[HN Gopher] The Metals Company subsidiary lifts over 3000T of no...
       ___________________________________________________________________
        
       The Metals Company subsidiary lifts over 3000T of nodules to sea
       surface
        
       Author : bill38
       Score  : 72 points
       Date   : 2022-12-14 19:40 UTC (3 hours ago)
        
 (HTM) web link (investors.metals.co)
 (TXT) w3m dump (investors.metals.co)
        
       | spqr0a1 wrote:
       | Unfortunately this sort of mining has long-term impacts on deep
       | sea ecology. It causes substantial loss of species diversity and
       | activity even 26 years later, with this paper estimating recovery
       | will take at least 50 years for a small test patch.
       | https://www.science.org/doi/10.1126/sciadv.aaz5922
        
         | elil17 wrote:
         | Things are a little more complicated than that.
         | 
         | 1. Surface mining also has environmental consequences which
         | have to be weighed against the costs of deep sea mining. An
         | area impacted by surface mining can recover in just a decade,
         | but it takes intensive environmental restoration efforts on the
         | part of humans (https://news.ucsc.edu/2021/05/mine-
         | remediation.html). If similar techniques could be developed for
         | deep sea applications, it could reduce the impact of deep sea
         | mining.
         | 
         | 2. Researchers are developing robots with advanced propulsion
         | systems which could dramatically reduce the disturbance to sea-
         | floor sediment by mimicking the ways that rays move.
         | (https://interestingengineering.com/culture/new-autonomous-
         | su...) Of course, this is still an active area of research, and
         | it would probably take regulation to force deep sea mining
         | companies to adopt these measures.
         | 
         | 3. Nodules are much easier to process, reducing the carbon
         | footprint of deep sea mining vs. surface mining by up to 80%
         | for some metals. (https://www.sciencedirect.com/science/article
         | /pii/S095965262...) This study even tries to account for the
         | secondary effects of mining such as the different impacts that
         | surface and deep sea mining have on carbon sequestered in the
         | ecosystem.
         | 
         | 4. Surface mining is more harmful to humans than deep sea
         | mining is because it can leach dangerous chemicals into fresh
         | water supplies. (https://www.usgs.gov/special-topics/water-
         | science-school/sci...)
         | 
         | The effects of deep-sea mining on ocean ecology are much less
         | well understood than the effects of surface mining. While I do
         | think there's good reason to be optimistic about the benefits
         | of deep-sea mining, especially if it can displace surface
         | mining, we shouldn't assume we understand what will happen. I
         | hope the industry continuous to be forced by regulators to move
         | forward cautiously and allow time for environmental studies to
         | take place.
         | 
         | edit: These people are trying to build a deep sea miner that
         | doesn't destroy the seafloor: https://impossiblemetals.com/
        
           | cgh wrote:
           | Point 4 is mostly confined to old abandoned sites, as
           | mentioned in your link. Modern tailings aren't left to leach
           | acid all over the place, at least not in North American
           | mines. I get that all bets are off in eg Africa, however.
        
             | elil17 wrote:
             | Sure, but a lot of surface exploitation is planned
             | globally. Africa and Asia are certainly going to be seeing
             | new mines opening due to demand for solar/batteries.
        
               | cgh wrote:
               | For sure, I was taking issue with the absoluteness of the
               | assertion that all terrestrial mines are leaching from
               | their tailings piles/ponds. It's not true of many (most?)
               | modern mines.
        
               | elil17 wrote:
               | I didn't mean it as an absolute assertion, but I can see
               | that I didn't make that clear.
        
           | orbital-decay wrote:
           | _> Surface mining also has environmental consequences which
           | have to be weighed against the costs of deep sea mining._
           | 
           | What will actually happen is both types will be happily used
           | at the same time, so there's little point in weighting one
           | against the other.
           | 
           | Any other rationalization misses the fact that this is an
           | extremely poorly understood environment (especially if we do
           | compare with surface mining). It's never a good idea to
           | tinker with unknown at scale without understanding it first,
           | let alone commercializing it. Mining history is practically
           | written in mistakes like that.
        
