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New Zealand may kick start
race to mine the ocean floor

Reuters, by Sonali Paul and Gyles Beckford

Original Article

Posted By:MDMuskrat, 6/16/2014 10:45:32 AM

New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world´s first commercial metals mine at the bottom of the sea. A green light to allow New Zealand´s Trans Tasman Resources Ltd to start iron-ore dredging off the country´s west coast will encourage others looking to mine copper, cobalt, manganese and other metals deeper on the ocean floor but worried about regulatory hurdles. Along the Pacific Rim of Fire, as deep as 6,000 metres underwater, volcano crusts, "black smoker" chimneys and vast beds of manganese nodules hold promise for economic powers like China

Fascinating subject. But don´t buy stock just yet. Better to wait until the "environmentalists" have finished their lawsuits and the EPA and ISA (International Seafloor Authority) have written their regulations. And you thought the war against fracking was bad; wait until the Luddite loonies build their cases based on deep sea ignorance.


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Reply 1 - Posted by: Cherrybark, 6/16/2014 11:01:44 AM     (No. 9887819)

The Maori Nation would have developed this resource if the white man hadn´t stolen this land so "considerations" must be paid in the form of a share of any profits.

Or there will be a Maori Taniwah who will be disturbed by any development and can only be appeased by a cash donation to the council. And, no, white men cannot see this spiritual being, only Maori.

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Reply 2 - Posted by: Safari Man, 6/16/2014 11:31:26 AM     (No. 9887869)

Two-thrids of the earth´s surface is covered by water Q.E.D. Two-thirds of the natural resources are covered by water. These days, its even more since many sources are tapped out. It sounds like a lot of these minerals are sitting on the top, ready for the taking.

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Reply 3 - Posted by: bldrrepub, 6/16/2014 11:57:12 AM     (No. 9887909)

In the mid-70s, manganese nodules on the sea floor and the possibility of mining them, was the subject of several science documentaries on TV. Shows from Jacques Cousteau, Nova, and National Geographic come to mind.

Howard Hughes developed a ship called the Glomar Explorer and set sail for the Pacific to mine the manganse nodules; except it was all cover for a CIA operation called Project Azorian.

My uncle worked on the development of the ship at Sun Ship in PA. I remember him talking to my dad saying that something was "off" about this ship.

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New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world´s first commercial metals mine at the bottom of the sea. A green light to allow New Zealand´s Trans Tasman Resources Ltd to start iron-ore dredging off the country´s west coast will encourage others looking to mine copper, cobalt, manganese and other metals deeper on the ocean floor but worried about regulatory hurdles. Along the Pacific Rim of Fire, as deep as 6,000 metres underwater, volcano crusts, "black smoker" chimneys and vast beds of manganese nodules hold promise for economic powers like China




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