The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Smit: Trump deep-sea mining order covers international and foreign waters
“And I think the other important thing about the executive order is that it has stipulated that it's not just US territorial waters. This is international waters as well as other exclusive zones.”
Smit: Ocean Minerals avoids U.S. waters due to weak investor legal protections
“We, as a company, for example, are not inclined to explore in, ah, US territorial waters, ah, because our investors are not given the kind of Assurances and rights that we would get in other areas that would allow us to get a return on an investment if we were…”
Smit: Cook Islands seabed mining is 2 to 4 years from production
“We probably two to four years away from first production is, is where we are in the cooks.”
Smit: Land-based mines require 4x to 8x the tonnage of seabed nodules
“The other thing to consider is that we are bringing up one ton of material, and in that one ton of material, we are producing the same amount of metal
As you would need to have anywhere between three and five land-based mines. So for them to get the same amoun…”
Smit: Ocean Minerals project will yield ~$500M annual free cash flow
“The mining system CAPEX is around five hundred million dollars you know, the processing plant probably around two billion dollars but what,
For that investment, do you get in return for your project? So, you know, our project is in anywhere between three and f…”
Smit: Manganese ensures Ocean Minerals' profitability despite cobalt and nickel price crashes
“With the recent crash of the cobalt price and nickel For all sorts of reasons, and that's the topic for a whole different discussion, but particularly those two metals with the depression on their prices, our project remains profitable, and the reason it's pro…”
Smit: Seabed extraction technology has been proven since the 1970s
“The technology is known and proven and it has been proven. And incidentally, the first time it was proven was back in the 19 seventies. So the tech for this has been has been around for multiple decades.”
Smit: Ocean mining avoids expensive land-based mine infrastructure costs
“We don't have all the big capital costs of infrastructure, power lines, roads, rails,
Dams, et cetera, which means the cost of capital for us is going to be lower. You know, we are going to spend less money building a ship to go mining than what you will do pe…”
Smit: NOAA research vessels are booked out for two to four years
“NOAA's boats are already booked out for the next two to three years, possibly even the next four years.”
Smit: Cook Islands seabed nodules contain rare earth elements
“In the case of the Cook Islands nodules, rare earths as well, which is another thing everybody's hot about.”