The International Seabed Authority has entered into 15-year contracts for exploration for polymetallic nodules, polymetallic sulphides and cobalt-rich ferromanganese crusts in the deep seabed with thirty (30) contractors.
Eighteen of these contracts are for exploration for polymetallic nodules in the Clarion-Clipperton Fracture Zone (16), Central Indian Ocean Basin (1) and Western Pacific Ocean (1). There are seven contracts for exploration for polymetallic sulphides in the South West Indian Ridge, Central Indian Ridge and the Mid-Atlantic Ridge and five contracts for exploration for cobalt-rich crusts in the Western Pacific Ocean.
The conclusion of contracts allow these contractors to explore specified parts of the deep oceans outside national jurisdiction. Read more