South Korea on Monday announced that it has secured exclusive rights to explore and develop a deep sea mine in the resource-rich Indian Ocean that can produce over USD 300 million worth of minerals like gold, silver and coppers per year.
The International Seabed Authority (ISA) last week unanimously agreed to recognise South Korea's rights to the offshore mine that lies across an area of 10,000 square kilometers in the Indian Ocean, the government said.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/south-korea-wins-rights-undersea-mine-indian-ocean
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/asian-age-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/south-korea
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-ocean
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/deep-sea-mining
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gold
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
