Egil Tjaland Norwegian Forum for Marine Minerals

1. Deep Sea Mining on the Norwegian EEZ – a game
changer for securing critical minerals for the energy
transistion
Egil Tjaaland
Norwegian Forum for Marine Minerals
11th Annual Deep Sea Mining Summit, London, UK, May 4th 2023

3. Source: IEA
There is a need for a
huge increase of critical
minerals to fulfill net
zero by 2050

4. Global mining industry 1850-2030 – metals
and industrial minerals
(Percent of world production excluding coal)
Source: Rigueiro and Alonso-Jimenez (Mineral
Economics, 2021), RMG Consulting

5. Deep Sea Minerals on Norway’s EEZ
Polymetallic crust SMS
Source: NPD

6. Norway got its own Seabed Minerals Act on July 1, 2019

7. Impact Assessment for DSM 2020-2023
Source: NPD
Prelimenary hearing Studies by NPD Final Hearing Parliament decision

8. Source: NPD
Seabed minerals in Norway
Area: 592.000 𝑘𝑚2

9. Seabed minerals within the Norwegian economic zone
Source: NPD

10. Recommended exploration area from the Norwegian
Ministry of Petroleum and Energy – 28.10.2022
Source: NPD
Area: 232.000 𝑘𝑚2

11. Resource assessment of seabed minerals on the Norwegian shelf

12. Resource assessment of seabed minerals on the
Norwegian shelf (Billions NOK)
Total sum base metals:
NOK 14.3 trillions NOK
(1.33 trillions USD)
In addition, large volumes
of rare earth elements (REE)

13. Conclusions
• The world needs a major increase in critical metals and minerals to
achieve the energy transïtion
• The Norwegian Petroleum Directorate has prepared a resource report
showing a major potential for critical metals and minerals on the
Norwegian continental shelf
• The Norwegian Parliament will decide whether to permit exploration
for seabed minerals or not on the Norwegian shelf Q2 – 2023