By Todd Woody Mar 29 (Bloomberg) -International regulators on Friday condemned a seabed mining company’s move to circumvent their authority by seeking the Trump administration’s approval to extract critical minerals from untouched ocean…
The Metals Company
COLUMN | Solstad Offshore and Aker Capital: circular reasoning and circular dealmaking [Offshore Accounts]
Offshore is a cyclical industry; when assets are at their cheapest, nobody wants to buy them, and nobody will lend money to acquire offshore vessels and rigs. If only I had had the foresight to buy Tidewater stock in May 2020 when it traded below US$5 per share, as opposed to US$68 on Friday. But...
COLUMN | “Not a matter of if, but when”: Subsea mining on hold, for now; Teddy goes to St Petersburg; Safer gets safer [Offshore Accounts]
It has been a rollercoaster couple of months for seabed mining pioneer The Metals Company. For most of the last year, the company’s share price languished below one ..
Maersk Divesting Stake in Deep-Sea Miner The Metals Company Amid Legalization Process – Report
Global shipping giant A.P. Moller-Maersk is reportedly selling its stake in The Metals Company (TMC), a leading deep-sea mining firm, as the legal process to permit seabed mining nears completion….
COLUMN | Quick updates: Maersk Supply Service sold; The Metals Company borrows from Allseas as seabed mining negotiations get tense; Cadeler and Eneti report; Scottish Ferries report reveals ̶g̶r̶o̶s̶s̶ ̶n̶e̶g̶l̶i̶g̶e̶n̶c̶e̶ significant failings [Offshore Accounts]
It has been nearly six months since we whacked out one of our quick updates (last one here), so it is time to whip through the latest developments in our favourite compan ..
COLUMN | Mining marriage made in heaven? DEME and Transocean co-operate in deep ocean minerals – new drillship conversion imminent after Allseas’ proof of concept [Offshore Accounts]
Some seriously odd things have been happening with everyone’s favourite penny stock deepsea mining player, The Metals Company. On January 31, Gerard Barron’s speculat ..
COLUMN | The Metals Company: dilution in action as founders file to sell their shares in the seabed miner [Offshore Accounts]
What did we spy on the last trading day before Christmas 2022? Not Santa sliding down a chimney, but shares in a leading subsea mining company sliding hard to a record lo ..
COLUMN | Quick updates: historic corruption in Nigeria and fraud in India: The Metals Company pilot tests Hidden Gem; Ocean Infinity’s Armada at sea and Red Rock sold; Cadeler raises more cash [Offshore Accounts]
Time for a quick and dirty look at three of our favourite topics – corruption in oil and gas, new marine technology, and the wind industry. Just to be clear, there is n ..
New Polymetallic Nodules Collection System Tested Key Region of the Pacific Ocean
NASDAQ-listed The Metals Company (THC) says it has successfully collected polymetallic nodules from the seafloor of the Pacific Ocean as part of a trial of a new nodule collection system….
COLUMN | The Metals Company raises cash to stay afloat [Offshore Accounts]
Ah, Gerard Barron, Chairman and CEO of The Metals Company! My column would “suck without you,” as Kelly Clarkson once put it (here). In the words of that song ..
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