Road accident deaths drop by 50% in Saudi Arabia    SR 3.95 million fines for 3 employees of a company and 6-month jail for one for violating Capital Market Law    Qassim emir launches 52 health projects costing a total of SR456 million    BD and INS partner to elevate standards of infusion care in MENAT    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    Italy's 'Libra' to arrive in Albania with just eight migrants on board    South Africa shuts border crossing with Mozambique over poll unrest    French families sue TikTok over harmful content that allegedly led to suicides    Harris tells supporters 'never give up' and urges peaceful transfer of power    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Deep-sea mining on the horizon as UN body issues contracts
Published in The Saudi Gazette on 26 - 07 - 2015

KINGSTON — The deep oceans span more than half the globe and their frigid depths have long been known to contain vast, untapped deposits of prized minerals. These treasures of the abyss, however, have always been out of reach to miners.

But now, the era of deep seabed mining appears to be dawning fueled by technological advances in robotics and dwindling land-based deposits. Rising demand for copper, cobalt, gold and the rare-earth elements vital in manufacturing smartphones and other high-tech products is causing a prospecting rush to the dark seafloor thousands of meters (yards) beneath the waves.

With authorities at the Jamaica-based International Seabed Authority issuing exploration contracts, alarmed conservationists are warning that the deep ocean's fragile biodiversity must be protected and not nearly enough is known about the risks of extracting minerals from seabeds. “The pace of activity has increased dramatically over the last five years,” said Michael Lodge, deputy secretary-general of the obscure UN body in Kingston that acts as a global steward of the deep seafloor and is tasked with regulating this new mining frontier. “We're seeing the private sector invest in a big way.”

The UN agency, known by its initials ISA, presides over seabed outside the exclusive territorial waters of individual countries. So far, it has issued 27 exploration contracts, the large majority of them since 2011. The 15-year contracts allow for mineral prospecting on over 1 million square kilometers (over 390,000 sq. miles) of seabed in the Pacific, Atlantic and Indian Oceans.

Governments and private companies have been moving so rapidly to stake claims and assess deposits that insiders forecast that commercial deep-sea mining could start within the next five years using robotic collectors equipped with cameras and sonar sensors along with pipe systems that can siphon crushed minerals to ships.

During a gathering this month in Jamaica of representatives from nearly 170 member states, ISA has started drafting a framework to regulate commercial exploitation of seafloor metals and minerals. The session ended Friday.

A group of international scientists, in a July 9 article in the journal Science, urged ISA to temporarily halt authorization of new mining contracts until networks of “marine protected areas” are established around areas targeted for mining.

“We owe it to future generations to ensure that we think before we act and gain a thorough understanding of the potential impacts of mining in the deep sea before any mining is permitted,” said Matthew Gianni, co-founder of the Deep Sea Conservation Coalition, which sent observers to ISA's 21st session in Kingston.

But despite the warnings, in recent days ISA authorized its latest exploration contract, a 72,745 square kilometer (28,087 sq. mile) permit in the Pacific to China Minmetals Corp., sponsored by Beijing. China now has the most permits from the U.N. body with four.

ISA was launched in 1994 and operates under the UN Convention on the Law of the Sea. The only major maritime power that has not ratified the convention is the United States, where lawmakers have argued it could impinge on US economic and military sovereignty. The Department of the Interior has granted exploration licenses in the Pacific to Lockheed Martin Corp., a US company that has also partnered with the United Kingdom, an ISA member, by setting up a deep-sea mining subsidiary there.

So far, most of ISA's contracts have been issued for the deep abyssal plains of the Clarion-Clipperton Fracture Zone, a sprawling area of the Pacific Ocean off Mexico and the US. At depths of 4,000 to 6,000 meters, it is known to be rich in nodules containing copper, cobalt, manganese and significant concentrations of rare-earth elements. As part of an environmental plan, ISA has set aside nine areas in this zone, prohibiting them to contractors.

Other coveted exploration areas contain copper-rich sulphides formed around hydrothermal vents and black cobalt crusts created along the slopes of seamounts and volcanic mountain ranges. These biologically complex areas are found in the Western Pacific, Atlantic and Indian Oceans. ISA literature estimates that one site could provide up to 25 percent of the annual global market for cobalt. — AP


Clic here to read the story from its source.