Deep-sea mining is floundering. The leading company in the race to mine the ocean floor has fallen out with its host government, while other projects have been delayed until the environmental effects are better understood.
In 2011, Papua New Guinea gave Canadian firm a licence to mine a field of hydrothermal vents in its waters, called Solwara 1, provided . The vents contain high-grade metal ores, including copper that is far more concentrated than most land-based deposits.
Scientists say the vents need more study first. 鈥淲e don鈥檛 know enough about the ecology, the ecosystems and the resilience of these systems,鈥� says of CSIRO in Sydney, Australia.
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Now Nautilus claims Papua New Guinea , so .
Race to the bottom
Nautilus was racing to be the first in the world to mine the sea floor. Now UK Seabed Resources, a subsidiary of Lockheed Martin, could take the lead. It has a licence to explore an area of the Pacific sea floor in international waters for minerals.
But it has a lot of work to do to catch up with Nautilus. 鈥淭here is no proposed mining operation similar to that proposed for Solwara at such an advanced stage,鈥� says Parr.
Meanwhile some governments are delaying deep-sea mining for ecological reasons, says Parr, with moratoria off the coasts of and Namibia.
鈥淕overnments are realising this isn鈥檛 just a flash in the pan,鈥� she says. 鈥淚t鈥檚 something that is building towards an industry.鈥�
