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UK Government Backs Seabed Mining Industry - Report

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U.K. Prime Minister David Cameron has voiced support for plans to mine the international seabed for valuable metals after a U.K. unit of Lockheed Martin Corp. (LMT) won an exploration license, the Financial Times reported Friday.Speaking at the project's launch on Thursday, Mr. Cameron said that the seabed mining industry had the potential to be worth up to 40 billion pounds ($60 billion) to ...

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