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Ocean-floor minerals are being touted as the next frontier

Ocean-floor minerals are being touted as the next frontier

A new kind of 21st-century mining company is emerging: the for-profit corporation as self-declared climate saviour.

Christopher Pollon

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At the climax of his address, Gerard Barron pulled up a split-screen showing two photographic visions of the future: an apocalyptic nickel strip mine, and a pristine stretch of deep seabed.

The former depicted business-as-usual land mining in Indonesia, and the latter was a stretch of seabed off the Peru coast that had been dragged with a plow about 30 years earlier, which appeared to have naturally recovered. “When we think of the planet as being over four-and-a-half billion years old, the planet will do a good job of repairing itself.”

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Original URL: https://www.afr.com/companies/mining/ocean-floor-minerals-are-being-touted-as-the-next-frontier-20231204-p5eowd