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's parliament on Tuesday voted in favor of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners.The decision…
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…
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…
A Norwegian study has found a 'substantial' amount of metals and minerals ranging from copper to rare earth metals on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates. The Nordic country…
TMC, the company that describes itself as an explorer of the world’s largest estimated undeveloped source of critical battery metals, said Monday that its subsidiary NORI and offshore partner Allseas had successfully concluded the first integrated…
Fortescue Metals executive chairman Andrew Forrest on Tuesday said his charitable foundation is in favor of a pause on seabed mining, the first time a prominent mining executive has spoken out against the nascent industry.Forrest said the Minderoo Foundation…
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…
Norwegian offshore survey services firm Electromagnetic Geoservices (EMGS) has been selected as the acquisition provider for the NTNU ATLAB consortium. The consortium was formed to study geophysical imaging of geological processes and has received funding from the Norwegian Petroleum Directorate…
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)…
The Metals Company (TMC) and Allseas have successfully completed the initial deep-water trials of the polymetallic nodule collector vehicle in the Atlantic Ocean, TMC said Thursday.To remind, back in March, The Metals Company (TMC), a company…
Transocean, known for its offshore oil and gas drilling rigs services, said Tuesday it had acquired a minority interest in Ocean Minerals Ltd., a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market…
Impossible Mining, a company developing sustainable seabed mining technology, has said it has partnered up with the Dutch marine services company Boskalis to explore the integration of its robotics with vessel operations for selective harvesting of nodules in the Cook Islands…
The Metals Company (TMC), a company extracting battery metals from seafloor polymetallic nodules, said it had together with its strategic partner and shareholder, Allseas, successfully completed deployment and wet-test commissioning of their pilot robotic nodule collector vehicle…
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