Source:The National

Nautilus Minerals holds many tenement applications in Papua New Guinea and intends to have operations in the country so long as there are minerals to produce, country manager Mel Togolo said.

He said the Canadian company would keep operating depending on the level of minerals.

“We intend to have operations in the county for as long we have minerals to produce and for as long as PNG wants and allow us to operate in their waters.”

When asked if the Solwara 1 project will start operations anytime soon, Togolo said: “The vessel remains on the critical path for the company.

“We intend to secure the arrangements for a vessel by early November following which we will have a clearer understanding of when operations will commence,” he said.