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2 edition of Economic Effects of Deep Ocean Minerals Exploitation. found in the catalog.

Economic Effects of Deep Ocean Minerals Exploitation.

United States. National Technical Information Service.

Economic Effects of Deep Ocean Minerals Exploitation.

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Published by s.n in S.l .
Written in English


Edition Notes

1

ContributionsBollow, G.
ID Numbers
Open LibraryOL21751514M

Deep ocean mineral water (DOM) has been suggested to contain the primordial source of chemical components contributing to the creation of life [1,2]. Besides the major minerals, more than 70 trace elements existing in the ocean water have been documented. The question regarding how many chemical components are necessary or required to support Cited by:   As China leads the hunt for deep-sea minerals, environmental concerns surface “I do believe that China could easily be among the first (to start exploitation.


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Economic Effects of Deep Ocean Minerals Exploitation. by United States. National Technical Information Service. Download PDF EPUB FB2

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Item Preview Economic effects of deep ocean minerals exploitation. by Bollow, George Edward. Publication date TopicsPages:   Unless we act now to protect them, deep-sea mining could have devastating consequences for marine life and humankind.” In too deep: why the seabed should be off-limits to mining companies.

Mining could devastate fragile ecosystems that are slow to recover in the highly pressurised darkness of the deep sea, as well as having knock-on effects on the wider ocean : Karen Mcveigh. As terrestrial mineral deposits are either depleting or of low grade, minerals from the deep-sea like the polymetallic nodules, cobalt rich crusts and polymetallicsulfides are considered as alternative sources for metals such as Cu, Ni, Co, Mn, Fe, that could be exploited in future by developing suitable technologies for mining as well as extracting metals from by:   Serious attention was focused on deep seabed minerals in the s, when American geologist John L.

Mero published a book entitled The Mineral Resources of the Sea, in which he made the case that the seabed could become a major source of supply for meeting the world's mineral needs. This in turn led Ambassador Arvid Pardo of Malta to deliver a.

Changing winds, ocean currents, hurricanes and storms are all a result of the interplay between the ocean and the atmosphere. This article highlights the few priority areas and challenges faced by Fiji in ensuring the sustainable exploitation of the ocean's resources. The extraction of deep-sea mineral resources will have a significant impact on the marine environment, particularly its ecosystems.

The scale and nature of these impacts remains uncertain and depends on the target resource and its associated ecosystems.

Deep-sea mining. • Deep-sea mining is the process of retrieving mineral deposits from the deep sea – the area of the ocean below m. • Depleting terrestrial deposits and rising demand for metals are stimulating interest in the deep sea, with commercial mining imminent.

Interest in deep-sea mining began in the mids with the publication of a book by JL Mero entitled The Mineral Resources of The Sea, which suggested that there was a near-limitless supply of. Oceans have fascinated humans throughout history and the notion of deep-ocean mining goes back to at least when, in Jules Verne's classic b Leagues under the Sea, Captain Nemo announced that, “In the depths of the ocean, there are mines of zinc, iron, silver and gold that would be quite easy to exploit.”Metal-rich nodules from the deep-ocean floor were described during the Cited by:   Deep-ocean polymetallic nodules (also known as manganese nodules) are composed of iron and manganese oxides that accrete around a nucleus on the vast abyssal plains of the global ocean Author: James R.

Hein, Andrea Koschinsky, Thomas Kuhn. There have already been trials off the coast of Papua New Guinea and near Okinawa in Japan, with dredgers retrieving minerals from the murky and when deep sea. A new international study has demonstrated that deep-sea nodule mining will cause long-lasting damage to deep-sea life.

This study, led by scientists at the National Oceanography Centre (NOC), was. The views expressed in this paper are those of the author and do not necessarily reflect the opinions of the United Nations. The basis material within this paper was originally submitted in Spanish at a seminar on Ocean Economics sponsored by the United Nations Economic Commission for Latin America in Buenos Aires, Argentina in October Pacific-ACP States Regional Financial Framework for Deep Sea Minerals Exploration and Exploitation 19 equipment lease payments, and capital gains on a direct or indirect transfer of mining rights.

The first attempt to exploit deep-sea manganese nodules ended in failure as a result of the collapse of world metal prices, the onerous provisions imposed by the U. Conference on the Law of the.

The ocean floor is one of the least-explored places in the world. Rich with abundant marine life and mineral deposits, the deep seabed has attracted the interest of a newly forming deep-sea mining industry, which could threaten fragile marine ecosystems.

i Introduction. Due to the rising demand for minerals or metals and the decline of land-based mineral resources, there has been an emerging surge of interest in exploration and exploitation of deep-sea mineral resources. 2 Existing marine scientific research shows that a large number of mineral resources can be found in the international deep seabed area.

3 The United Nations Author: Xiangxin Xu, Guobin Zhang, Guifang (Julia) Xue. The industrialization of the deep sea is expanding worldwide. Increasing oil and gas exploration activities in the absence of sufficient baseline data in deep-sea ecosystems has made environmental management challenging.

Here, we review the types of activities that are associated with global offshore oil and gas development in water depths over m, the typical impacts of these activities Cited by: In the s the prospect of deep-sea mining was brought up by the publication of J. Mero's Mineral Resources of the Sea.

The book claimed that nearly limitless supplies of cobalt, nickel and other metals could be found throughout the planet's oceans. Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): ersitylibrary (external link)Author: George Edward Bollow.

The international legal framework for deep sea mining: a primer In a radical departure from the tradition of open access and freedom of the high seas, the United Nations Convention on the Law of the Sea (UNCLOS) declared the seabed area beyond national jurisdiction (the Area) and its mineral resources as the “common heritage of mankind.