             | culi wrote:
             | Right. Especially as we ramp up our reliance on solar
             | panels (and therefore batteries). These operations are now
             | heavily subsidized and we'll likely be making 100% use of
             | every avenue available to mine as much as possible as soon
             | as possible
             | 
             |  _sigh_. If only we put this much funding into solving our
             | exploding e-waste crisis which could also help alleviate
             | the problems of rare metals
        
               | jeffbee wrote:
               | We don't need weird elements to support solar with
               | batteries. Grid stabilization can do fine with lead-acid
               | batteries. Both lead and sulfur are readily available.
               | There are also iron batteries and other emerging battery
               | chemistries, as well as non-battery storage like pumped
               | liquids or pressurized gases.
        
               | arcticbull wrote:
               | Or you can reduce your need for batteries with by
               | combining clean, green, safe nuclear reactors - and smart
               | grids capable of varying their demand instead of us
               | trying desperately to adjust supply.
               | 
               | As more folks move to electric cars, a smart grid would
               | allow chargers to charge less at periods of intense
               | demand.
               | 
               | We've really focused exclusively on adjusting supply to
               | meet demand - which is clearly very difficult - but we
               | instead (or in addition) adjust aspects of the demand
               | curve to smooth out variability in loading conditions.
               | This should be easier and significantly cheaper.
        
               | Robotbeat wrote:
               | Don't need manganese or any rare minerals for batteries.
               | Lithium iron phosphate batteries are used in the least
               | expensive Teslas (base Model 3 and Y), and although
               | lithium is very abundant, you can even substitute it for
               | the even more abundant Sodium with only a slight weight
               | increase. That's superior to Lead based batteries in
               | nearly every way.
        
               | elil17 wrote:
               | I don't think it's true that both will be used at once -
               | if deep sea mining is cheap enough, it could make surface
               | mining non-viable. A carbon tax could certainly eliminate
               | surface mining because smelting surface minerals uses so
               | much more energy compared to smelting nodules.
               | 
               | We actually put much more funding into e-waste recycling.
               | Allseas most recent funding round was $150m, and they're
               | the only major player in the deep sea mining space. But
               | Redwood materials, one of many e-waste recycling
               | startups, has raised $700m in their most recent round.
        
           | ulrashida wrote:
           | Sea floor mining is widely ridiculed by both environmental
           | and mining professionals as having more risk than equivalent
           | and better understood efforts on land. At least its close
           | cousin, space mining, has the benefit of taking place off
           | planet. I hope we never see this activity occur commercially
           | in our lifetimes: we barely have gotten a handle on surface
           | and underground mining, why do we run off to scrape the ocean
           | as well?
           | 
           | On 1: The study you have referenced refers to the
           | difficulties of remediating historical abandoned sites, often
           | run under inadequate regulations typically in the 1850's -
           | 1960's. Modern sites are no joke to remediate, but regulators
           | are beginning to pick up on what causes problems to occur and
           | how to ensure these costs are factored into the mining
           | operation. The difficulty of applying effective regulations
           | to international undersea areas is enormous.
           | 
           | On 2: That's great -- lots of things could happen to improve
           | technology in both terrestrial and submarine mining.
           | 
           | On 3: Carbon footprint is not everything when determining the
           | appropriateness of mining. The study cited by the Science
           | article assumes tailings deposition at sea -- mines are not
           | permitted to do this. The article also swans repeatedly over
           | how "high grade" nodules are, but makes no direct reference
           | to their actual grade. The underlying paper suggests a grade
           | of 1.3-1.4 weight percent which is on the bottom end of mid-
           | grade.
           | 
           | On 4: This point can not be concluded without further study.
           | While terrestrial mining has had more historical impacts to
           | humans, this does not allow for comparison on future
           | terrestrial mining vs. a relatively unknown ecosystem impact
           | from aquatic mining. Mining is also not assessed on purely
           | anthropocentric impacts. We've begun to appreciate that
           | systems are interconnected and humans are only one receptor.
           | Enormous caution is required, certainly more than "lower
           | emissions = good".
        
