{"id":151174,"date":"2017-08-23T11:08:19","date_gmt":"2017-08-23T05:38:19","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=151174"},"modified":"2017-08-23T11:08:19","modified_gmt":"2017-08-23T05:38:19","slug":"indias-exclusive-rights-to-explore-polymetallic-nodules-from-central-indian-ocean-seabed-basin-extended-by-5-years","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/08\/23\/indias-exclusive-rights-to-explore-polymetallic-nodules-from-central-indian-ocean-seabed-basin-extended-by-5-years\/","title":{"rendered":"India\u2019s exclusive rights to explore polymetallic nodules from Central Indian Ocean seabed basin extended by 5 years"},"content":{"rendered":"<div class=\"contentdiv\">\n<div style=\"text-align: justify;\" align=\"center\">\n<p>India\u2019s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) have been extended by five years. These rights are over 75000 sq km of area in international waters allocated by International Seabed Authority for developmental activities for polymetallic nodules. The estimated polymetallic nodule resource potential is 380 million tonnes, containing 4.7 million tonnes of nickel, 4.29 million tonnes of copper and 0.55 million tonnes of cobalt and 92.59 million tonnes of manganese. This has been approved unanimously in the 23rd session of International Seabed Authority (ISA) concluded on August 18, 2017 at Kingston, Jamaica.<\/p>\n<p>India is the first country to have received the status of a pioneer investor in 1987 and was allocated an exclusive area in Central Indian Ocean Basin by United Nations (UN) for exploration and utilization of nodules. India is one among the top 8-countries\/contractors and is implementing a long\u2013term programme on exploration and utilization of Polymetallic Nodules through Ministry of Earth Sciences. This includes survey and exploration, environmental studies, technology development in mining and extractive metallurgy, in which significant contributions have been made.<\/p>\n<p>While, the extraction of metals from the polymetallic nodules lying at the deep ocean floor is not yet found to be economically viable at this stage, an area of about 7860 sq km has been identified in the CIOB for the First Generation Mine Site on the basis of detailed surveys and analysis. Environmental studies for mining of deep-sea polymetallic nodules were also carried out to evaluate the possible impacts of mining on deep-sea environment.<\/p>\n<p>A Remotely Operable Submersible (ROSUB 6000), capable of operating at 6000 m water depth was also developed and tested successfully at a depth of 5289 m. A remotely operable in-situ soil testing equipment was also developed for obtaining detailed geo-technical properties of the mining area at CIOB and tested successfully at 5462 m water depth.<\/p>\n<p>A mining system is under development which has been tested for 500 m water depth. Metallurgical process routes for extracting copper, nickel and cobalt from polymetallic nodules have been developed and tested in a demonstration pilot plant set up on semi-continuous basis at Hindustan Zinc Limited, Udaipur with a capacity to process 500 kg nodules per day.<\/p>\n<p>International Seabed Authority (ISA) is a UN body set up to regulate the exploration and exploitation of marine non-living resources of oceans in international waters. India actively contributes to the work of International Seabed Authority. Last year, India was re-elected as a member of Council of ISA. India\u2019s nominees on Legal and Technical Commission and Finance Committee of the ISA were also elected last year.<\/p>\n<\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: right;\">Ministry of Earth Science<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) have been extended by five years. These <\/p>\n","protected":false},"author":91,"featured_media":65051,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8],"tags":[],"class_list":["post-151174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-treaties_conventions_internationalagreements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India\u2019s exclusive rights to explore polymetallic nodules from Central Indian Ocean seabed basin extended by 5 years | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2017\/08\/23\/indias-exclusive-rights-to-explore-polymetallic-nodules-from-central-indian-ocean-seabed-basin-extended-by-5-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s exclusive rights to explore polymetallic nodules from Central Indian Ocean seabed basin extended by 5 years\" \/>\n<meta property=\"og:description\" content=\"India\u2019s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) have been extended by five years. 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The contract provides India the exclusive rights of exploration in the area near the Rodridgues Tripple Junction in the southern part of Central India ridge and a\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, 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of Rs 1, 500 crore in Indian Renewable Energy Development Agency Limited (IREDA)","author":"Bhumika Indulia","date":"January 19, 2022","format":false,"excerpt":"On January 19, 2022, the Cabinet Committee on Economic Affairs has approved the equity infusion of Rs.1500 crore in Indian Renewable Energy Development Agency Limited (IREDA) which will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2\/year. 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