09:56 AM EST - Nautilus Minerals Inc. : announced it has decided to preserve its cash position by terminating the construction of the equipment for its Seafloor Production System. Nautilus announced on June 1, 2012 that it was in dispute with the Independent State of Papua New Guinea, as to the parties' obligations to complete the Agreement entered into in March 2011. A further announcement was made on June 20, 2012 confirming that the State had issued a Notice of Arbitration to the Company. Nautilus Minerals Inc.
shares T.NUS are trading down $0.21 at $0.51.
