Nautilus To Buy New Ship For Papua New Guinea Mine

News: Canadian exploration and development company Nautilus Minerals has stated that it will buy a new ship for its gold-copper project in Papua New Guinea during Q114, Mineweb reports. The company stated that the vessel, which is expected to cost between CAD186.4mn ( US$180mn ) and CAD269.3mn ( US$260mn ) , will enable it to separate ore from seawater at its underwater mining project. The ship is expected to take around two to three years to build.

This article is tagged to:
Sector: Mining
Geography: Papua New Guinea, Canada

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