Advancing technology signals imminent opening of undersea mineral treasure chest

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HENRY LAZENBY on MINING WEEKLY | 29 August 2017

“In a new era of ever-advancing technology and increased legal certainty, ocean floor mining is set to take off in the next decade as several juniors jostle to be first to exploit the wealth hidden on the deep ocean floor.

DeepGreen Resources chief development officer Anthony O’Sullivan believes it is in the running to reach the ocean depths, with access to a prime base metals tenure in a prospective region of the Pacific ocean floor.

The company’s flagship Nori project is part of the Clarion Clipperton Zone (CCZ) of the Central Pacific, which was first discovered in 1873 – an area believed to hold an abundance of the polymetallic nodules, with metal concentrations occurring on the vast abyssal plains at a depth of about 4 000 m to 6 000 m in international waters.”

Read the full article at Mining Weekly

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