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Article: Nautilus Secures Port Capacity at Rabaul for Solwara 1 and Announces Board Changes.
- Article from:
- Marketwire Canada
- Article date:
- October 7, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Oct 7, 2009 (Marketwire via COMTEX) -- Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") is pleased to announce that it has entered into a Port Upgrade and Operations Deed ("Deed") with PNG Ports Corporation Limited ("PNGPC") that provides Nautilus with a secure right to port handling capacity for 1.5 million tonnes of ore per year for three years with an option to commence operations as early as January 1, 2012. The Deed also provides Nautilus with the exclusive right to enter into a licence agreement to use the hardstand area of the Rabaul port for the Solwara 1 ore stockpiles. When Nautilus commences production from its Solwara 1 ...