Advancing mining technology and spiking prices for minerals have reignited interest in deep sea mining. But much of the attention has shifted to hydrothermal vents, where minerals are more densely. In the Pacific, the Deep Sea Minerals Project was a collaboration between the Pacific Community and the European Union initiated in The Deep Sea Minerals Project aimed to improve governance and management of deep-sea mineral resources across the region in accordance with international by: Mineral Resources from the Ocean Oceans cover 70 percent of Earth's surface, host a vast variety of geological processes responsible for the formation and concentration of mineral resources, and are the ultimate repository of many materials eroded or dissolved from the land surface.

The United Nations Convention on the Law of Seas. The United Nations Convention on the Law of the Sea (UNCLOS) confers coastal states with a broad range of sovereign rights and duties in relation to their exclusive economic rights and duties relate to utilisation of living resources, fisheries management, species management, enforcement and compliance, exploitation Author: Saul Roux, Catherine Horsfield.

Polymetallic nodules containing minerals essential to energy storage lie at the bottom of the Pacific Ocean. In deep-sea mining, a collector vehicle is sent to pick up these nodules from the deep seabed. The vehicle creates a sediment cloud known as a ‘collector plume,’ seen here in the foreground, that is then carried away by ocean currents.

Environmental management needs for exploration and exploitation of deep sea minerals: report of a workshop held by the International Seabed Authority in collaboration with the Government of Fiji and the SOPAC Division of the Secretariat of the Pacific Community in Nadi, Fiji, from 29 November to 2 December, File Size: 8MB.

Chapter one – Deep-sea minerals 11 Introduction to deep-sea minerals 12 Geology of the deep-sea floor and potential metal resources 14 Minerals and resource efficiency 18 Technological assessment and barriers 23 Environmental and legal considerations 24 Chapter two – Marine genetic resources 33File Size: 2MB.

Deep-sea mining risks “severe and potentially irreversible” environmental harm and the UK should prioritise protecting the ocean rather than extracting minerals from it, Greenpeace said. Seafloor Massive Sulphide (SMS) deposits are found beneath deep sea hydrothermal vents along km of volcanically active mid-ocean ridges and back arc basins, between 1, m - 5, m deep.

These contain high-grade copper, gold, silver, zinc, and other trace metals. Deep sea hydrothermal vent ecosystems were first discovered in at the Galapagos Rift, and stunned the.

Mineral Resources from the Ocean Oceans cover 70 percent of Earth's surface, host a vast variety of geological processes responsible for the formation and concentration of mineral resources, and are the ultimate repository of many materials eroded or dissolved from the land surface. Hence, oceans contain vast quantities of materials that presently serve as major resources for humans.

Seabed Mining (SBM) is an experimental industrial field which involves extracting submerged minerals and deposits from the sea floor.

There are interests both for and against seabed mining, however, the science around the environmental impact of SBM is incomplete and unproven. Deep-sea mining, an idea dating back to the s, could now happen within 10 years.

It has been made a possibility by population growth, economic growth and concerns over the. Deep ocean minerals (DOM) are mineral nutrients (chemical elements) extracted from deep ocean water (DOW) found at ocean depths of between and meters.

DOW contains over 70 mineral nutrients and trace elements including magnesium (Mg), calcium (Ca) and potassium (K) in their bio ionic form. To extract these products, DOW is treated with micro filtration and reverse osmosis to.

Past environmental studies such as the Deep Ocean Mining Environmental Study (DOMES) and resultant benthic impact experiments (BIE) concluded in part that trial mining at a reasonable scale would likely help best constrain real impacts from any commercial mining.

The International Seabed Authority in collaboration with the Government of Fiji and the SOPAC Division of the Secretariat of the Pacific Community held a Workshop on Environmental Management Needs for Exploration and Exploitation of Deep Sea Minerals, in Nadi, initiative reflected the increasing interest in and associated concerns about the potential environmental impacts of deep sea.

Get this from a library. Methodologies for assessing the impact of deep sea-bed minerals on the world economy. [United Nations. Department of International Economic and Social Affairs.;]. The pursuit of economic growth through minerals extraction in the deep sea coupled with the turn to experts, on the one hand, and to individuals through the stakeholder process, on the other, has the effect of further depoliticizing the exploitation of the seabed and – at least in regard to the payment mechanism – disproportionately gives Cited by: 1.

Ocean Economy. Inthe ocean-dependent economy generated $ billion or % of U.S. GDP; Coastal tourism & recreation dominated both employment and GDP in the ocean economy sectors with million jobs (75%) of employment and nearly $70 billion (51%) of GDP; Marine transportation had the second largest GDP, with $ billion, 20% of.

The Deep Sea Mining campaign started in late in response to the frenzy of seabed exploration in the South Pacific.

Approximately million square kilometres of Pacific Ocean Floor is currently under exploration leasehold for deep seabed mining to private and national government companies within both territorial and international waters.This chapter from 'Deep Sea Minerals: Deep Sea Minerals and the Green Economy' produced by the Secretariat of the Pacific Community focuses on the primary drivers of deep sea mining in the Pacific, with a shorter discussion on secondary drivers and the restrictive forces operating in the region.Marine minerals > Natural gas and oil have been extracted from the seas for deca­­des, but the ores and mineral deposits on the sea floor have attracted little interest.

Yet as resource prices rise, so too does the appeal of ocean mining. The excavation of massive sulphides and manganese nodules is expected to begin within the next few years.