Exploration And Development Of Deep Ocean Mining

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Deep ocean mining is a great way for the ocean to get a rich source of minerals. At the same time its high risks due to extreme pressure at death is harmful. “It’ll be much tougher to mind largely because of ocean depth and pressure.” If one problem goes wrong it’s harder to deal with a problem so far down. “As an industry deep ocean mining still in the early stage of exploration and development,” by biologist Richard Steiner. “Another reason currently, extraction of minerals by contractors of sand and gravel or of higher value minerals such as diamonds and gold takes place in shallow water.” However, it is now believed that extracting high-value minerals on the seabed will benefit the twofold: (i) given the increase in the cost of…show more content…
This notwithstanding, the Government could insist, for example, that exploitation or exploration of the mineral resources in a particular area should be diligently carried out; that it must comply with any plan of work authorized with a corresponding contract and that it should comply with any rules, regulations or procedures issued or adopted by the ISA which are applicable to contractors. It is important to note that the Government cannot issue a license to a contractor in relation to a specific area if the ISA has already issued a license (unless it is with a contractor).14 However, given the extreme environment within which contractors operate, a key question to ask is how is the Government going to be able to tell whether in territorial or non-territorial waters as a sponsoring state that a contractor has: (i) complied with the terms and conditions of the requisite license; (ii) the provisions (including environmental protection measures) set out in UNCLOS; (iii) rules and regulations adopted by the state; (iv) rules and regulations introduced by the ISA; and (v) the terms set out in an exploration or exploitation contract granted by the ISA
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