The cost of deep sea restoration from mining operations is forecast to reach nearly 5.3 billion U.S. dollars by 2030 – excluding monitoring restoration progress expenses. This figure is higher than the estimated revenue an average company would make from deep sea mining, at around 4.4 billion U.S. dollars.
Deep sea mining is the extraction of minerals, metals, and rare earth elements found in the form of polymetallic nodules on the ocean floor. This practice removes all life attached to these nodules. Therefore, companies are responsible for restoring their mining area to its original state after operation.
Forecast impact of restoration costs on deep sea mining profit generation in 2030
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Planet Tracker. (June 27, 2023). Forecast impact of restoration costs on deep sea mining profit generation in 2030 [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1399477/forecast-deep-sea-mining-profit-generation-after-restoration/
Planet Tracker. "Forecast impact of restoration costs on deep sea mining profit generation in 2030." Chart. June 27, 2023. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1399477/forecast-deep-sea-mining-profit-generation-after-restoration/
Planet Tracker. (2023). Forecast impact of restoration costs on deep sea mining profit generation in 2030. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1399477/forecast-deep-sea-mining-profit-generation-after-restoration/
Planet Tracker. "Forecast Impact of Restoration Costs on Deep Sea Mining Profit Generation in 2030." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/1399477/forecast-deep-sea-mining-profit-generation-after-restoration/
Planet Tracker, Forecast impact of restoration costs on deep sea mining profit generation in 2030 Statista, https://www.statista.com/statistics/1399477/forecast-deep-sea-mining-profit-generation-after-restoration/ (last visited November 19, 2024)
Forecast impact of restoration costs on deep sea mining profit generation in 2030 [Graph], Planet Tracker, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1399477/forecast-deep-sea-mining-profit-generation-after-restoration/
