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The quest to building the world’s first seafloor massive sulphides project has seen Nautilus Minerals gain another tranche of financing.
A research institute on the West Coast is now well funded to take New Zealand into the dramatically changing demand for specialist minerals.
While there were no real surprises with the decision of a Chinese shipyard rescinding the contract with an appointed contractor, it still hit the share price of Nautilus Resources this week.
Chatham Rock Phosphate has embarked on a share purchase plan to raise more capital for its quest to gain a mining right for its seabed phosphate project on Chatham Rise.
An important milestone for Chatham Rock Phosphate is expected in November when the draft of the environmental scoping document for getting approval for mining marine phosphate on Chatham Rise.
There were no problems for directors of Nautilus Minerals who were seeking re-election at the annual general meeting in Vancouver.
An Australian explorer with a gold property in New Zealand has taken up a new prospect in eastern Australia for the in-vogue battery metals.
To ease some financial issues Steel & Tube has sold and leased back its large property in Christchurch.
Seed funding is in place to move forward development of a diatomite mine near Middlemarch.
The company planning a unique mining operation in Otago is gearing up for public consultations for a project that would inject new economic life into the Middlemarch region.