Norwegian Continental Shelf will open to seabed mining
The Norwegian government presents a strategy for becoming 'a global leader' in the management of seabed mineral resources.
Parts of the Norwegian continental shelf will open for commercial seabed mineral activities, while safeguarding environmental considerations, says the country's government.
The statement reads, 'Extraction will only be permitted if the industry can demonstrate sustainability and responsible practices.
'Norway has significant anticipated mineral resources on the seabed. If proven to be profitable and extraction can be done sustainably, seabed mineral activities can contribute to value creation and employment in Norway while ensuring the supply of crucial metals for the global energy transition. Extraction of minerals could become a new and important industry for Norway.'
Minister of Petroleum and Energy, Terje Aasland, says, 'To acquire more knowledge, we need to gather expertise and open for commercial mapping, exploration and extraction of seabed minerals. Therefore, we are proposing to open an area on the Norwegian continental shelf for mineral activities'
Prior to this opening, an impact assessment process, which was subject to public consultation, and a resource assessment were carried out.
More like this...
