A Joint Venture Agreement for Seabed Mining


Book Description

The Third Uni ted Nations Conference on the Lawof the Sea is preparing rules far the establishment of an international legal regime governing the exploration and exploitation of the resources of the international seabed. The Draft Convention on the Law of the Sea (Informal Text) of 27 August 1980 which has so far been the result of the negotiations during the preceding sessions of the Conference, provides for a so-called "parallel system" under which an international "Enterprise" as weIl as national private or state-owned companies will be granted access to the resources of the international seabed under the control of an International Seabed Authority. The Draft Convention also envisages the condusion of joint venture agreements between the international Enterprise and national companies or consortia, and encourages such cooperation through grant ing various incentives. Such joint ventures will probably play an important part in making the international Enterprise operative in the early years of its existence. At the Conference concerns have been expressed whether and when the Enterprise as a newcomer would be in a position to start seabed mining and to compete effectively with the national companies. The Draft Convention provides for a number of ways and means to enable the Enterprise to develop its technological and financial capabilities for deep sea mining as early as possible.




Perspectives on Deep-Sea Mining


Book Description

This book is a sequel to ’Deep-Sea Mining: Resource Potential, Technical and Environmental Considerations’ (2017) and ‘Environmental Issues of Deep-Sea Mining: Impacts, Consequences and Policy Perspectives’ (2019), and aims to provide a comprehensive volume on different perspectives of deep-sea mining from specialists around the world. The work is timely, as deep-sea minerals continue to enthuse researchers involved in activities such as ascertaining their potential as alternative sources for critical metals for green energy and other industrial applications, as well as technology development for their sustainable exploration and exploitation, while addressing environmental concerns. With a steady increase in the number of contractors having exclusive rights over large tracts of seafloor in the ‘Area’, i.e. area beyond national jurisdictions, the International Seabed Authority, mandated with the responsibility of regulating such activities, is in the process of developing a code for exploitation of deep-sea minerals. These, coupled with growing interest among private entrepreneurs, investment companies and policy makers, underscore the need for updated information to be made available in one place on the subject of deep-sea mining. The book evaluates the potential and sustainability of mining for deep-sea minerals compared to other land-based deposits, the technologies needed for mining and processing of ores, the approach towards environmental monitoring and management, as well as the regulatory frameworks and legal challenges to manage deep-sea mining activities. The book is expected to serve as an important reference for all stakeholders including researchers, contractors, mining companies, regulators and NGOs involved in deep-sea mining.




The Geochemistry of Manganese and Manganese Nodules in the Ocean


Book Description

Manganese nodules were first discovered on the ocean floor 160 miles south-west of the Canary Islands on February 18, 1803, during the first complex oceano logical cruise of the Challenger. They surprised researchers by their unusual shape and also by their unusual chemical composition; nevertheless for many years after wards, they were considered merely as one of Nature's exotic marine tricks. After the Secpnd World War, a comprehensive investigation of the World Ocean started, and new data were obtained on a wide distribution of manganese nodules and their polymetallic composition, that made scientists consider nodules as one of the major characteristics of the deep oceanic zone. Recently, meaning since the 1960's, nodules have been recognized as a potential ore source, investigation of which is stimulated by the progressive depletion of land-based mineral resources. Several generations of scientists from various countries have contributed to the problem of exploration of manganese nodules on the ocean floor. Though the problem has been posed, it has not been solved yet because it required, in its turn, a scrutiny of some fundamental aspects such as composition, nature, accretion r'ate of nodules and retrieval of nodule fields. These problems have been discussed in thousands of papers and larger publications; see, in particulare, Mero, 1965; Horn, 1972; Morgenstein, 1973; Bezrukov, 1976; Glasby, 1977; Bischoff and Piper, 1979; Lalou, 1979; Manganese nodules, 1979; Varentsov, 1980; Cronan, 1980; Manganese nodules . . . , 1984, 1986.







Ocean Mining Report


Book Description




Delineation of Mine-Sites and Potential in Different Sea Areas


Book Description

Prospecting and exploration for manganese nodules has, as its ultimate objective, the discovery and delineation of an area of the ocean floor with reserves of sufficient quantity and quality to support a mining operation under existing economic, technical and political conditions. While prospecting concentrates primari lyon the collection of geological information, an exploration programme includes other activities that relate to the develop ment of technology, financial analysis of the prospect and environmental protection. Such work on a deposit in turn leads to the development of a mine-site. The mine-site concept brings together information in a way that recognizes the interplay among a number of dynamic factors which must satisfy a set of technical and economic conditions. Defining a mine-site, therefore, is a process of accounting for those factors. Throughout the years of meetings of the Third United Nations Conference on the Law of the Sea, many questions arose about ocean mine-sites. Two related topics in particular received attention: the total number of available mine-sites, and the amount of area necessary for a mining operation. Both of these topics have been subject to a great deal of speculation, and even with the best available information, there remains a degree of uncertainty that arises from both incomplete knowledge and natural variability in the seabed and the resource, and different technology and production objectives. For example, estimates of the size of the area necessary for an ocean mine-site vary even when made by the same company.




Deep-Sea Mining


Book Description

This comprehensive book contains contributions from specialists who provide a complete status update along with outstanding issues encompassing different topics related to deep-sea mining. Interest in exploration and exploitation of deep-sea minerals is seeing a revival due to diminishing grades and increasing costs of processing of terrestrial minerals as well as availability of several strategic metals in seabed mineral resources; it therefore becomes imperative to take stock of various issues related to deep-sea mining. The authors are experienced scientists and engineers from around the globe developing advanced technologies for mining and metallurgical extraction as well as performing deep sea exploration for several decades. They invite readers to learn about the resource potential of different deep-sea minerals, design considerations and development of mining systems, and the potential environmental impacts of mining in international waters.




Marine Minerals


Book Description

Discoveries of new types of marine mineral occurrences during the last decade, and specifically the massive sulfide deposits at spreading ridges on the ocean floor, have significantly advanced geologic concepts about the origin of ore deposits in a very short period of time. These discoveries also renewed interest in all marine mineral occurrences including the well-known manganese nodules, and led to more wide-ranging and thorough examination of cobalt-rich manganese crusts, expanded mapping of phosphorites of continental shelves, and the initiation of several new surveys for placer minerals in shallow waters. The result of these activities is already noticeable in an increasingly broader variety of minerals being found on and below the ocean floor. This upsurge of scientific interest and research in marine minerals provided the impetus to organize an Advanced Research Workshop under auspices of the NATO Science Council and its Special Program Panel on Marine Sciences. The workshop was held in the United Kingdom at Gregynog Hall of the University of Wales, June 10-16, 1985, under the theme "Marine Minerals--Resource Assessment Strategies. " The timing of this workshop was propitious in many ways. First, marine surveys and expeditions to chart the mineral resources of the world's oceans had increased in number in recent years, involving a growing number of nations interested in obtaining firsthand information.