Marine and mineral extraction company dive into legal squabble with Mexico

A payday surpassing $1 billion — entangled in a multinational legal mining dispute — is in the offing for a small business that got its start in diving for treasure in long-lost shipwrecks.


  • By
  • | 5:10 p.m. May 5, 2021
  • | 0 Free Articles Remaining!
Mark Wemple. Odyssey Marine CEO Mark Gordon believes the company has a good chance to win a complicated legal dispute with Mexico.
Mark Wemple. Odyssey Marine CEO Mark Gordon believes the company has a good chance to win a complicated legal dispute with Mexico.
  • Strategies
  • Share

For Odyssey Marine Exploration, a deep sea mineral extraction company based in Tampa, a proposed phosphate mining project off the coast of Mexico seemed the perfect opportunity. The company sunk tens of millions of dollars into the operation and was preparing to begin dredging — only to have the Mexican Ministry of the Environment and Natural Resources pull the plug by denying a single environmental permit. 

Was that denial unlawful? Odyssey Marine CEO Mark Gordon is convinced it was, and he has some convincing voices backing him up. 

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content