Britain’s prime minister announced last Thursday the country would partner with an American company to mine the depths of the Pacific Ocean for metals and rare earth minerals, reports the Guardian.
David Cameron said the international seabed mining industry could garner the national economy 40 billion pounds ($60 billion) during the next 30 years.
US-based Lockheed Martin — the world’s biggest defence contractor —  via its subsidiary UK Seabed Resources will spearhead the exploration of a British licence off the coast of North America.