These Mining Companies Are Ready to Raid the Seabed ...Middle East

But deep-sea mining is considered a risky business not just because of environmental concerns. Norway’s startups are betting on an industry that doesn’t yet exist. “It could end up not becoming an industry at all because the resources are not there or the technology’s not good enough,” says Håkon Knudsen Toven, spokesperson for the industry group Offshore Norway. “I think that’s one of the main reasons why for now you only have some small startups.” Loke might be focused on the Norwegian seabed’s manganese crust, but another Norwegian startup, Green Minerals, wants to try to extract copper from what’s known as seafloor massive sulfide (SMS) deposits, according to its CEO Ståle Monstad. The

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