Tag: Deepsea Mining Campaign

The Metals Company Loses Second Major Investor as Maersk Divests

Mr Mohammed

  (Ottawa/Victoria, May 8, 2023) Bad news mounts for the floundering would-be miner The Metals Company (TMC) with The Wall Street Journal reporting the divestment of Danish shipping company Maersk. This follows the divestment last December by Norway’s largest private asset manager, Storebrand. Formerly TMC’s second biggest shareholder, Maersk informed the newspaper that it now holds an interest of less than 2.3% in TMC and is in the process of selling all its shares. Andy Whitmore, Deep Sea Mining Campaign’s (DSMC) Finance Advocacy Officer stated, “TMC frequently cited its relationship with Maersk, presumably to…