Search Documents

By K. Vanstaen, K. M. Cooper, S. Ware, S. L. Boyd

Remediation and restoration of offshore marine habitats is a relatively new concept with attempts in European regions largely being instigated by requirements of various strategic directives including Article 2 of the Habitats Directive (1992), the EC Water Framework Directive (2000, Article 2 of the OSPAR Convention (1992) and the developing European Marine Strategy Directive. A field experiment to establish the practicality of various options for rehabilitating the seabed on the cessation of dredging has been successfully set up. The purpose of this experiment is to investigate the practicality and effectiveness of gravel seeding as a potential restorative method that can be applied at marine aggregate extraction sites following cessation of dredging. Zone 2, within Area 408 (offshore Humber) was chosen as the experimental site as there is some evidence for persistence of sand which may have resulted from screening operations at this site.

By P. A. Rona

The first hydrothermal mineral deposits found at a seafloor spreading center were discovered in the Red Sea by multi-national research vessels between 1963 and 1965. At that time, the deposits were considered a special case related to continental rifting and an early stage of opening of an ocean basin. Since that time, examples of almost all major varieties of volcanic- and sediment-hosted hydrothermal deposits associated with basaltic rocks in the geologic record have been found at present spreading centers. Review of over 100 hydrothermal mineral occurrences presently known at oceanic ridges and rifts indicates that a range of deposit sizes from small to large (> 1 x 106 tonnes) occurs at all seafloor spreading rates. However, larger deposits but fewer per unit length of spreading axis appear to form at slow- than at intermediate- to fast-spreading centers based on available data. Larger deposits are more common in sediment-hosted than in volcanic-hosted settings regardless of spreading rate. A spectrum of hydrothermal deposit varieties (stratiform, stockwork and disseminated sulfides; various forms of sulfate, carbonate, silicate, oxide and hydroxide deposits) occurs in almost all of the tectonic settings. High-intensity, ore-forming, subseafloor, hydrothermal convection systems that conserve heat and mass and concentrate hydrothermal precipitates are extremely localized by anomalous physical and chemical conditions relative to nearly ubiquitous low-intensity hydrothermal activity at and flanking seafloor spreading axes at all spreading rates. Two distinct shapes of volcanic-hosted

Jan 1, 1989

By Natalia Konstantinova, Kira Mizell, James R. Hein, Georgy Cherkashov

"Ferromanganese crusts and nodules from the Amerasian basin of the Arctic Ocean are characterized by a unique composition compared to crusts formed elsewhere in the global ocean (Konstantinova et al., 2017; Hein et al., 2017). One of the most significant differences from global ocean crusts is the high detrital mineral content; mass balance calculations show that it may be as high as 35% in some samples (Hein et al., 2017).These Arctic Ocean Fe-Mn crusts also typically have three distinct megascopic layers, except for thin crusts; less commonly, four layers are noted for thick crusts. The age of initiation of Fe-Mn crust growth in the Amerasia Basin varies from 14.8 Myr to 0.7 Myr ago based on the Manheim and Lane-Bostwick (1988) Co chronometer, Be isotopes, and Th excess methods (Dausmann et al., 2015; Konstantinova et al., 2017; Hein et al., 2017).Samples and MethodsFourteen Fe-Mn crust samples recovered on Russian and U.S. research cruises were chosen for analyses based on their morphology, composition, water depth, genetic type, and location in Amerasia Basin. Seven samples from four distant dredge sites along Mendeleev Ridge and seven samples from four locations on the Chukchi Borderland are included (Fig. 1). Dredge site water depths vary from 3850 to 2100 m with the deepest samples from the Chukchi Borderland. Many of the selected samples were described in previous publications (Konstantinova et al., 2017; Hein et al., 2017)."

