Deep sea mining is a relatively new mineral retrieval process that takes place on the ocean floor. Ocean mining sites are usually around large areas of polymetallic nodules or active and extinct hydrothermal vents at about 1,400 – 3,700 m below the ocean’s surface. The vents create sulfide deposits, which contain valuable metals such as silver, gold, copper, manganese, cobalt, and zinc. The deposits are mined using either hydraulic pumps or bucket systems that take ore to the surface to be processed. As with all mining operations, deep sea mining raises questions about potential environmental impact on surrounding areas. Environmental advocacy groups such as Greenpeace and the Deep sea Mining Campaign have argued that seabed mining should not be permitted in most of the world's oceans because of the potential for damage to deepsea ecosystems and pollution by heavy metal laden plumes.
In the mid 1960s the prospect of deep-sea mining was brought up by the publication of J. L. Mero's Mineral Resources of the Sea. The book claimed that nearly limitless supplies of cobalt, nickel and other
metals could be found throughout the planet's oceans. Mero stated that these metals occurred in deposits of manganese nodules, which appear as lumps of compressed sediment on the sea floor at
depths of about 5,000 m. Some nations including France, Germany and the United States sent out research vessels in search of nodule deposits. Initial estimates of deep sea mining viability turned out to be much exaggerated. This overestimate, coupled with depressed metal prices, led to the near abandonment of nodule mining by 1982. From the 1960s to 1984 an estimated US $650 million had
been spent on the venture, with little to no return.