Deep Sea Mining – The Mineral Bonanza 0.72 Leagues Under The Sea

We respect your privacy, by clicking "Download Your Copy" you will receive our e-newsletter, including information on Podcasts, Webinars, event discounts, online learning opportunities and agree to our User Agreement. You have the right to object . In addition, you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. For further information on how we process and monitor your personal data click here. You can unsubscribe at any time.

In 1959, John L. Mero of the Institute of Marine Resources at Berkeley published a 96-page document entitled "A Preliminary Report on the Economics of Mining and Processing Deep-sea Manganese Nodules". In this landmark study, he discussed the geological and economic aspects of mining the seabed for polymetallicnodules found often partly or completely buried in seabed sediment.

In the 19 years between 1965 and 1984, it is estimated that as much as $650 million was pumped into deep sea mining space. Unfortunately, vaulting ambition was not met by technological prowess and most of this investment had sunk without a trace within the space of two decades.

By the mid 1980s it seemed that the dreams of easy riches scooped and scraped from million year old deposits on the sea bottom had receded back to pages of science fiction from whence they came. In this article we track what happened next and why.....

Tim Haðdar is the Editor In Chief at Oil & Gas IQ. Reach Him At Twitter Or OGIQ