Seabed mining offers a unique US $20 trillion opportunity to extract critical minerals. A recent report by Arthur D. Little looks into the prospects of deep-water mineral development: https://lnkd.in/ejYhn3tY
With land-based mining challenged by declining ore grades, stricter environmental regulations, and rising costs, seabed mining offers a chance to diversify portfolios and access higher-grade deposits.
For oil and gas companies with offshore operations, their deep-water exploration, drilling, and infrastructure skills are directly applicable to seabed mining. In addition, it allows island countries like Tonga and Kiribati, secure access to and benefit from resource-rich areas in the Pacific Ocean.
The International Marine Minerals Society (IMMS) has developed the Code for Environmental Management of Marine Mining, an internationally recognized framework for managing the environmental impacts of seabed development.
#mining #seabed #criticalminerals #oilandgas #arthurdlittle
Is seabed mining the future of resource extraction?
Thanks to technological advances, seabed mining is becoming commercially viable and may significantly bolster global supplies of materials for multiple green technologies.
This creates strategic opportunities for governments, metals/mining companies, and oil/gas companies. However, there are concerns about potential environmental impact. In this Viewpoint, we therefore explore the economic potential and environmental impact of seabed mining as an alternative to traditional land-based mining.
Learn more here: https://lnkd.in/gnqiXhSa
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