Deepsea Mining Company Loke Marine Mineral Sells Stake
Wilhelmsen and offshore specialist NorSea have together acquired an 18% stake in Norwegian deepsea mining company Loke Marine Minerals. Rich with in-demand metals, such as copper, zinc, cobalt, scandium, and additional rare earth elements, the minerals on the Norwegian Continental Shelf alone are estimated, by an independent study conducted by the Norwegian University of Science and Technology, to be worth a total of USD 100 billion. The trio of veteran oil and gas industry experts behind Loke Marine Minerals recognised the opportunities offered by seabed minerals early on. They established the company in 2019 with the ambition to create an international leading marine minerals company.
Alongside NorSea and Wilhelmsen, TechnipFMC is also a co-investor in Loke, with an ownership of 18%.