11-Dec-14 - US$113 million released to Nautilus and Solwara 1 JV formed (more...)
28-Nov-14 - Escrowed funds to be released to Nautilus (more...)
12-Nov-14 - Nautilus Minerals announces Financial Results for Q3 2014 (more...)
| ||April 14, 2008|
Nautilus Minerals to Appoint New President and CEO
| ||News Release Number 2008--08|
Toronto, Ontario, April 14, 2008 - Mr Geoff Loudon, Chairman of Nautilus Minerals Inc. (TSX & AIM: NUS) ( the "Company" or "Nautilus") is pleased to announce that as part of its succession planning, Mr. Stephen Rogers, Nautilus' Chief Development Officer, has been selected as successor to Mr. David Heydon as President and CEO, effective July 10, 2008. David Heydon will remain with Nautilus as a non-executive director and will continue to provide the Company with his vision, experience and cross-industry contacts.
Stephen Rogers remarked: "I look forward to working with the world class team that Nautilus has assembled and to building Nautilus into a major copper, gold and zinc producer."
Geoff Loudon, Chairman of Nautilus noted: "In his first 16 months with Nautilus, Stephen has demonstrated his leadership ability and extensive offshore project engineering and construction skills. Nautilus is now clearly focused on the construction and delivery of our first project, Solwara 1 and Stephen has the skills to successfully take Nautilus from its position as a junior explorer to being the world's first deepwater exploration and production mining company."
Don Lindsay, President and CEO of Teck Cominco Limited commented: "As a major shareholder and a technical partner of Nautilus, we have seen the Company grow and attract international talent to their team. We look forward to continuing our association with David in his role as a non-executive director and to working with Stephen as he and his team continue to bring the Solwara 1 Project closer to production."
Stephen Rogers joined Nautilus in January 2007 as Chief Development Officer in charge of the engineering and delivery of the Solwara 1 Project. Since joining Nautilus, Stephen has built a strong engineering team and has put into place the key engineering contracts for the seafloor mining system.
Stephen has over 30 years in corporate and project management and extensive deep water offshore and onshore project development experience. Prior to joining Nautilus, Stephen worked with Clough Limited, one of Australia's largest multidisciplinary engineering firms, where he was CEO for oil and gas. Before his role at Clough Limited, Stephen was regional Managing Director for Technip, formerly Coflexip Stena Offshore, over a six year period where he established a number of successful joint ventures and delivered consistent profitability in a cyclical market.
Stephen is a graduate civil engineer from King's College, London, a Member of the Institute of Marine Engineering, Science and Technology (MIMar EST) and a Fellow of the Australian Institute of Company Directors.
CONFERENCE CALL AND WEBCAST: A conference call and web cast has been convened by David Heydon and Stephen Rogers to provide a Quarterly Project Update. Details are as follows:
Time: Tuesday, April 15, 2008 at 10.00am EDT (3.00pm London/BST)
Presentation slides to accompany the discussion will be available at approximately 9.00am EDT (2.00pm London/BST) from the Nautilus website (www.nautilusminerals.com).
Please use the following number for the conference call:
Canada 1 866-837-4489
United Kingdom 0 800-056-9662
United States 1 866-586-2813
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck Cominco (7.2%) and Anglo American (5.7%). Epion (22.4%) is controlled by the founder of Metalloinvest one of the largest and fastest growing mining and metallurgical holdings in Russia.
For more information please refer www.nautilusminerals.com or contact:
Nautilus Minerals Inc. (Toronto)
Tel: +1 (416) 551 1100
Australian Project Office
Tel: +61 (7) 3318 5555
Numis Securities Limited (NOMAD)
John Harrison/James Black
Tel: + 44(0) 20 7260 1000
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.
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