“Vast increase of applications for deep sea mining contracts”

0
231
deep sea mining contracts
Photo: Wikimedia Commons

MARKKU BJöRKMANN on MINING METAL NEWS | 29 June 2017

“Industry estimates that billions of tons of manganese, copper, nickel and cobalt lie on or beneath the seafloor. These metals are used in electrical generators and motors, metal alloys, batteries, paints, and many other products.

“Undersea deposits of metals and rare earth elements are not yet being mined, but there has been an increase in the number of applications for mining contracts,” said Elva Escobar of the National Autonomous University of Mexico’s Institute of Marine Sciences and Limnology. “In 2001, there were just six deep-sea mineral exploration contracts; by the end of 2017, there will be a total of 27 projects.” ”

 

Read full article on Mining Metal News