How two companies plan to dig metals off the ocean floor

MELBOURNE Mon Jun 16, 2014 8:39am IST

The sun rises over St. Clair beach in Dunedin September 5, 2011. REUTERS/Brandon Malone/Files

The sun rises over St. Clair beach in Dunedin September 5, 2011.

Credit: Reuters/Brandon Malone/Files

Related Topics

Stocks

   

MELBOURNE (Reuters) - Trans Tasman Resources, a private New Zealand firm, and Canada's Nautilus Minerals Ltd could be mining for metals from the seabed by 2017. Here's how they plan to dig the bottom of the ocean.

For a related story:

TRANS TASMAN RESOURCES SOUTH TARANAKI BIGHT PROJECT

(here)

The project off the west coast of New Zealand's north island covers an area of about 66 square kilometres, at water depths of 20-42 metres.

A crawler machine, likened to a giant vacuum, will cut 11 metres into the seabed. Material will be pumped up to a processing plant on a ship, where iron ore will be separated using magnets.

TTR has applied to dig up to 50 million tonnes of rock a year. About 5 millon tonnes of that will be processed into iron ore concentrate, with the remaining material released back into the ocean by pipe to about 4 metres above the seabed.

Iron ore will be transferred onto a floating storage vessel and from there onto ships for export to steel mills.

NAUTILUS MINERALS SOLWARA 1 PROJECT

(here)

The Solwara 1 seafloor massive sulphide deposit lies in the Bismarck Sea in Papua New Guinea's territorial waters.

Nautilus will have to move 200,000 tonnes of volcanic ash from the site before it starts mining.

Nautilus plans to mine a total area of about 0.1 sq km on the seafloor about 1,600 metres under water, using three massive remote-controlled tools, one of which has already been built at a British factory.

The tools will cut into the seafloor, break the rocks and collect them in a slurry that will be piped 1.6 km to a production support vessel, where the ore will be removed.

The remaining water and rock will be sent back down another pipe nearly all the way back to the ocean floor.

WHO ELSE IS EXPLORING

The International Seabed Authority, a United Nations Agency based in Jamaica, is in charge of leasing in international waters. It has signed 17 exploration contracts with organisations backed by several countries, led by China, France, Japan, South Korea, Russia, and the United Kingdom.

(here)

(Compiled by Sonali Paul and Gyles Beckford; Editing by Michael Urquhart)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage