Deep Sea Mining News

Odyssey Marine Exploration, Inc. is pleased to see the issuance of a new Executive Order titled Unleashing America’s Offshore Critical Minerals and Resources. In addition, the company confirms that it currently has no specific plans to issue any securities under its universal shelf registration statement on Form S-3, which has been declared effective by the Securities and Exchange Commission (SEC) and provides Odyssey with the flexibility to access the capital markets in a timely manner.

India has extended an auction of deep-sea blocks containing critical minerals used in electric vehicle batteries and other products until May 1, a spokesperson at India's Ministry of Mines said on Wednesday.China is a top global producer of 30 of the 50 minerals considered critical by the U.S.

As companies approach the exploitation phase of Deep Sea Mining, one critical factor is the transportation of mineral ores from the mine site location to onshore refineries While this may appear to be a relatively simple step, involving conventional bulk ore carriers and standard procedures, the nuances and practical limits of operating in the deep ocean mean that this step becomes increasingly complex and challenging. This article will explore the STARS concept, the likely regulatory requirements, and the complexities of this new vessel type.

ABS awarded China Merchants Industry (CMI) Approval in Principle (AIP) for its self-developed Deep-sea Mining Riser and Lift System.The AIP follows ABS awarding AIP for CMI’s deep-sea mining system design, which was the first since ABS published the Guide for Subsea Mining, detailing class requirements for the design, construction, operation, and survey of mobile offshore mining units in 2020. This latest AIP also refers to the ABS Guide for Building and Classing Subsea Riser Systems.“Deep-sea mineral extraction requires us to push the technological frontiers…