Tag Archives: Norwegian University of Science and Technology

A TRILLION-KRONER MOTHER LODE? Massive deposit of gold, silver, zinc and other minerals found in seabed near Svalbard

trillionminerals

Another potential golden age of mining for Svalbard – literally – may be on the horizon as researchers have unveiled a massive deposit of precious minerals in the seabed near the archipelago that may be worth about one trillion kroner. But while a government proposal in 2018 would allow exploration and extraction of those minerals, there are numerous issues to resolve before companies and countries can hope to strike it rich.