MAKING THE MOST OF DEEP SEABED MINERAL RESOURCES IN THE AREA. 28 A Discussion Paper on the Development and Implementation of a Payment Mechanism in the Area. merits consideration as a better understanding of the exploitation process and its economics unfolds.Live Chat
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The deep sea as a target for exploitation The deep sea has always been an important area for human exploitation: resources such as fish, oil and gas have been taken from the sea for many decades, and more recently the marine environment has been targeted as a source of renewable energy.Live Chat
Its primary function is to regulate exploration for and exploitation of deep seabed minerals found in 'the Area', which is defined by the Convention as the seabed and subsoil beyond the limits of national jurisdiction, that is, beyond the outer limits of the continental shelf. The Area comprises just over 50 per cent of the entire seabed on Earth.Live Chat
Seabed mining is an emerging 21st century industry. Our increased demand for rare earth elements and metals, crucial to todays hightech and green technologies, has stimulated interest in this next phase of mineral exploitation. The worlds oceans contain extensive deposits of commercially relevantLive Chat
Seabed mining is concerned with the retrieval of these minerals to: ensure security of supply and fill a gap in the market where either recycling is not possibleLive Chat
Presentations will be made by experts on the process and status of the legal regimes established for recovery of these minerals, the types of minerals to be found in the Area, resource evaluation, the protection and preservation of the marine environment from prospecting, exploration and mining in the Area and the Authoritys Endowment Fund promoting and encouraging marine scientific research inLive Chat