Holt, one of Magellan’s offshore managers, said the aim was to test the physical requirements and environmental impacts of ...

In 2019, a failed deep-sea mining venture in Papua New Guinea’s waters saddled the country’s government with a $120 million debt when the mining company it had invested in, Nautilus Minerals ...

The US feels otherwise. “Under the Deep Seabed Hard Mineral Resources Act, US companies can apply for exploration licenses ...

Deep sea mining has been off limits thus far, both because it's awfully hard, and because governments haven't yet firmed up regulations around extracting minerals offshore. That might soon change ...