For Norwegians, black smokers may be the new oil
![](https://www.unclosdebate.org/sites/unclos7/files/styles/keyword_image/public/keyword_images/keywords-unclos.png?itok=G7iJryjE)
A study, published in the university’s journal Gemini, concludes that there are deposits of copper, gold, silver, zinc and other metals worth upwards of $71 billion – or one tenth of Norway’s vaunted oil fund – on the ocean floor. The scientists, however, said that the value of the minerals could be as much as $229 billion.