Jan 1, 2017

By Seung-Kyu Son

This study was investigated about physico-chemical parameter such as water temperature, salinity, inorganic nutrients and total organic carbon (TOC). CTD (Model: Sea-Bird 911 Plus) castings were carried out on two transects in the northeast equatorial Pacific Ocean. As a part of the Korea Deep-sea Environment Study (KODES), inorganic nutrients and TOC were determined at 41 stations located from 131° to 136°W along 10.5°N and from 17° to 5°N along 131.5°W (Fig. 1). We particularly chose KODES Long-term Monitoring Station (St. KOMO) to observe for the annually environmental baseline study in the contract area. [ ]

Jan 1, 2005

By Andrew E. Grosz

The Atlantic Continental Shelf (ACS) of the United States includes about 391,000 km2 extending from the shoreline to the 200-m isobath. It varies in width from a fraction of a kilometer (offshore of southern Florida) to about 150 km (offshore of Cape Cod, MA). The contained volume, of sand and gravel is estimated to be on the order of 3-7 x 1.011 m3. Concentrations of potentially commercially important heavy minerals (HM) exist locally, particularly in high-energy depositional environments (for example in channels, tidal deltas, ridge and swale areas, and submerged former shoreline complexes). Recently completed and ongoing studies of HM assemblages in vibracore samples from the south shore of Long Island Sound, NY, offshore of Ocean City, NJ, offshore of Cape May, NJ, offshore of the mouth of Chesapeake Bay, VA, offshore of Myrtle Beach, SC (grab samples), and the ACS offshore of Florida provide the information base for this presentation (Table 1). The surficial sediments of the ACS contain local concentrations of HM that compare favorably to those in currently mined onshore deposits as shown

Jan 1, 1988

By James R. Hein

Ferromanganese oxyhydroxide crusts (Fe-Mn crusts) precipitate out of cold ambient seawater onto hard-rock surfaces at water depths of about 600-4000 m throughout the ocean basins. Fe-Mn crusts concentrate most elements in the Periodic Table above their mean concentration in the earth's crust (continental plus oceanic crust), except for the major rock-forming oxides and also notably gold and palladium. Tellurium is concentrated greater than any other element relative to its earth's crust mean (about 1 ppb). For example, mean contents of the elements heretofore known to be most enriched in crusts, Mo, Tl, Sb, Co, Mn, Bi, As, Se, and Pb are enriched 100 to 1000 times over their earth's crust mean, whereas the mean Te content in Fe-Mn crusts is enriched about 50,000 times. However, the distribution of Te in the earth is poorly known. Estimates of the mean Te content of the earth's crust range from 0.36 to 10 ppb, with 1 ppb being the most commonly cited mean content (compilations in Levinson, 1974 and Govett, 1983). If we took the highest estimate of 10 ppb, then Te would be enriched in Fe-Mn crusts five times more than the next most enriched element, or 5000 times the estimated maximum mean earth's crust.

Jan 1, 2000

By Julian Malnic

The emerging marine minerals exploration and mining industry is currently focused mainly on the technical elements for its success such as developing exploration and mining technologies. However, in one sense, the technical challenges are quite soluble whereas those arising in the fields of the environment and public opinion could present this new generation of miners with problems that are far more difficult to overcome. One need only look at the issues currently faced by mining projects on land to see how powerful the new forces of so-called ?civil society? are in stopping mineral developments in many countries. From the geographic viewpoint, there are many countries but there is just one ocean, so the impacts experienced by any one operation are likely to have pervasive repercussions throughout the industry. A well-oiled NGO development protest lobby will see leverage in resisting this new industry and will seize on the single-ocean angle. The Australian Minerals Industry has established a voluntary Code for Environmental Management that provides an active and valuable model for satisfying the ?court of public opinion? and in delivering economic results to industry that are in current jargon, sustainable. An explanation of the Code for Environmental Management, and the reasons behind 44 companies representing more than 300 operations and 85% of Australia?s sizeable mineral production being signatory to it will be given. Participants see it as a means to future shareholder wealth.

