Impact of restoration in deep sea mining profit generation 2030
The cost of deep sea restoration from mining operations is forecast to reach nearly 5.3 billion U.S. dollars by 2030 – excluding monitoring restoration progress expenses. This figure is higher than the estimated revenue an average company would make from deep sea mining, at around 4.4 billion U.S. dollars.
Deep sea mining is the extraction of minerals, metals, and rare earth elements found in the form of polymetallic nodules on the ocean floor. This practice removes all life attached to these nodules. Therefore, companies are responsible for restoring their mining area to its original state after operation.
Deep sea mining is the extraction of minerals, metals, and rare earth elements found in the form of polymetallic nodules on the ocean floor. This practice removes all life attached to these nodules. Therefore, companies are responsible for restoring their mining area to its original state after operation.
