Deep-sea explorer Nautilus Minerals (NUS-T, NUS-A) has announced the equipment suppliers for Solwara 1, its gold-copper massive sulphide seafloor deposit.
Nautilus, one of the first companies to commercially explore the ocean floor for gold and copper, has awarded contracts for a riser and lifting system, a mining support vessel and seafloor mining tools.
Technip USA Inc. will provide the RALS system, worth US$116 million, in time for Nautilus to deliver first ore by the end of 2010, as planned.
The equipment for the lift system will be provided by offshore oil and gas suppliers at a fixed price and will be compatible with the company’s mining support vehicle.
“The entire spread for Solwara 1 is being built in a factory environment and transported to site on the (mining support vessel), which reduces project schedule and cost escalation risk,” said Stephen Rogers, CEO of Nautilus, in a press release.
The mining support vessel is being built by North Sea Shipping in Turkey.
The seafloor mining tools will be designed and assembled by Soil Machine Dynamics.
Located in the territorial waters of Papua New Guinea in the western Pacific Ocean, Solwara 1 will be the first commercial seafloor exploration project.
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