Jan 1, 2000

By Irina A. Pulyaeva

Hydrogenetic Fe-Mn crusts are ubiquitous in the ocean basins and play an important role in marine mineral-deposit research because of their widespread occurrence and high concentrations of valuable and rare metals. Directed research, which started in the last quarter of the 20th century, has provided significant results, with substantial amounts of data produced on Fe-Mn crusts structure, composition, and distribution in the global ocean. Detailed study of several seamounts has given confidence about the scale of Fe-Mn crust development and their characteristics. Now, commercial interests gain more and more attention. However, at the same time some theoretical questions related to Fe-Mn crust history including controls on metal sources and concentrations have not yet been answered. Here, we present the overview of age, composition, distribution, and geological setting of hydrogenetic Fe-Mn crusts from Pacific and Atlantic seamounts and discuss the geological evolution and conditions that led to the formation of potentially economic concentrations of metals. The age, composition, and distribution of Fe-Mn crusts in the Atlantic and Pacific oceans were determined by using a Fe-Mn deposits database compiled from our original data, published papers, published databases, and other international sources. Comparative analysis of Fe-Mn deposits from the Atlantic and Pacific oceans shows that there are similarities in basic characteristics of crust formation in both oceans. Simultaneously, there are significant differences in the scale of Fe-Mn crust distribution and composition that can be explained by differences in geological settings and characteristics of the deposition environment.

Jan 1, 2011

By Jun Lu

Compared with land mineral resources investigation, as well known, it is more important for marine geologists to get image data (e.g. photographs, video tapes and various charts) because they are often hard to reach deep seabed directly. In the past years a plenty of image data which are in various forms have been accumulated. In contrast with both digital and character data managing the image data by using database is just unfolding and it will be a trend for marine mineral resources investigation. GIS (Geography Information System) offers another useful means of processing image data, especially geological data. GIS is characterized by processing vector data (e.g. point, line and polygon), but newer versions of GIS software package are also able to process raster data (e.g. photographs etc.). The present author made a presentation on marine mineral image database during 25th UMI, but that system runs under DOS environment and dealt with only mineralogy. Recently a new system which integrates Oracle image database with GIS (ArcView version 3.1) has been developed. This system runs under Windows NT environment. In the network environment Server/Client mode is adopted, and over 200 basic subdatabases (tables)are located on Server; operating interfaces are located on several clients so that several persons can operate the system simultaneously. The whole system involves five types of marine mineral resources: manganese nodules, cobalt-rich crusts, polymetallic sulfides, phosphorites and gas hydrates. The data of every type of marine mineral resources described above are distributed among five units and several blocks. The units and blocks are described below:

Jan 1, 2000

By Alexander Malahoff

The most exciting frontier in Ocean Technology is represented by a new class of Marine Bioproducts, the source of which lies in marine microorganisms. The microorganisms include microalgae, bacteria and archaea. These organisms represent very diverse, adaptive life forms and in their metabolic processes use carotenoids, polyunsaturated fatty acids, ultraviolet blockers, as well as a wide range of enzymes that are pivotal in the production of new pharmaceuticals and nutraceutical products. These organisms cover a wide spectrum of ocean environments, from the shallow to the deep, from the normal to the extreme. The technological challenge is in the identification of candidate organisms, in the screening for valuable enzymes, and in the industrial production. A whole new range of collecting strategies involving submersibles, ROVs and in situ ocean floor instrumentation is emerging. New non-polluting industrial chemical processes involving the use of photobioreactors and extremophile bioreactors for breeding and monitoring these organisms in neo-farming technology is emerging. The commercial value of these candidate products is immense, as is the range of potential organisms. The dimension of this new industry is global. The Marine Bioproducts Engineering Center (MarBEC), funded by the National Science Foundation (NSF), has been established at the University of Hawaii. The vision of MarBEC is to develop a seamless research system stretching from undergraduate education to industry for the purposes of producing valuable marine bioproducts outside of the normal chemical factory production. MarBEC is uniquely and strategically placed in the Pacific to explore, find, and adapt highly bioactive marine micro-organisms found in the tropical ocean. We have watched the increasing need by the ever-

