Plucking minerals from the seabed is back on the agenda

Crunch time for submarine mining

IN THE 1960s and 1970s, amid worries about dwindling natural resources, several big companies looked into the idea of mining the ocean floor. They proved the principle by collecting hundreds of tonnes of manganese nodules—potato-sized mineral agglomerations that litter vast tracts of Davy Jones’s locker. At first sight, these nodules are attractive targets for mining because, besides manganese, they are rich in cobalt, copper and nickel. As a commercial proposition, though, the idea never caught on. Working underwater proved too expensive and prospectors discovered new mines on dry land. Worries about shortages went away, and ocean mining returned whence it had come, to the pages of science-fiction novels.

Now it is back. As Mark Hannington of the GEOMAR-Helmholtz Centre for Ocean Research, in Germany, explained to the AAAS, prototype mining machines are already being tested, exploration rights divvied up between interested parties, and the legal framework put in place. Next week the International Seabed Authority, which looks after those parts of the ocean floor beyond coastal countries’…Continue reading
Source: Economist