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The last days of Nautilus Minerals.

After nearly two decades of promise and two years of confusion and uncertainty, it looks like the curtain has finally closed on Solwara I and Nautilus Minerals. In the mid-2000’s, Nautilus Minerals made their mark as the first commercial venture to explore seafloor massive sulphides for potential mineral extraction. In the early 2010’s the company […]

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The deep-sea mining community adapts to the new normal under coronavirus restrictions.

Maria Bolevich for DSM Observer The coronavirus pandemic is changing the world in dramatic and subtle ways, exacting a toll measured both in lost lives and economic uncertainty. Deep-sea mining has been in development for over 50 years and now, at the moment in which negotiations were poised to transition the industry from exploration to […]

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With TOML acquisition, DeepGreen expands its footprint across the Pacific

Last week DeepGreen announced that it had finalized the acquisition of Tonga Offshore Mining Limited, a subsidiary of the former Nautilus Minerals, from Deep Sea Mining Finance, who is overseeing Nautilus’s restructuring. Outside of Solwara I, TOML was one of Nautilus’s most valuable holdings, and though the acquisition price has not been revealed, it will […]

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As deep-sea mining inches towards production, a global pandemic brings negotiations to a halt.

When the first part of 26th Session of the International Seabed Authority convened last month, there was a new stakeholder impacting the pace of deliberations. COVID-19 had just begun to spread beyond China and nations across the world were limiting travel in the hopes of containing the outbreak. With Jamaica imposing a 14-day quarantine on […]

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Solid state batteries could change the seascape for deep-sea mining

In 1980, Dr. John B. Goodenough unraveled the electro-chemical reactions that would give birth to one of the single most important inventions of the 20th century: the lithium ion battery. The first commercially viable rechargeable lithium ion batteries were soon being produced by Dr. Akira Yoshino at Sony. Without these tiny cells’ immense potential to […]

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“We need to make choices based on evidence”: an interview with GSR managing director Kris Van Nijen

Maria Bolevich for DSM Observer Global Sea Mineral Resources (GSR) is founded by Deme Group, a world leader in dredging, marine engineering and environmental remediation. In 2013, GSR and the International Seabed Authority entered into a 15-year contract for the exploration for polymetallic nodules in the Clarion-Clipperton Zone. Kris Van Nijen, the managing director of GSR, […]

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A nodule harvester. Image courtesy DeepGreen.

DeepGreen raises $150 million as it advances towards production

DeepGreen Metals has secured $150 million in funding through a partnership with Allseas Group to launch the mining company’s first large-scale feasibility studies. These trials, slated for completion in 2023, will help pave the way for commercial exploitation of polymetallic nodules in the Clarion-Clipperton Fracture Zone. DeepGreen views polymetallic nodule extraction as an essential step […]

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Diamond mining moves offshore and into the deep.

Of the coast of Namibia, in barely 200 meters of water, an entirely different kind of deep-sea mining is taking shape. The target is neither precious metals, rare earth elements, or the minerals destined to supply next-generation batteries and power cells, but diamonds. The company is De Beers, the world’s largest diamond producer, and they […]

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Krypton Ocean: big vision and small steps towards mining the seafloor.

One of the fascinating aspects of the deep-sea mining community is how much history is shared among contractors. Nautilus Minerals, GSR, DeepGreen, and, especially, Lockheed, have expertise among their staff stretching all the way back to the early days of the Glomar Explorer. During our investigation into nodules for sale, we interviewed several people who […]

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