
Hughes Glomar Explorer at Long Beach, California (1976) [image credit: TedQuackenbush @ Wikipedia]
One mining forecast claims ‘an emerging undersea industry in oceans around the world could be worth $30bn a year by 2030.’ Do the origins of this go back to the Cold War?
Did a 1970s CIA plot spark a boom in deep sea mining? – asks BBC News.
In the summer of 1974, a large and highly unusual ship set sail from Long Beach in California.
It was heading for the middle of the Pacific where its owners boasted it would herald a revolutionary new industry beneath the waves.
Equipped with a towering rig and the latest in drilling gear, the vessel was designed to reach down through the deep, dark waters to a source of incredible wealth lying on the ocean floor.
It was billed as the boldest step so far in a long-held dream of opening a new frontier in mining, one that would see valuable metals extracted from the rocks of the seabed.
But amid all the excited public relations, there was one small hitch – the whole expedition was a lie.
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