DeepGreen in race to the bottom

Anthony O'Sullivan thinks the "most aggressive" contractors aiming to be first to restart harvesting rich mineral resources off the Pacific Ocean seafloor between Mexico and Hawaii might be in production in seven-to-10 years. DeepGreen Resources wants to be in the first wave (again).

Richard Roberts in Toronto

DeepGreen Resources is working with Denmark's Maersk to unlock mineral riches deep in the Pacific Ocean

The company's chief development officer said at PDAC in Toronto this week DeepGreen had completed an internal preliminary economic assessment on its proposed flagship project, Nori, in the Clarion Clipperton Zone (CCZ), and was heading back out on the high seas in April to start a "detailed survey" to support environmental base line studies and resource assessment work.