Nautilus secures mining vessel for Solwara-1

NAUTILUS Minerals and North Sea Shipping have inked a $US125 million (K328.69 million) binding agreement over a mining support vessel for the first five years of Nautilus’ pioneering sea floor mining project, Solwara-1, off the PNG coast.

Nautilus secures mining vessel for Solwara-1 Nautilus secures mining vessel for Solwara-1 Nautilus secures mining vessel for Solwara-1 Nautilus secures mining vessel for Solwara-1 Nautilus secures mining vessel for Solwara-1

Norway-based North Sea Shipping will supply the mining vessel on a five-year charter basis with an option to extend for another five years.

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