Less than a week after President Trump signed an executive order to accelerate seabed mining, the U.S. government received its first permit application from the Metals Company, one of the most ardent proponents of the as yet unproven practice. On Tuesday, the company’s chief executive, Gerard Barron, was also on hand in Washington, D.C., for…
Canadian firm The Metals Company (TMC) announced on Tuesday that it has submitted application to the United States for deep-sea mineral mining in international waters. This marks the first such application, supported by President Donald Trump’s push for the industry. The minerals targeted by TMC are crucial for manufacturing electric vehicle batteries and electric cables,…
Life at the bottom of the Pacific Ocean is slow, dark and quiet. Strange creatures glitter and glow. Oxygen seeps mysteriously from lumpy, metallic rocks. There is little to disturb these deep-ocean denizens. “There’s weird life down here,” said Bethany Orcutt, a geomicrobiologist at Bigelow Laboratory for Ocean Sciences. Research in the deep sea is…
President Trump has ordered the U.S. government to take a major step toward mining vast tracts of the ocean floor, a move that nearly every other nation in the world considers off limits to this kind of industrial activity. The executive order, signed Thursday, would circumvent a decades-old international treaty that every major coastal nation…
Rahul Gandhi (Picture credit: PTI) NEW DELHI: Flagging the threat to marine life and livelihood of fisherfolk, Congress MP Rahul Gandhi has written to PM Narendra Modi seeking cancellation of tenders permitting offshore mining along the coasts of Kerala, Gujarat, & Andaman and Nicobar.Opening up offshore mining blocks to private players without any rigorous assessment…
Two of President Trump’s sons announced on Monday that they were investing in a new Bitcoin mining venture, an expansion of the family’s business interests in the crypto industry. Eric Trump and Donald Trump Jr. said they would join forces with the Bitcoin mining company Hut 8 to create a firm called American Bitcoin. Bitcoin…
Leader of opposition Rahul Gandhi and Prime Minister Narendra Modi (File Image) NEW DELHI: Rahul Gandhi, the leader of the opposition in the Lok Sabha, has written to Prime Minister Narendra Modi and urged the Centre to cancel the tenders issued for offshore mining along the coasts of Kerala, Gujarat, and Andaman & Nicobar, citing…
The long-running battle over whether to allow Pacific Ocean seabed mining took an unexpected turn Thursday when a company disclosed it had been confidentially negotiating a plan with the Trump administration to circumvent a United Nations treaty and perhaps obtain authorization from the United States to start mining in international waters. The proposal, which drew…
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In 2016, three New York commodities traders — Michael Intrator, Brian Venturo and Brannin McBee — fell in love with cryptocurrencies. They were using Bitcoin to bet on pool games and fantasy football and were captivated by its wild swings in price. They soon decided to create more digital currencies through a process called “mining,”…