             | elil17 wrote:
             | I'm not sure that sea floor mining is widely ridiculed.
             | I've seen it taken about as seriously by grantmakers as
             | other emerging technologies. That said I'm not in the
             | mining space.
             | 
             | I'm don't disagree with your points - there's a lot of
             | uncertainty around all of this research. But, from what I
             | can see, regulators are doing the right thing and being
             | very cautious to do environmental studies at each step of
             | the way. Maybe I'm way off about that.
        
       | AceJohnny2 wrote:
       | An opposite take of the validity of deep sea mining was covered
       | on Real Engineering's youtube channel a couple months ago:
       | 
       | https://youtu.be/73mXXJpEjRI
        
       | zoklet-enjoyer wrote:
       | Oh, I thought this type of mining didn't even exist and was just
       | a cover for that nuclear submarine retrieval
        
         | atlasunshrugged wrote:
         | It used to be and actually helped to spark the industry because
         | the Intel folks paid for studies and the like to cover their
         | tracks which actually helped contribute to opening up the
         | field!
        
       | janee wrote:
       | Article aside, the interface shown top left in the control room
       | pic looks quite polished.
       | 
       | Couldn't make out what the program is called...was expecting a
       | more win xp looking UI haha
        
         | oxyboy wrote:
         | Disturbing that the wall of monitors seems to be blocking the
         | exit out of that control room or it's some really tight crawl
         | space!
        
       | jez wrote:
       | I enjoyed this 3-minute video from The Metals Company YouTube
       | channel a bit better than this press announcement for learning
       | about what this company is and what they're trying to do:
       | 
       | https://www.youtube.com/watch?v=Ib4azYzQY9k
        
       | Thoreandan wrote:
       | Hadn't heard of this, found concerns about the environmental
       | impact & the CEO's previous company Nautilus Minerals:
       | 
       | https://en.wikipedia.org/wiki/The_Metals_Company
       | 
       | https://en.wikipedia.org/wiki/Manganese_nodule
       | 
       | (2021-Jun) https://www.wsj.com/articles/environmental-investing-
       | frenzy-...
        
       | cstross wrote:
       | Just as a reminder, the idea of mining deep sea manganese nodules
       | was developed by Howard Hughes' Glomar subsidiary in the 1970s as
       | a cover story for the CIA's Project AZORIAN, a project to build a
       | "deep sea mining ship" (the Hughes Glomar Explorer) that would
       | deploy a sub-surface barge (the HMB-1) with a giant grapple to
       | raise the sunken Soviet nuclear missile submarine K-129.
       | 
       | As such the scheme had to be "sufficiently plausible bullshit" to
       | withstand scrutiny, while not necessarily needing to be
       | economically feasible.
       | 
       | (No, I'm not making this up.)
       | 
       | https://en.wikipedia.org/wiki/Project_Azorian
        
         | AceJohnny2 wrote:
         | For context, above commenter wrote a wonderful James Bond
         | pastiche novel inspired by Project Azorian, because how
         | couldn't he:
         | 
         | https://www.goodreads.com/book/show/14150.The_Jennifer_Morgu...
        
           | ethbr0 wrote:
           | When you're going to reply "And there was that Laundry
           | reference too," and then notice that cstross was the "above
           | commenter"...
        
             | gpderetta wrote:
             | I came to this thread to post a laundry reference, but
             | cstross beat me to it. Can't complain :)
        
           | cstross wrote:
           | I'm not the only SF writer to have gone there, either: Harry
           | Turtledove published one just this year!
           | 
           | https://www.amazon.com/Three-Miles-Down-Harry-Turtledove-
           | ebo...
        
         | mherdeg wrote:
         | Last year I read a pretty good sf short story about deep-sea
         | polymetallic nodule mining and went out and bought $34 of
         | warrants on TMC, now worth $1.69. Ah well, I guess reading sf
         | is not due diligence.
         | 
         | I cannot for the life of me remember what the story was though
         | -- I don't think it was Arula Ratnakar's "Submergence". Hmmm.
         | Maybe it was "The Little Shepherdess"?
        
