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Fincantieri & Saipem Sign Deep Seabed Mining Agreement

Mining News - Published on Mon, 10 Aug 2020

Image Source: Fincantieri Saipem Deep Seabed Mining
Leading Italian shipbuilder Fincantieri and leading Italian company specialising in engineering, drilling and construction services Saipem have signed a Memorandum of Understanding to promote the development of deep-seabed mining for sustainable exploitation of deep-sea floors over 3,000 metres in depth. This agreement sets the ground for a strategic partnership aimed at developing and pursuing business opportunities in the field of designing, engineering, building and managing Deep Seabed Mining systems.

Fincantieri and Saipem decided to pool together their expertise to provide these professionals with innovative solutions. Therefore, the first goal of the partnership will be to draw up an industrial plan containing evidence of the technical and economic feasibility and sustainability of new Deep Seabed Mining projects.

Deep-sea floors are rich in minerals, mostly sulphides, cobalt crusts and polymetallic nodules, all of which are essential to modern digital economy. There are no appropriate industrial extraction applications, however, that can enable mining companies to extend their activities in open water.

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Posted By : Yogender Pancholi on Mon, 10 Aug 2020
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