in Papua New Guinea, the Campaign’s coordinator Helen Rosenbaum was aware of the concern and confusion over this mine from the local communities.
“What we push for is free, prior and informed consent, not just going out and telling people that this is going to be fantastic for them without full information disclosure,” Rosenbaum says.
The Campaign released two reports in response to Nautilus’s Environmental Impact Statement, concluding that not enough scientific evidence had been released to prove that coastal communities and ecosystems would be free of risk.
One of these reports suggests the local benefits of this new agreement are minimal financial returns, and hardly any jobs will be created for locals because of how specialized the positions are for this type of mining.
The report also goes beyond Solwara 1 and raises other issues, such as the cumulative impacts of several deep sea mines throughout the region, which are most likely going to result from the 1 million kilometres of Pacific sea floor under exploration licence.
“Given the connective nature of the ocean, those kinds of impacts are of great concern regionally,” Rosenbaum says.
Another option proposed by both environmental campaigners is the recycling of metals from electronic waste. The United Nations estimates that up to 50 million tons of electronic waste are thrown away globally each year. According to Rosenbaum, the yield from this garbage would easily compete with the potential yields from deep sea mining, and jobs would be created, especially in countries like Ghana where the electronic waste sent over from Europe is piling up.
http://www.canadiangeographic.ca/blog/posting.asp?ID=1160
Deep Sea Dive for Rare Earth Elements
Great article,check the video at the bottom of the article as well >>>>>
http://www.roboticsbusinessreview.com/article/deep_sea_dive_for_rare_earth_elements
Mike Johnson CEO Nautilus last few seconds of video states ,
"The revenue that gets produced per square kilometer for an SMS deposit is on the order of 10 - 15 Billion dollars U.S."
Credit Suisse say NUSMF is a 0,40$ target JA
look what happened to Gamesa two years ago ...
http://bolsagrafica.com/main.phtml?sector=single&periodo=480dias&empresa=GAMESA
it was less than 1,50 euros and CS said gamesa is a 2 euro target, now???
8 euros!! and up....
I will accumulate more here I see NUSMF going to more than 1$ or 2$ the next three years
Surprised were trading here ... Once escrow is release they will have almost their market cap in cash
Despite anything that might be perceived as negative that I've said in my last few posts.I do think that the price will rise and I don't think it will take months either.I also think a deal for ship build/lease/charter ....whatever,will take place very soon and not require a long stretch of time,just as the PNG 113 million payment went into escrow faster than people were expecting.
I also think PNG is on board to stay and MGMT. of NUS just needs to keep stepping forward.I think the leeriness of the market will shore itself up in a short period of time.Once people realize the stock isn't going back to .20 ....ever....they will start feeling more comfortable with getting in and holding for higher gains.
Management does need to repair confidence with shareholders and as always part of owning any stock ,although it shouldn't be part of the equation,hope springs eternal.We're rising from the ashes here and I think the selling is currently over done and we should now be at minimum around .75,that's at a minimum,over a 1.00 would make even more sense.You just can't blame people for being slightly gun-shy.
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United States sitting out race to mine ocean floor for metals essential to electronicsChina and other countries are racing to be the first to mine trillions of dollars worth of metals used in cell phones, supercomputers and more, while the U.S. is on the sidelines. 60 Minutes reports, Sunday at 7:30 p.m. ET and 7 p.m. PT on CBS https://www.cbsnews.com/news/united-states-sitting-out-race-to-mine-ocean-floor-for-rare-earth-elements-metals-electronics-60-minutes-2019-11-13/..
Contact InformationOperations (Brisbane, Australia) | |
Nautilus Minerals Inc (referred to on this website as "Nautilus", "Nautilus Minerals" or the "Company") is the first company to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. Nautilus is developing a production system using existing technologies adapted from the offshore oil and gas industry, dredging and mining industries to enable the extraction of these high grade Seafloor Massive Sulphide ("SMS") systems on a commercial scale.
Nautilus’ copper-gold project, Solwara 1, is under development in the territorial waters of Papua New Guinea. The Company has been granted the Environment Permit and Mining Lease required for resource development at this site.
The Company plans to grow its tenement holdings in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands, Vanuatu and New Zealand as well as other areas outside the Western Pacific.
Nautilus has among its significant shareholders, two of the world’s largest resource companies and the nature of its alliances and technical partners place it firmly in pole position as the world leader in deepwater exploration and the development of mineral systems.
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