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The International Seabed Authority and China signed a 15-year contract for prospecting and exploration for polymetallic sulphides located in the Southwest Indian Ridge.
The contract was signed by Mr. Nii Allotey Odunton, Secretary-General of the Authority and Jin Jiancai, Secretary-General of China Ocean Mineral Resources R&D Assoc.,
The Authority has previously signed contracts with nine entities since the Nodule Regulations was adopted on 13 July 2000.
More on the signing courtesy of CNTV.
Photograph of signing also courtesy of CNTV.