The Mining Industry’s Next Frontier Is Deep, Deep Under the Sea - WIRED   

In October of last year, an enormous new creature appeared on the seabed of the Pacific Ocean, about 1,400 miles southwest of San Diego. It was a remote-controlled, 90-ton machine the size of a small house, lowered from an industrial ship on a cable nearly 3 miles long. Once it was settled on the ocean floor, the black, white, and Tonka-truck-yellow contraption began grinding its way forward, its lights lancing through the darkness, steel treads biting into the silt. A battery of water jets mounted on its front end blasted away at the seafloor, stirring up billowing clouds of muck and dislodging hundreds of fist-sized black rocks that lay half-buried in the sediment.

The ship, called the Hidden Gem, was a former oil-drilling vessel nearly 800 feet long, retrofitted for sea mining by the Metals Company, an international firm officially headquartered in Canada. This was the first test of its system to collect the ancient black stones. They are officially known as polymetallic nodules, but the Metals Company's CEO, Gerard Barron, likes to call them "batteries in a rock." That's because the stones happen to be packed with metals that are essential for manufacturing electric cars—a market that is surging worldwide. Barron's company is at the front of a pack of more than a dozen enterprises slavering over the billions of dollars that could be reaped from those little subsea rocks.

The world's long-overdue, fitful transition to renewable energy is hobbled by an Achilles' heel: It requires staggering quantities of natural resources. Manufacturing enough electric vehicles to replace their fossil-fueled counterparts will require billions of tons of cobalt, lithium, copper, and other metals. To meet the exploding demand, mining companies, carmakers, and governments are scouring the planet for potential mines or expanding existing ones, from the deserts of Chile to the rain forests of Indonesia. Meanwhile, what might be the richest source of all—the ocean floor—remains untapped. The US Geological Survey estimates that21billion tons of polymetallic nodules lie in a single region of the Pacific, containing more of some metals (such as nickel and cobalt) than can be found in all the world's dryland deposits.

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