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Mining In The Deep Ocean

2016 11 27The necessary mining technology is too expensive relative to mineral prices for deep sea mining to be profitable, though, so no ones mined the nodules just yet. Right now, it is nonexistent, a wannabe industry, says John Wiltshire, the director of the Hawaii Underwater Research Lab, who has 40 years experience in the mining industry.

The project Breakthrough Solutions for Mineral Extraction and Processing in Extreme Environment Blue Mining received funding from the European Commission. The extreme conditions found on the deep ocean floor raise specific challenges, both technically and environmentally, which are demanding and entirely different from land based mining.

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