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Monday, July 27, 2020 | History

2 edition of economic analysis of a pioneer deep ocean mining venture found in the catalog.

economic analysis of a pioneer deep ocean mining venture

John E. Flipse

economic analysis of a pioneer deep ocean mining venture

by John E. Flipse

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  • 1 Currently reading

Published by Texas A & M University, Sea Grant College Program in College Station, Tex .
Written in English

    Subjects:
  • Ocean mining -- Economic aspects.

  • Edition Notes

    Statementby John E. Flipse.
    SeriesCOE report -- no. 262., TAMU-SG -- 82-201., TAMU-SG -- no. 82-201.
    ContributionsTexas A & M University. Sea Grant College Program.
    The Physical Object
    Paginationxi, 131 p. :
    Number of Pages131
    ID Numbers
    Open LibraryOL15196095M

      The biggest deep-sea mining operation so far was a cold-war ruse. In , the US Central Intelligence Agency launched an elaborate operation to . Current status of deep sea mining Name: Institution: Date: As the demand for metals and minerals rise, many corporations and countries now seek to venture into deep sea mining. Driven by commercial interests many corporations now see exploration of the deep ocean floor as the next frontier (MacDonald & Welsch, ).

    U.S. venture capital investment devoted to clean energy companies reached $ billion, over 9% of all VC spending. Why can’t our politicians share the same faith and hope in the American can-do spirit? We cannot solve this problem using the same thinking and the same technology that got us into the mess in .   Deep sea mining company reveals new gear Published Wed, Nov 11 PM EST Updated Thu, Nov 12 AM EST Robert Ferris @in/robert-ferris-a/ @RobertoFerris.

    TAIPEI, Jan. 28, /PRNewswire/ -- Pacific Deep Ocean Bi otech (PDOB), a research and development company that sources deep ocean water off the . Mining Mining at deep sea. Countries are delving deeper into the ocean to explore its mineral wealth. The deposits on the ocean floor are enormous and the ecology of this largest habitat on earth, unexplored. How will deep sea mining impact the ecology and shape the mechanism to .


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Economic analysis of a pioneer deep ocean mining venture by John E. Flipse Download PDF EPUB FB2

Get this from a library. An economic analysis of a pioneer deep ocean mining venture. [John E Flipse; Texas A & M University. Sea Grant College Program,; National Sea Grant Program (U.S.),] -- A 3 million ton per year, three metal, vertically integrated, ocean exploration, mining, transportation and ore-processing and metal-marketing system is defined and the capital and operating costs.

A pioneer deep ocean mining venture is described. This vertically integrated venture explores, transports and processes manganese nodules into four metals and markets the products. The integrated system is defined, and capital and operating costs are estimated in U.S. by: A PIONEER DEEP OCEAN MINING VENTURE.

The M.I.T. - NOAA Deep Ocean Mining Model is a flexible tool meant primarily as a basis for comparing the economic outcomes of a deep ocean mining venture under differing sets of assumptions as to costs, timing, regulatory policies, by: 4. Deep sea mining is a mineral retrieval process that takes place on the ocean mining sites are usually around large areas of polymetallic nodules or active and extinct hydrothermal vents at 1, to 3, metres (4, to 12, ft) below the ocean’s surface.

The vents create globular or massive sulfide deposits, which contain valuable metals such as silver, gold, copper. Economic Viability of a Four-Metal Pioneer Deep Ocean Mining Venture, US Dept. of Commerce, PB, p.

- Bureau of Mines, USA in Hillman, C. T., and Gosling, B. Mining Deep Ocean Manganese Nodules: Description and Economic Analysis of a Potential Venture, US Bureau of Mines, IC19p. - IFREMER/GEMONOD, France in   One mining operation as described in this paper would produce × 10 3 t of nickel, × 10 3 t of copper and × 10 3 t of cobalt annually, representing approximately per cent, per cent and per cent of their respective markets.

