World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Deep Seabed Minerals Licence For Nauru

10th February 2012

With the International Seabed Authority (ISA) granting Nauru Ocean Resources Incorporation (NORI), a Nauru registered exploration company, the right to explore for deep seabed minerals in the International Seabed Area (known as “the Area”), the country becomes the first Pacific Island nation to have secured such a licence.

With limited seabed mineral resources inside its Exclusive Economic Zone (EEZ), the licence gives NORI the right to explore an area beneath international waters, at estimated depths of 5000 metres.

NORI is owned by two Nauru foundations; the Nauru Health and Environment Foundation and the Nauru Education and Training Foundation. As a part of the licence application process, the ISA subjected the company to a rigorous screening of its history, financials and work practises.

Countries own the resources within their EEZs, the area of sea and ocean floor within 200 nautical miles as measured from a country’s shoreline, but the vast expanses of sea floor beyond countries’ EEZs is called the International Seabed Area, or simply, the Area.

The United Nations-created International Seabed Authority (ISA) administers the Area for the benefit of all nations, and is also responsible for the issuing of licences for exploration of mineral resources beneath international waters.

SPC/SOPAC’s Akuila Tawake, Team Leader of the European Union-funded four-year Deep Sea Minerals Project said, “Although the first licences are being granted for deep seabed mineral exploration in the Area, the ISA has yet to complete the regulations governing any future mining operations in the Area.

“The Deep Seabed Minerals Project, is drawing on the knowledge of Pacific Island Nations, and gathering information from scientific, environmental, legal and mining experts in developing the deep sea minerals regional framework, and the state of knowledge on marine minerals in the Pacific that are in the process of being established for use by the Pacific ACP Countries.”

Mr Robert Heydon, Vice-Chairman of NORI, said that Nauru is at the forefront of putting legislation in place, as well as taking precautionary measures to protect the environment.

He said that exploration of the Area’s mineral resources involves significant commercial risk, and while, “it is really good to have areas set aside for developing countries to utilise, there is little practical point if countries can not gain access to the technology and financial resources necessary to do the exploration and possible mining in the future.”

Until the mining begins, companies like NORI have their own exploration timeline to follow, that involves environmental studies as well as geophysical and geological surveys to map out the seafloor and pick up seabed samples to determine what sort of resources are present.

“Once we have determined the grade and abundance of mineral resources in NORI’s licence area as well as the seafloor characteristics, we can start designing trial mining equipment, which will be tested to ensure efficient operation at such depths,” said Mr Heydon.

According to Mr Heydon, “If everything goes to plan, mining could begin in five or six years time, but it won’t start until the ISA has regulations in place.

“At the end of the day, we can’t start mining for deep seabed minerals in the Area until the world is happy to commit to the ISA regulations.”

NEWSROOM: newsroom@sopac.org WEBSITE: www.sopac.org

Member Countries: American Samoa, Australia, Cook Islands, Federated States of Micronesia, Fiji Islands, France, French Polynesia, Guam, Kiribati, Marshall Islands, Nauru, New Caledonia, New Zealand, Niue, Northern Mariana Islands, Palau, Papua New Guinea, Pitcairn Islands, Samoa, Solomon Islands, Tokelau, Tonga, Tuvalu, United States of America, Vanuatu and Wallis and Futuna

******

ENDS

 
 
 
 
 
World Headlines

 

Palestinian Hunger Strikers: Who Exactly Represents Them?

(Source: dailymaverick.co.za, Article: Khadija Patel) First a Palestinian minister announced that a deal had been reached with Israel to end a weeks-long hunger strike by hundreds of prisoners. Then, various activists countered assertions of the reported deal, claiming the Palestinian Authority actually ... More>>

Palestinian Information Center: Palestinian Prisoners Win Battle Of Empty Stomachs

GAZA, (PIC)-- Palestinian prisoners have finally won their battle of empty stomachs against the Israeli suppressive jailors and won back normal rights of prisoners after 28 days of hunger strike. More>>

AHRC: Hun Sen Is Not Blind To What Goes On Around Him
(Image en.wikipedia.org)
We may never know what really happened when Cambodia's eminent environmental activist Chut Wutty (46), father of two, head of the Natural Resource Protection Group, a Cambodian non-governmental organization fighting Cambodia's deforestation, was shot ... More>>


Pacific Education: Call For Sustainability In Pacific Education Sector

Port Vila, Vanuatu, 13th May 2012 – There has been a call for sustainability and coordination of development resources in the education sector in the Pacific region as the 9th Forum Education Ministers’ Meeting (FEdMM) gets underway in Port Vila, ... More>>

Binoy Kampmark: Twenty Years On: Official Negligence, Rodney King, The Riots

Even after twenty years, the Los Angeles riots that were precipitated as a reaction to the Rodney King trial divide rather than affirm positions. So much in the pursuit of life’s answers lies in exposing errors rather than unearthing truths. The King ... More>>

United Nations:Global Jobs Crisis Expected To Continue For Some Time

Global Jobs Crisis Expected To Continue For Some Time, Warns UN Report New York, Apr 30 2012 11:10AM The global employment situation is alarming, says a new United Nations report released today , which also warns that recovery is not expected any ... More>>

Boycott Israel Network: Co-Operative Group Move To End Illegal Settlement Links

Media Release: Campaigners welcome Co-operative Group move to end trade links with companies that source goods from illegal settlements More>>

International Committee Of The Red Cross: Pakistan: Kidnapped ICRC Delegate Murdered

(Image:International Red Cross Red Crescent, Wikipedia)

Islamabad/Geneva – The International Committee of the Red Cross (ICRC) condemns in the strongest possible terms the murder of its staff member Khalil Rasjed Dale. The ICRC has now received confirmation that Khalil, a 60-year-old health-programme ... More>>

 
 
 
 
World
Search Scoop  
 
 
powered by newsagent
NZ independent news