Extracting minerals from the ocean floor could negatively impact biodiversity on a scale of up to 25 times greater than land-based mining, and fixing the damage would cost twice as much as extraction, a new report said on Thursday.A search for alternatives to fossil fuels has driven demand for materials that go into batteries, some of which can be found on the seabed where ecosystems have yet to be fully explored…
Norway may become the first country to start commercial deep sea mining, if parliament approves a government proposal to open an offshore area larger than the United Kingdom, despite international calls for a global moratorium. Parliament is set to discuss the government's bill this autumn…
Norway's minority government should withdraw its proposal to open a vast Arctic offshore area to deep sea mining and call at least a ten-year moratorium on the activity, its key backer in parliament, said.Norway could become the first nation…
Norway-based offshore survey firm Argeo said Thursday it had won a deep-sea survey contract comprising multi-sensor data acquisition with AUV for the Norwegian Petroleum Directorate (NPD) to evaluate further mineral resource potential in the northern part of the Mid-Atlantic Ridge (Knipovich Ridge)…
Offshore drilling company Transocean has agreed to invest in DEME Group’s subsidiary Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling stake in the company. GSR is the deep-sea mineral exploratory company engaged in the…
The Metals Company (TMC) said Wednesday it had collected an initial batch of seafloor polymetallic nodules, and transported them up a 4km-long riser system to the surface in the Clarion Clipperton Zone of the Pacific Ocean.TMC, the explorer…
The Metals Company (TMC), a company gearing up for commercial metallic nodule collection from the seabed, said Wednesday that a team of independent scientists from leading research institutions around the world and contractors has started the…
2023 could be a significant year for subsea mining, both in Norway and internationally. Norway’s environmental impact assessment for marine mining is ongoing, and the opening of the first Norwegian area for marine mining licenses is due to be approved while the International Seabed Authority (ISA)…
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