Because manganese is the most abundant constituent metal in the polymetallic nodules, it is important to understand the market dynamics. A pioneer deep-sea mining project is under progress and the commercial mining is scheduled to start in ’ Because the metal contents of mined ore from the deep-sea mining are different with those from on-land mining, the commercial mining may cause some economic.

Director & Chief Ocean Scientist Dr. Gregory Stone Dr. Stone is an ocean scientist and explorer with o dives throughout Earth’s ocean down to 18, feet using submarines, SCUBA, underwater habitats and robotics.

Thus, when accepting to sponsor deep sea mining activities, states need to be mindful of the additional disciplines imposed by international investment law.

The seabed beyond national jurisdiction (named as the “Area” by UNCLOS) is known to contain valuable mineral resources including copper, nickel, zinc and rare earth metals which have.

Australia, Italy, and Spain supported the Belgian proposal in its alignment with related provisions in UNCLOS Article (organs of the Council).

Italy noted prior calls by the LTC for more expertise related to marine biology, technology, and the economics of deep-sea mining. Oceans have fascinated humans throughout history and the notion of deep-ocean mining goes back to at least when, in Jules Verne's classic b Leagues under the Sea, Captain Nemo announced that, “In the depths of the ocean, there are mines of zinc, iron, silver and gold that would be quite easy to exploit.”Metal-rich nodules from the deep-ocean floor were described during the.

analysis of mining technologies developed in the s and s and model project economics and cost models that had been developed in the past for deep seabed mining (Flipse (), Nyhart MIT report “A pioneer deep ocean mining venture” as the basis upon which to.

It also addresses some technical geomechanical issues associated with deep mining. Some of the current challenges, advances, and prospective issues in deep mining can be summarized as follows: (1) Deep mining will become common in the future as coal and mineral resources at shallow depths gradually become exhausted.

Clauss, G., Theoretical and Experimental Investigations of Deep Sea Ocean Mining Systems and Their Economic Evaluation, Paper presented at the Second International Ocean Development Conference, Tokyo, Octoberpp. –   W hen published inJ. Mero's Mineral Resources of the Sea ([1][1]) painted a picture of an essentially limitless resource of more than 1 trillion metric tons of manganese nodules on the Pacific deep-sea floor that were growing at a rate faster than could possibly be exploited, a literally inexhaustible supply of metals such as Mn, Co, Ni, and Cu.

This book literally launched a hundred. DUBLIN, Sept. 10, /PRNewswire/ -- The "Deep Sea Mining Technologies, Equipment and Mineral Targets" report has been added to 's offering. Deep sea mining is defined as.

The mineral composition of manganese-bearing minerals is dependent on how the nodules are formed; sedimentary nodules, which have a lower Mn 2+ content than diagenetic, are dominated by Fe-vernadite, Mn-feroxyhyte, and asbolane-buserite while diagenetic nodules are dominated by buserite I, birnessite, todorokite, and asbolane-buserite.

The growth types termed diagenetic and hydrogenetic. The world’s oceans are facing a “new industrial frontier” from a fledgling deep-sea mining industry as companies line up to extract metals and minerals from some of the most important.

Books, arts and culture raise questions about the trade-offs between the economic gains of mining the seabed and that mining’s environmental consequences. Deep-sea mining.

The USGS expects deep-sea mining of critical metals to reach around 5 per cent of global supply byand 15 per cent by Till now, no one has successfully started a commercial venture to.

(, ). However, the economic viability of deep sea mining is still questionable. If the environmental and financial factors were cleared, then deep sea mining would definitely be a feasible option for the long term.

Implementation Details. In order for deep sea mining to be implemented, suitable sites must be found.Get this from a library! Mining deep ocean manganese nodules: description and economic analysis of a potential venture.

[C Thomas Hillman; Burton B Gosling].Space mining will play a critical role in allowing humanity to venture away from the planet on a regular basis. Building giant spacecraft on the ground and then launching them is hugely inefficient, especially when there is an almost unlimited source of iron and titanium already in space.