Private Companies

Key points Eureka vehicles hover over the seafloor, collecting nodules in four-hour mission cycles while using computer vision to identify and exclude visible marine fauna. The company targets 2027 production with estimated $100 per ton extraction costs, using retrofitted bulk carriers and…

Key points Simon Segars recounts his 31 years at ARM (1991-2022), joining as a design engineer among a 15-person team and becoming the company’s third CEO before leading its 2016 acquisition by SoftBank for $32 billion. He credits ARM’s growth to a licensing model, rather than…

Key points Eleanor Martin, partner at Norton Rose Fulbright LLP, explains the ISA and UNCLOS regulatory framework for seabed mining, including how private companies must have a sponsoring state and the two-year approval deadline triggered by Nauru in July 2021. Draft exploitation regulations…