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These Mining Companies Are Ready to Raid the Seabed
Jan 17, 2024
Norway has approved ocean exploration for deep-sea mining, and startups are eager to benefit. The podcast explores the challenges and concerns in the industry, including major companies divesting from deep sea mining and the need for environmental data. The debate on the potential environmental impact and arguments for and against deep sea mining is also discussed.
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Quick takeaways
- Deep sea mining in Norway has been greenlit, sparking controversy and concern among activists and researchers over its potential negative impact on the underwater ecosystem.
- Loki marine minerals plans to mine the seabed's manganese crust for cobalt and rare earth minerals, arguing that extracting minerals from the seabed could cause less damage than extracting them from land.
Deep dives
Norway's Parliament votes to allow deep sea mining
Norway's Parliament has voted to allow mining companies to explore a large area of Norwegian waters for minerals needed in electric cars, mobile phones, and solar panels. This decision paves the way for deep sea mining in the Arctic. While some companies are cutting ties with deep sea mining due to environmental concerns, Loki marine minerals plans to mine the seabed's manganese crust for cobalt and rare earth minerals.
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