In this episode of Know Power, hosts Noha and Mike speak with Craig Shesky, CFO of The Metals Company, a pioneer in deep-sea mining for battery metals. Craig shares his fascinating journey from driving massive trucks in iron mines to leading financial strategies in a cutting-edge industry. The conversation dives into the intricate details of deep-sea mining, exploring how The Metals Company is innovating to collect nickel, copper, cobalt, and manganese nodules from the ocean floor. They discuss the environmental implications, regulatory frameworks, and the critical need for these metals in the clean energy transition. Craig emphasizes the benefits of deep-sea resources over traditional land-based mining, highlighting efforts to minimize environmental impact and collaborate with global partners. Tune in to discover the future of sustainable mining and its vital role in powering our transition to cleaner energy.
Guest bio: Craig has over 15 years combined experience in public investing, metals research and investment banking in New York. He spent 12 years at King Street Capital Management, most recently as senior analyst in charge of recommending investments in the global metals & mining space. He analyzes electrification trends, battery chemistries and the resulting impacts on supply & demand for critical base metals, with particular expertise in nickel and copper. Craig also has significant experience navigating complex, legal-driven investments around the world, as King Street was one of the largest creditors in over a dozen global Lehman Brothers entities. He worked closely with administrators, creditors, lawyers and advisors to reach settlements, form JVs and accelerate recoveries, particularly in the US, UK, German, Swiss and Dutch Lehman administrations. He also spent two years as the top-tier analyst on the insurance & asset management investment banking team at Morgan Stanley.
______________________________________________________________________
[00:01:14] Craig Shesky's background and career journey
[00:02:24] Transition from finance to The Metals Company
[00:03:55] Importance of nickel in battery technology and market dynamics
[00:04:54] Overview of The Metals Company's deep-sea mining operations
[00:06:40] Environmental considerations and comparisons with land-based mining
[00:12:16] Data release and collaboration with international regulators
[00:13:27] Trade-offs and benefits of deep-sea mining
[00:16:19] Detailed extraction process and technological advancements
[00:20:49] Seafloor and midwater plume management
[00:23:09] Regulatory framework and application process for commercial production
[00:30:40] Potential impacts on local communities and global supply chains
[00:36:09] Partnership with Nauru and economic benefits for developing nations
[00:44:07] Long-term vision and goals for The Metals Company
[00:46:37] Future of deep-sea mining and competitive landscape
[00:51:17] Regulatory challenges and potential changes for the industry
[00:57:03] Scale and potential impact of The Metals Company's resources
[00:59:26] Broader industrial and defense applications for mined metals
Learn more and stay up to date at KnowPowerShow.com
Connect with our Hosts
Noha Sidhom
Mike Borgatti
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Ridiculous History
History is beautiful, brutal and, often, ridiculous. Join Ben Bowlin and Noel Brown as they dive into some of the weirdest stories from across the span of human civilization in Ridiculous History, a podcast by iHeartRadio.