🇳🇴 Norway's acquisition of UK Seabed Resources
There are not many details available that surround the $Lockheed Martin(LMT.US$ sale of deep-sea mining operations to Norway Loke Marine Minerals.
It appears Norway is intended to invest around $100 million to be one of world's leading countries for mining minerals of international waters. This investment has been spoken to fund surveys, enviornmental mapping, and technology development for the operation, which is run by Loke Marine Minerals. This ambitious project is aiming to start operations by 2030 and potentially open up a new era of oceanic exploration.
Loke said Norway's Kongsberg Gruppen (KOG.OL), which provides technologies for offshore oil and gas and other industries, has taken a stake in it, joining TechnipFMC (1T1.F) and Wilhelmsen. [ 2023 via Reuters ]
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