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Reuters
Reuters
Business
By Nerijus Adomaitis

Norway finds 'substantial' mineral resources on its seabed

FILE PHOTO: A fishing vessel sails in the ice fjord near Ilulissat, Greenland September 12, 2017. REUTERS/Jacob Gronholt-Pedersen/File Photo

A Norwegian study has found a "substantial" amount metals and minerals ranging from copper to rare earth metals on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates.

The Nordic country, a major oil and gas exporter, is considering whether to open its offshore areas to deep-sea mining, a process that requires parliament's approval and has sparked environmental concerns.

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