Exploitation
Hydrothermal vents, in some instances, have led to the formation of exploitable mineral resources via deposition of seafloor massive sulfide deposits. The Mount Isa orebody located in Queensland, Australia, is an excellent example.
Recently, mineral exploration companies, driven by the elevated price activity in the base metals sector during the mid 2000s, have turned their attention to extraction of mineral resources from hydrothermal fields on the seafloor. Significant cost reductions are, in theory, possible. Consider that in the case of the Mount Isa orebody, large amounts of capital are required to sink shafts and associated underground infrastructure, then laboriously drill and blast the ore, crush and process it, to extract the base metals, an activity which requires a large workforce.
The Marshall hydrothermal recovery system is a patented proposal to exploit hydrothermal vents for their energy and minerals. A hydrothermal field, consisting of chimneys and compacted chimney remains, can be reached from the surface via a dynamically positioned ship or platform, using conventional pipe, mined using modified soft rock mining technology (continuous miners), brought to the surface via the pipe, concentrated and dewatered then shipped directly to a smelter. While the concept sounds far-fetched, it uses already proven technology derived from the offshore oil and gas industries, and the soft-rock mining industries.
Two companies are currently engaged in the late stages of commencing to mine seafloor massive sulfides. Nautilus Minerals is in the advanced stages of commencing extraction from its Solwarra deposit, in the Bismarck Archipelago, and Neptune Minerals is at an earlier stage with its Rumble II West deposit, located on the Kermadec Arc, near the Kermadec Islands. Both companies are proposing using modified existing technology. Nautilus Minerals, in partnership with Placer Dome (now part of Barrick Gold), succeeded in 2006 in returning over 10 metric tons of mined SMS to the surface using modified drum cutters mounted on an ROV, a world first. Neptune Minerals in 2007 succeeded in recovering SMS sediment samples using a modified oil industry suction pump mounted on an ROV, also a world first.
Potential seafloor mining has environmental impacts including dust plumes from mining machinery affecting filter feeding organisms, collapsing or reopening vents, methane clathrate release, or even sub-oceanic land slides. A large amount of work is currently being engaged in by both the above mentioned companies to ensure that potential environmental impacts of seafloor mining are well understood and control measures are implemented, before exploitation commences.
Attempts have been made in the past to exploit minerals from the seafloor. The 1960s and 70s saw a great deal of activity (and expenditure) in the recovery of manganese nodules from the abyssal plains, with varying degrees of success. This does demonstrate however that recovery of minerals from the seafloor is possible, and has been possible for some time. Interestingly, mining of manganese nodules served as a cover story for the elaborate attempt by the CIA to raise the sunken Soviet submarine K-129, using the Glomar Explorer, a ship purpose built for the task by Howard Hughes. The operation was known as Project Azorian, and the cover story of seafloor mining of manganese nodules may have served as the impetus to propel other companies to make the attempt.
Read more about this topic: Hydrothermal Vent
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