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These Mining Companies Are Ready to Raid the Seabed
Ocean exploration to prepare for deep-sea mining has been greenlit in Norway. These are the startups hoping to benefit.
In a world-first, Norway’s parliament voted on Tuesday to allow a new generation of mining companies to search a large area of Norwegian waters—the size of Italy—for the minerals needed to build electric cars, mobile phones, and solar panels. “We have an idea about what sort of organisms are down there,” says Steffen Leth Jørgensen, director of the deep sea center at Norway’s University of Bergen, explaining that he is concerned about the corals and sponge grounds. The technology needed to transport these deposits from the seabed, roughly 3 kilometers underwater, to the surface is already being used in the oil and gas industry, Monstad claims, adding that he believes the company could start test-mining as early as 2028.
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