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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (20739)	6/2/2008 11:04:50 PM
From: LoneClone	Read Replies (1) of 194504

Nautilus Minerals finds high-grade copper concentrate in PNG sea Monday, June 02, 2008; Posted: 12:12 AM tradingmarkets.com PORT MORESBY Jun 2, 2008 (Asia In Focus via COMTEX) -- NUSMF \| Quote \| Chart \| News \| PowerRating -- NAUTILUS MINERALS has announced it's produced a clean high-grade copper concentrate from its sea-floor site in Papua New Guinea. Nautilus is hoping to become the first company in the world to begin commercial mining of the sea-bed and is moving ahead fast in other Pacific Island countries. * Exploration has started in Tonga, and licence applications have been lodged in Fiji and Solomon Islands. * The company predicts seafloor mining in the Pacific, could grow to become an industry on the same scale as British North Sea oil.

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