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102 

Gennadyevich Khramov, Walter de Sá Leitão, Sudhakar Maruthadu, Sandor Mulsow Flores, Nobuyuki Okamoto, Christian Reichert, Mahmoud Samy, Adam Tugio and Haiqi Zhang. The following five members informed the Secretary‐General that they would be unable to attend the session: Jean‐Marie Auzende, Said Hussein, Isikeli Uluinairai Mataitoga, Andrzej Przybycin and Elena Sciso.  

3. The Commission considered the following matters during the sixteenth session: 

(a) Evaluation of the annual reports of contractors submitted pursuant to the Regulations on Prospecting and Exploration for Polymetallic Nodules in the Area (‘the Regulations’); 

(b) Completion of the training programme by the Federal Institute for Geosciences and Natural Resources of Germany; 

(c) Review of the Recommendations for the guidance of contractors for the assessment of the possible environmental impacts arising from exploration for polymetallic nodules in the Area issued under regulation 31 of the Regulations; 

(d) Outcomes and recommendations of the project to establish a geological model for the Clarion‐ Clipperton Zone; 

(e) Presentation of the Code for Environmental Management of Marine Mining of the International Marine Minerals Society; and (f) Other matters.  

4. At its meeting on 21 April 2010, the Commission elected Miguel dos Santos Alberto Chissano (Mozambique) as Chairman and Nobuyuki Okamoto (Japan) as Vice‐Chairman. 

  

I. EVALUATION OF THE ANNUAL REPORTS OF CONTRACTORS SUBMITTED PURSUANT TO 

THE REGULATIONS ON PROSPECTING AND EXPLORATION FOR POLYMETALLIC NODULES IN THE AREA 

  

5. On 19, 20, 21, 22 and 23 April, the Commission reviewed and evaluated, in closed meetings, the annual reports submitted by contractors pursuant to the Regulations. For this purpose and following its usual practice, the Commission divided itself into three working groups on legal, environmental and technological aspects. The working groups carried out a preliminary review of the annual reports and prepared a draft evaluation for consideration by the Commission. To facilitate its work, the Commission was provided with a preliminary analysis of the annual reports prepared by the secretariat (ISBA/16/LTC/CRP.5). The report and recommendations of the Commission concerning the annual reports of the contractors are contained in document ISBA/16/LTC/6.  

6. In reviewing the annual reports, the Commission made several comments of a general nature. In particular, the Commission noted that contractors had only partially followed the Recommendations for guidance on the reporting of actual and direct exploration expenditure issued by the Commission in 2009 (ISBA/15/LTC/7). The Commission also noted that there were significant variations in reported financial expenditure among contractors in respect of a similar item, e.g. the cost per day of at‐sea exploration. Moreover, the Commission expressed its concern that some reported expenditures could not be classified as ‘actual and direct exploration expenditure’ as defined in the Regulations. The Commission recommended that the contractors be requested to provide with their next annual report a revised historical breakdown of reported expenditure in accordance with the 2009 Recommendations. The Commission also requested the secretariat to prepare for the next session a detailed analysis of the reported expenditure by contractors against the recommended headings of expenditure set out in the 2009 Recommendations, in order to enable the Commission to provide further guidance to the incoming Legal and Technical Commission on the treatment of such expenditure.  

7. The Commission observed that the environmental and exploration work of the contractors continues to progress at a slow pace. The Commission also expressed its concern that there was still a lack of raw data being

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