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    Nautilus Minerals' seabed mining vessel floated out

    Vessel & ROV News // October 10, 2016

    Nautilus Minerals says its production support vessel was floated in the drydock last week to allow the launch of two adjacent vessels.

    The vessel is to be used by Nautilus and its PNG partner, Eda Kopa (Solwara) Limited, as the base for its seabed mining operations at the Solwara 1 Project site in the Bismarck Sea of Papua New Guinea.

    Mike Johnston, Nautilus’ CEO, said: "The company was very excited to see the vessel floated in the drydock last week, as it shows the fantastic progress the team at the Fujian Mawei Shipyard Ltd (FMSL) and Marine Assets Corporate (MAC) have made over the past three months.

    "When you consider the first block for the vessel was laid on 10 June this year, to having a 220m hull able to be floated some 14 weeks later, it is a huge achievement by FMSL and a significant milestone for our company.

    "We have worked with FMSL, MAC and others on the vessel for over two years now. During this time we have established a very good working relationship, with very capable stakeholders. We are now looking forward to continuing that strong working relationship as we progress the final build phase and fit out of the vessel.”

    Subject to further financing, Nautilus’ objective remains to develop the world's first commercial high grade seafloor copper-gold mine and launch the seafloor resource production industry.

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