Bergen, Norway – Norwegian deep sea mining company, Loke Marine Minerals, has declared bankruptcy.[1] Loke had dreams of becoming the world’s largest deep sea mining company, holding licenses in the Pacific as well as setting their eyes on the Arctic. Now, their deep sea mining dreams have been shattered. Loke also owns UK Seabed Resources, which holds the UK’s two deep sea mining licenses in the Pacific.
In November last year, Loke Marine Minerals, pleaded for new investors, but recognised that they were struggling.[2] The reason: their potential investors “were not immune” to the strong resistance against deep sea mining. Today’s news comes as protestors disrupted a deep sea mining conference in…