           | ethbr0 wrote:
           | Something's good-ideaness is independent of both its current
           | equity-price and its financials.
           | 
           | A great investment is a good idea (rare) that _also_ happens
           | to be undervalued (relative to the market) and possess strong
           | financials (ability to fund itself in the current macro
           | climate).
        
           | Something1234 wrote:
           | Wait what is TMC? Is this like futures trading, but with less
           | liquidity?
        
             | [deleted]
        
             | [deleted]
        
             | isquaredr wrote:
             | Abbreviation for "The Metals Company" which is the subject
             | of the article
        
         | yardie wrote:
         | I had science books in middle school that when showing an
         | example of manganese (for the chemical elements section), they
         | included a shot of the Glomar Explorer mining it from the sea
         | floor. That's how thorough the plausibility was to make it into
         | public school textbooks.
        
         | EdwardDiego wrote:
         | > Project Azorian (also called "Jennifer" by the press after
         | its Top Secret Security Compartment)
         | 
         | Ahhhh, hence The Jennifer Morgue.
        
         | proee wrote:
         | Makes you wonder what companies are being used for cover
         | stories today?
        
         | oldgradstudent wrote:
         | According to a book on project Azorian whose name I forgot
         | claimed that the CIA hype on deep sea mining was so strong that
         | some universities opened deep sea mining programs and recruited
         | quite few students who were very surprised to discover that
         | they spent years of study as part of the CIA cover story.
        
           | _tom_ wrote:
           | They did the same for modern art.
           | 
           | https://daily.jstor.org/was-modern-art-really-a-cia-psy-op/
           | 
           | With similar results.
        
       | Guthur wrote:
       | Lol, this is going to be so much better for the environment,
       | right?
        
       | zeristor wrote:
       | In the 80s on UK's Channel 4, there was a series of four films,
       | Oceanus Ecumenicus, that talked about mining ocean floor nodules,
       | Ocean Thermal Energy (OTEC), Saudi Arabia mining silver from the
       | bottom of the Red Sea, I can't remember what the fourth one was
       | but since the series was sponsored by British Gas I could make a
       | guess.
       | 
       | I'd love to see that again, but it doesn't seem to have found
       | it's way to YouTube yet.
        
       | sklargh wrote:
       | I feel pretty torn about this. Deep sea mining's impacts are
       | largely unknowable. Assuming they resemble issues created by on-
       | land open face mining it's pretty clear that they will be
       | enormously destructive to ecosystems. Do the ecosystems at an
       | ocean's bottom matter to humans materially, unknown.
       | 
       | But on-land mines are definitely worse with our current data. My
       | guess is this turns into a giant disaster but I'm inclined to
       | noodle forward.
        
       | devindotcom wrote:
       | Not that I have a better solution, but won't this suck up and
       | kill seabottom creatures and denude their habitat?
        
         | sp332 wrote:
         | Yes, but the alternative is having fewer batteries.
        
           | mrguyorama wrote:
           | No, the alternative is manufacturers paying a dollar more for
           | a battery made using more careful mining processes. Obviously
           | that's a no go, because then I can't sell $3 "one time use"
           | lithium ion battery packs as a "quick charge on the go" and
           | literally throw away a reusable product.
        
         | bglazer wrote:
         | Not only that, it also creates an enormous amount of underwater
         | noise which distresses whales and dolphins. Further, it creates
         | plumes of silt and tailings. All of this in a very poorly
         | understood ecosystem. We have no idea what consequences this
         | activity will have.
        
         | UncleOxidant wrote:
         | These deep sea species tend to be very slow growing. It could
         | take centuries for a mined section to recover.
        
         | eloff wrote:
         | Doesn't surface mining also do that?
        