Jan 1, 2000

By Sven Petersen, Berit Lehrmann, Bramley J. Murton, Paul A. J. Lusty

"INTRODUCTIONToday’s metal mining focusses on land based ore deposits which only consider one third of the Earth’s surface. Through an increasing global demand of strategic metals used in the electronic and green industry (Zepf et al. 2014), ‘uneconomic’ sites of lower grade in more technical challenging grounds such as greater depth and/or more remote areas are developed by the mining industry often resulting in higher environmental impact. However, considering the steady growth of the Earth population a shortage of certain metals may occur (Krausmann et al. 2009). In 2010, the United Nations allowed commercial exploration for seafloor massive sulphides (SMS) in international waters with currently six contractor licenses being granted.Although the number of discovered vent sites has steadily increased since the first discovery of hydrothermal venting at the Galapagos Rift in 1977 (Corliss et al. 1979) with more than 600 sites being known today, their economic potential is poorly constrained. So far Nautilus Minerals Inc., a Canadian mining company, is the only company having conducted a NI 43-101 resource estimate for the Solwara site, located in the territorial waters of Papua New Guinea. Other studies using bulk geochemical data from 95 sites published in literature do exist (Hannington et al. 2011, Monecke et al. 2016) suggesting a global resource potential for today’s known SMS deposits of 600 million tons with a median grade of 3 wt.-% copper, 9 wt.-% zinc, 2 g/t gold and 100 g/t silver. However, the geochemical data being used originated mainly from easily recoverable, mainly non insitu surface grab-samples and are under current mineral resource classification schemes such as JORC code or NI 43-101 not even accepted for resource estimations. Furthermore surface samples such as high-temperature sulphide chimney and talus material are not representative for the entire deposits with information regards thickness and continuity of individual sulphide layers obtained through drilling being scarce. In addition, it remains unknown what geological processes occur once hydrothermal activity ceases and whether metal tenor becomes enriched, depleted or disappears."

Jan 1, 2017

By Sven Petersen, Iain J. Stobbs, Bramley J. Murton, Paul A. J. Lusty

"INTRODUCTIONIt is widely thought that seafloor massive sulphide (SMS) deposits, the modern analogue of volcanogenic massive sulphide (VMS) deposits, present a potential global resource for base (Cu, Zn) and precious metals (Au, Ag). In addition, SMS deposits can be enriched in ‘critical metals’ including Se, Te, Tl [1], which are essential for use in the construction of modern and green technologies. Globally over 340 high temperature hydrothermal sites have been identified at a range of ocean spreading centres [2], significant massive sulphide deposit formation has been recorded at 165 of these sites [3].To date only 13 deep sea sulphide deposits have undergone intrusive investigation (drilling or coring) and of these, only 6 sites have published tonnage estimates [2]. Almost all research and drilling of SMS deposits has been focused on active systems, the investigation of the morphology, subsurface structure and mineralogy of hydrothermally extinct seafloor massive sulphide (eSMS) deposits is almost non-existent.As such, little is known about the mechanisms that operate post-SMS formation and which have an impact on the preservation and hence resource value of SMS. Identifying these generic processes and mechanisms, and the extent to which they impact the resource grade, is critical in evaluating the global potential of SMS."

Jan 1, 2017

By Philomene Verlaan

This study examines the possible relationships between compositional variability in non-hydrothermal manganese nodules and large-scale environmental parameters. In the central SW Pacific (145-180° W and 20-O° S) the level of primary productivity, the rates and proportions of carbonate, silica and organic matter supply to the sediments, and the position of the seafloor relative to the Calcium Carbonate Compensation Depth (CCD) appear to directly influence nodule composition. Four zones of nodule composition are apparent. These zones correlate fairly well with the level of primary productivity in surface waters, as estimated by satellite-based measurement of chlorophyll content. The observed correlations between surface productivity and nodule composition are consistent with the contention that the dominant source of several transition metals in these deposits (i.e , Mn, Ni, Cu. and Zn) is provided by removal of fine-grained particulate matter from the water column by biological means. Subsequent decay of organic matter in sediments augments the content of these metals in the nodules through oxic and sub-oxic diagenesis. The opposite behavior of Fe and Co content may in part result from mineralogical and dilution effects.

