By Victoria Klesty and Nerijus Adomaitis OSLO (Reuters) - Norway may become the first country to start commercial deep sea mining, if parliament ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Victoria Klesty and Nerijus Adomaitis
It's also a part of Norway's strategy to develop new maritime industries as its top export, oil and gas from offshore, is expected to decline gradually.The Labour-led minority government has proposed to open about 280,000 square km of ocean areas between Jan Mayen island and the Svalbard archipelago.
Those minerals were found in polymetallic sulphides, or so-called"black smokers", some 3,000 metres deep. It's where seawater contacts magma coming up through the surface through tectonic cracks and then is flushed back carrying dissolved metals and sulphur. Companies say they plan to extract minerals from inactive hydrothermal vents, where biodiversity is less abundant, but some scientists say they are concerned the practice could destroy the species even before they are discovered.
Norway is encouraged by EU ambitions to diversify imports of critical minerals and to boost local production.
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