The search for sunken treasure in deep-sea shipwrecks may sound like the stuff of children’s adventure stories rather than corporate boardrooms. But a British marine salvage company says raising a profit from the depths of the ocean could soon become a reality.
London-listed SubSea Resources Plc sold its first load of copper lifted from a wreck 1 km (3,300 feet) below the Atlantic Ocean’s surface in September and is predicting more to come.
With base metal prices at record highs earlier this year, SubSea’s focus is on copper, nickel and zinc, although gold and silver are also on its radar.