Consider the following statements:The Global Ocean Commission grants licences for seabed exploration

Question

Consider the following statements:The Global Ocean Commission grants licences for seabed exploration and mining in international waters.India has received licences for seabed mineral exploration in international waters.Rare earth minerals are present on seafloor in international waters.Which of the statements given above are correct?

Accepted Answer

The Global Ocean Commission was an international initiative between 2013 and 2016 to raise awareness, and promote action to address, the degradation of the ocean and help restore it to full health and productivity.Licences for seabed exploration and mining in international waters are granted by International Seabed Authority (ISA). Hence, statement 1 is not correct.India has been exploring deep sea for minerals since 1981. In 2017, India’s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) have been extended by five years. Hence, statement 2 is correct.The deep seabed contains two potential sources for rare earth elements: polymetallic nodules which typically contain manganese, nickel, copper, cobalt and rare earth minerals; and sea-floor hydrothermal vents which pump out rare-earth elements dissolved in their hot fluids. Hence, statement 3 is correct.