           | SECProto wrote:
           | > Doesn't surface mining also do that?
           | 
           | No, surface mining doesn't "suck up and kill seabottom
           | creatures". :)
           | 
           | More sympathetically: yes, surface mining can have habitat
           | loss issues (i.e. land use changes), but the bigger issue
           | erosion and sediment control, the management of which is a
           | major component of any modern mine in a well regulated
           | country. Maybe there are ways to mitigate subsea sediment
           | migration, but they definitely haven't been studied to nearly
           | the same extent as surface issues and mitigations
        
             | eloff wrote:
             | The sediment migration was part of what was being studied
             | here, so maybe they will mitigate it somewhat. I'm not
             | super optimistic given our mining record on land. Still the
             | deep ocean is mostly a desert, and it's massive, so I think
             | we can afford to damage it a little. The alternative is
             | land mining, which is also damaging.
        
       | Darkphibre wrote:
       | The metric of "hauling 40 Tesla Model S vehicles up every sixty
       | minutes." is a strange one. A '93 Honda Accord would be divisible
       | to the minute (60/hr). Or even 52lbs/second... Though I suppose
       | those don't sound as flashy.
       | 
       | Alternatively, I'd be curious how many tesla _batteries_ in raw
       | materials that equated to per hour.
        
       | grapescheesee wrote:
       | I can't help but think, more and more often; how destructive and
       | short sighted human technology has become. I find it fascinating
       | to watch how ingenious we are, but equally or more terrifying.
       | The ocean is our single life sustaining force.
        
         | Darkphibre wrote:
         | I found the book Rama Revealed by Arthur C. Clarke and Gentry
         | Lee to be an unbelievable and depressing outlook on the short
         | sidedness of man's assault on limited resources.
         | 
         | And then I was driving through Phoenix Arizona, looking out at
         | the concrete landscape and concrete riverways, and realized
         | just how right he was.
        
           | vwoolf wrote:
           | A large part of the reason Phoenix (the greater metro area)
           | is as large as it is is because most of California restricts
           | new housing construction so severely. I'd not live here if it
           | weren't so much more affordable than California.
           | 
           | The parking-lot sprawl is appalling, and should be reversed,
           | but California policies (like those in New York, Boston,
           | etc.) have a lot to do with the growth of the Phoenix-to-
           | Florida area.
        
             | aporetics wrote:
             | Interesting, but that's just a proximal cause.
             | 
             | The question is what will it take for us all, collectively,
             | to refrain from using whatever is it hand for whatever we
             | happen to desire. Out of respect for what?
             | 
             | Most of the time this kind of self restraint does not
             | really seem conceivable. Instead, in debates like this,
             | we'll defer to emissions and sequestration data, without
             | ever confronting what what it is that led us to blithely
             | create and deploy machines like this and shrug off the
             | damage.
        
         | zokier wrote:
         | > I can't help but think, more and more often; how destructive
         | and short sighted human technology has become
         | 
         | I'd say the attitudes 50 or 100 years were dramatically more
         | short sighted than today; destructiveness is bit debatable but
         | lets not kid ourselves that the past was some gentle setting.
         | Also take into account the fact that human population has
         | quadrupled in the past 100ish years, and industrialized
         | population growth has been even more dramatic; I don't know if
         | you can say technology has become much more destructive when
         | there are just so much more people partaking in that
         | destruction.
        
           | grapescheesee wrote:
           | Yes, that is interesting, and it is exacerbating the visible
           | negatives. It is true, in general the expectations of first
           | world quality of life; insofar as the current daily drivers.
           | I do believe regardless of the scale, technology has become
           | more destructive. The root cause has become far more nuanced,
           | yet at the center is the idea. Human curiosity to see and
           | prove, which itself isn't bad. The capital to prove the idea,
           | and advance; is when the damage starts. I am not able to
           | refute this cycle, it is just how the cutting edge of
           | industry works.
           | 
           | So it might appear you are correct.
        
         | [deleted]
        
       | themgt wrote:
       | Just found this article with some research from earlier
       | polymetallic nodule mining finding significantly decreased carbon
       | sequestration in the mined areas. Won't be great news if mining
       | the "Planet's Largest Deposit of Battery Metals" winds up
       | worsening global warming.
       | 
       | https://ceramics.org/ceramic-tech-today/environment/explorin...
        
         | devindotcom wrote:
         | Ceramics.org vs Metals.co, how surreal.
        
