Smit: Ocean mining avoids expensive land-based mine infrastructure costs
Hans Smit · What to make of Trump's deep-sea minerals push · May 22, 2025 · at 30:28
Hans Smit, CEO of Ocean Minerals, compares the CapEx requirements of deep-sea mining ships to terrestrial mining infrastructure.
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“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 perhaps building a brand new infrastructure in some outback area.”
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