Nautilus MineralsNew Vision - New World - New Resources
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Recent Updates

14-Nov-08 - Completion of Anglo American Transaction (more...)
12-Nov-08 - Nautilus Minerals Announces US$266 Million at September 30, 2008 (more...)
06-Nov-08 - Nautilus Minerals Submits Environmental Impact Statement to Papua New Guinea Government (more...)
09-Jul-08 - Environment Quarter 2 2008 Solwara 1 Environmental Fact Sheet (more...)


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Teck Cominco Limited ("Teck Cominco") is a diversified mining and metals company, headquartered in Vancouver, Canada. Teck Cominco is a world leader in the production of zinc and metallurgical coal, a significant producer of copper, gold and specialty metals. Teck Cominco also has interests in several oil sands development assets.

In December 2007 Nautilus and Teck Cominco agreed that Teck Cominco may utilise the US$12 million option payment to conduct and manage a ship-based exploration program in 2008. Teck Cominco proposes to conduct the ship-based exploration program in one or more of four designated areas in Papua New Guinea, Tonga and New Zealand. Teck Cominco has assembled an exploration team in Brisbane dedicated to Nautilus.

"Teck Cominco's offshore minerals exploration team, consisting of 12 professionals, loves the challenges, the opportunities, and the uniqueness of this project. The opportunity to work at the frontier of science, discovery and development is a privilege. knowing that just around the next outcrop, behind that sonar image or underneath that bathymetric anomaly, lies the potential for a significant new scientific and economic discovery keeps us up all night in anticipation!" --- Fred Daley, VP Exploration Teck Cominco

Teck is also a major shareholder.