PAPUA NEW GUINEA - Marengo signs power MoU

Marengo Mining has entered into a Memorandum of Understanding (MoU) with the Madang Development Corporation (MDC) to cooperate in, and explore becoming an offtake party, in relation to a power supply solution for industrial, and domestic electricity consumers in Madang province.  1

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PAPUA NEW GUINEA - Nautilus arbitration update

Nautilus Minerals advises that a hearing in respect of the issues that are the subject of the Notice of Arbitration, issued by the Independent State of Papua New Guinea, has been completed. The parties now await the decision of the arbitrator, the Honourable Murray Gleeson AC QC.

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PAPUA NEW GUINEA - Nautilus to order mining vessel

Nautilus Minerals plans to use tracked robots to cut gold/copper ore from the sea floor at its Solwara 1 project in the territorial waters of PNG and pump it up to the surface ship. The company expects to place an order during the first quarter of 2014 for a vessel that will separate ore from seawater.  1

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PHILIPPINES - High grade gold at Pica

Red Mountain Mining has intersected high grade gold at its Pica epithermal target at the Batangas project in the Philippines. The company’s managing director Jon Dugdale says it is the best gold result achieved to date from the Pica target and partially confirms the exploration target.

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