meta_pixel
Tapesearch Logo
Log in
The Way I Heard It with Mike Rowe

484: Tom Albanese—The Metals at the Bottom of the Ocean

The Way I Heard It with Mike Rowe

The Way I Heard It with Mike Rowe

History, Society & Culture

4.940.8K Ratings

🗓️ 12 May 2026

⏱️ 92 minutes

🧾️ Download transcript

Summary

In this episode Mike explores the growing race for critical minerals hidden deep beneath the Pacific Ocean with mining executive Tom Albanese, Chairman of American Ocean Minerals and former CEO of Rio Tinto and Vedanta Resources.

Tom has spent more than four decades in the global mining and metals business, overseeing some of the largest resource projects on earth. Now he's focused on something even more ambitious: harvesting polymetallic nodules from the ocean floor—potato-sized rocks packed with nickel, cobalt, copper, manganese, and rare earth elements that are critical to batteries, AI infrastructure, defense systems, smartphones, and modern energy technology.

Mike and Tom discuss why these nodules have become one of the most hotly contested resources in the world and how the race for critical minerals has evolved into both an economic and geopolitical battle. They also explain why many companies see the deep ocean as an alternative to opening hundreds of new land mines. Hint: These nodules sit unattached on the ocean floor just waiting to be vacuumed up without need for blasting or tunneling.

It's a conversation that feels part science fiction, part industrial history, and part treasure hunt. Because sometimes the next gold rush isn't in the mountains. It's sitting three miles beneath the top of the ocean.

Today's episode is sponsored by

PureTalk.com/Rowe Get UNLIMITED hi-speed data for just $34.99 per month!

NetSuite.com/Mike Download their FREE business guide, Demystifying AI

K12.com/Rowe See what's possible for your child with K12's Career and College Prep

American-Giant.com/MIKE Use code MIKE to get 20% off your order.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, it's the way I heard it.

0:05.5

I'm Mike Rowe.

0:06.4

My guest today is a fellow named Tom Albanyce.

0:09.8

I guess, Chuck, I could say he's a minor or a minor's minor.

0:14.9

How are you spelling that?

0:16.3

Well, we deal with that quickly enough.

0:19.4

M-I-N-E-R.

0:21.4

He's also a citizen of the world and an American patriot and a partner of mine in a new venture.

0:29.7

So there are a couple things I want to disclose before we jump into this conversation right

0:34.1

in the middle of a sentence.

0:35.4

As we often do.

0:36.5

As we were prone to do.

0:38.0

I met Tom about six, maybe eight months ago.

0:41.4

He is the former CEO of, I think, the second largest mine in the world, Rio Tinto.

0:48.7

He also was way up the food chain at Vendetta Resources.

0:53.0

He's lived and worked on every continent, I think,

0:56.2

but for one, he's been a hundred-some countries. Yep. He, along with some other big-brained

1:02.4

individuals who I've been lucky enough to conspire with over the last few months, have formed a

1:08.7

company called American Ocean Minerals.

1:11.6

And the purpose of this company

1:13.8

is to go to the bottom of the ocean

1:16.4

and bring up billions of polymetallic nodules.

...

Transcript will be available on the free plan in 2 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from The Way I Heard It with Mike Rowe, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Way I Heard It with Mike Rowe and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.