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Progress for Nautilus

BRISBANE-based seafloor explorer Nautilus Minerals has signed an offtake agreement, while the Papua New Guinea government has chosen not to exercise its option for an additional stake in the Solwara 1 project.

Kristie Batten
Progress for Nautilus

The offtake agreement with Tongling Nonferrous Metals Group Co follows on from a binding heads of agreement signed in 2012. A new take or pay agreement has been finalised, offering cost savings for Nautilus...

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