Finance > Project-finance

Underwater mining hopeful gains breathing space

Underwater mining hopeful Nautilus Minerals (CN:NUS) has managed to negotiate more breathing space on its financial situation, further deferring a cash flow requirement of US$10 million from November 30 to December 20.

Staff reporter

Finance > Project-finance

Underwater mining hopeful gains breathing space

Underwater mining hopeful Nautilus Minerals (CN:NUS) has managed to negotiate more breathing space on its financial situation, further deferring a cash flow requirement of US$10 million from November 30 to December 20.

Staff reporter

Underwater mining hopeful gains breathing space

Nautilus trials the collecting machine

The funding requirement was previously $15 million due by October 31 before it was reduced and firstly pushed back to November 30.