SubSea Resources

Scots firm lands zinc treasure from Spanish shipwreck

From BBC News


Treasure recovered from a ship which sank off the coast of Spain more than 30 years ago is bound for Scotland.

Lanarkshire-based metal coating company, Highland Galvanisers, has bought 75 tonnes of zinc recently salvaged from the wreck.

The Francois Vieljeux vessel was carrying a cargo of precious metals from Tanzania to ports in northern Europe when the it sunk in 1979.

The firm will melt down the zinc to use at its coating plant in Cumbernauld.

The ship and its cargo had lain at the bottom of the Atlantic Ocean until 2006 when a company called Subsea Resources started the process of recovering it using a special vessel fitted with a remotely operated grab.

Expert analysts estimated the lost cargo, which also included 5,500 tonnes of copper, would have a value of about £21m in today's market - the equivalent of 800kg of gold, or almost 400,000 barrels of oil.


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