Underwater Gold Mine: How They Turned a $700M Oil Rig Into a Deep Sea Mine
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760 views6 months ago
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"Ocean metals was about to go China's way." "Our first production vessel called the Hidden Gem was a former oil and gas drill ship that cost $700 million new in 2011, but we bought it for less than $50 million. We connected it with a huge riser, basically a giant straw, to pump minerals up from 4,200 meters below. The robot crawls along the seafloor, fires a jet of water at these nodules, and lifts them into the system before they’re pumped to the ship. It’s like harvesting a paddock of wheat—co
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"Ocean metals was about to go China's way." "Our first productio…
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