         | elil17 wrote:
         | This study (https://www.sciencedirect.com/science/article/pii/S
         | 095965262...) looked at what the actual impact of that carbon
         | release would be. Even if deep sea mining completely destroyed
         | the ability of the sea floor to sequester carbon and it took
         | 100 years to recover, it would only release 0.025 gigatons of
         | CO2.
         | 
         | In contrast, if we wanted to get the same metals from the land,
         | it would release 0.065 gigatons of CO2.
         | 
         | While there's a good bit of uncertainty in these estimates.
         | Regardless, the impact is dwarfed by the savings from more
         | efficient smelting processes enabled by deep sea nodules, which
         | could save about 1 gigaton of carbon.
        
           | culi wrote:
           | That's releasing, but what about the impact of the ability to
           | sequester more CO2? Most of soil sequestration estimates are
           | based on some really shaky soil science,[^0] but the oceans
           | are known to be a much more effective means of sequestering
           | carbon
           | 
           | [^0]:
           | https://www.theatlantic.com/science/archive/2021/07/soil-
           | rev...
        
             | elil17 wrote:
             | Oceans are great at sequestering carbon, but that's via
             | dissolved CO2 and ecosystems near the surface (which are
             | not impacted by deep sea mining). The seabed ecosystem
             | plays an ancillary role.
             | 
             | Meanwhile, I'm not aware of any proposals to sequester
             | carbon in seabed ecosystems.
             | 
             | I'm certainly not qualified to analyze the accuracy of a
             | soil science study or the field as a whole. As someone not
             | in that specialty, the figure that jumps out at me is the
             | 40x difference between the impact from ecosystem damage vs.
             | other impacts. Generally that tells me that the potential
             | for ecosystem impacts to nix the climate benefits of deep
             | sea mining is low - it would require that soil science be
             | so wrong that they missed over 90% of the carbon content of
             | the seabed.
        
       | opwieurposiu wrote:
       | It is crazy that there are trillions of dollars worth of these
       | nodules laying around just waiting for someone to pick them up.
       | 
       | Congrats to the team that made this work.
        
         | 09bjb wrote:
         | Fantastic work by the team in taking the wonderful things
         | mining has done for the planet and expanding it to the oceans!
         | I'm sure once we've had our way with the ocean and left almost
         | nothing to live that we can find a way to live harmoniously
         | with what remains.
        
           | reaperducer wrote:
           | There truly is nowhere left for nature to hide.
        
           | politician wrote:
           | How do you feel about asteroid mining?
        
             | Arrath wrote:
             | A matter of time until someone (whether negligently or
             | maliciously) screws up the orbital insertion of a packet of
             | minerals or a whole-ass asteroid. "Oops"
        
               | mrguyorama wrote:
               | And it will undoubtedly happen because an american
               | company, after lobbying for fewer regulations, will fail
               | to do the right or necessary thing like "testing their
               | systems" or "being fail safe"
        
       | pugworthy wrote:
       | If this was 1974, it would be "..much of it packed into a Soviet
       | submarine..."
       | 
       | It's crazy how as a child in that era, I totally bought into the
       | Glomar Explorer being this amazing thing.
       | 
       | And 45-50 years later, here we are.
        
       | Mizza wrote:
       | What happened to the common heritage of all mankind?[1] How come
       | these fuckers can go and grab them for themselves?
       | 
       | https://en.wikipedia.org/wiki/Common_heritage_of_humanity
        
         | thehappypm wrote:
         | They have a permit issued by an international body
        
       | georgeecollins wrote:
       | I couldn't figure out from this article what a "nodule collection
       | system" is? A submarine, a robot, a big bucket?
       | 
       | That's the part I am really curious about if anyone knows.
        
         | jpm_sd wrote:
         | There's a thumbnail in the article that links to a bigger photo
         | of the "collector vehicle". It appears to be a Giant Roomba.
         | 
         | https://ml.globenewswire.com/Resource/Download/f4344afd-acde...
        
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       (page generated 2022-12-14 23:00 UTC)