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Forecast impact of restoration costs on deep sea mining profit generation in 2030

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Source

Release date

June 2023

Region

Worldwide

Survey time period

2023

Special properties

Estimates

Supplementary notes

Data refers to restoration using artificial clay nodules. Does not include the cost of monitoring restoration progress.

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Impact of restoration in deep sea mining profit generation 2030

Published by ÌÇÐÄÆƽâ°æ Research Department, Jul 18, 2023
The cost of deep sea restoration from mining operations is forecast to reach nearly *** 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 *** 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.
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