A company which had dreams of becoming the world’s largest deep sea mining company has declared bankruptcy. Norwegian company, Loke Marine Minerals, aimed to hold licences in the Pacific and 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 licences in the Pacific.
Last November, 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. The news comes as protestors disrupted a deep sea mining conference in the Norwegian city of Bergen.[3]
This is the latest blow for the…