Jan 1, 2000

By Gale L. Hubred

Kennecott?s Ledgemont Laboratory developed the Cuprion Process to recover metal values from manganese nodules in the early 1970s. A reducing leach of monovalent cuprous ion attacks the manganese oxide matrix, converting the manganese dioxide to manganese carbonate and releasing the copper, nickel, cobalt, and zinc as ammine complexes. Cuprous ion is generated by contacting leach liquor with carbon monoxide. Copper, and nickel, are recovered by solvent extraction and electrowinning. Cobalt is precipitated as cobalt sulfide and recovered as cobalt powder. Manganese, molybdenum, and zinc can be recovered optionally but have not been included in this process. Kennecott authors have described aspects of the process, but the Cuprion process has not been revealed except in patents. Tables are included for capital and operating costs and revenue. Even though economic recovery of nodules is not anticipated in the foreseeable future, some of the process steps may have application in other places. The Ledgemont Laboratory was a unique operation we think worth documenting. The report is based upon work done up until the mid 1970s. The report represents the work of the entire Kennecott nodule team. It is this author?s intention to save this result and credit the work of that nodule team. The paper is dedicated to the memory of Dr. Herbert Barner, a key member of the team who died in 2003.

Jan 1, 2005

By Richard C. Newell

The United Kingdom marine aggregate mining industry is the second largest of its kind after Japan. Materials for the construction industry, sea defences and for many other purposes are exploited from shelf waters at depths of 30-50 metres by self-contained suction dredgers which often screen material to obtain a cargo of a particular quality. Assessment of the environmental impact of such mining activities both within the boundaries of the dredged areas, and in the zone of deposition of outwash from the dredger has in the past been mainly based on predictive models based on the settlement rates of the individual particles and assumed Gaussian diffusion principles during the settlement phase. Recent studies which we have made on both the mass balance for materials rejected during the dredging process and direct measurements of the settlement of material in the dispersing plume suggest that the zone of settlement is much less than that predicted from diffusion models. Instead of a downstream settlement plume of 10-20 km in the tidal currents of U.K waters, our measurements show that inorganic components of the dredger plume reach background levels in the water column within 880 metres.

Jan 1, 2000

By Robert M. Owen

The rare earth elements (REE1s; atomic number 57 -71) exhibit a coherent chemistry, are widespread in nature, and tend to occur in characteristic concentrations in different geochemical phases. Because of their predictable chemistry, the REE's-are highly useful as indicators or tracers of geochemical processes, and are often used as such in investigations of the genesis of terrestrial ore deposits. However, analogous applications of the REE's to the study of marine mineral deposits have been constrained by our limited understanding of the marine geochemical cycle of these elements. For example, a continuing area of uncertainty in this regard involves the so-called "REE Mass Balance Problem." This problem refers to the fact that detailed geochemical mass balance calculations typically predict a significant imbalance for the REE's; i.e., the calculations predict that REE removal rates from seawater are 11-18 times greater than their input rates. Yet all other chemical considerations indicate that the REE budget should be roughly in balance. Recent studies at The University of Michigan suggest the solution to this problem lies in understanding the the role of seafloor hydrothermal activity in the marine budget of the REE's. Geochemical analyses of hydrothermal sediments from two Pacific sites (East pacific Rise at 19°s and the Southern Juan de Fuca Ridge at 45°N) clearly show that the REE component of hydrothermal sediments is primarily acquired via scavenging from seawater. Iron oxyhydroxides, which form as precipitates when hydrothermal solutions are debouched onto the seafloor, are the active scavenging agent. Although the REE content of hydrothermal sediments generally increases with increasing distance from the rise crest, this increase is especially pronounced for sediments deposited below the lysocline,

Jan 1, 1989

By David S. Cronan

The traditional method of deep sea manganese nodule exploration is to conduct grid survey and sampling on successively finer scales until a suitable deposit has been delineated. Clearly this is both time consuming and ultimately self-defeating if large areas of the ocean floor are to be explored on a human timescale. A conceptual deductive approach would be preferable if one could be found, as it would aim to outline areas of potentially economic nodules on the basis of easily measurable oceanographic parameters. An attempt to achieve this aim in the Central Pacific is outlined below. Nodule Distribution in the Central Pacific Ocean Maps of ore grade nodules in the Central Pacific show that they are confined to two zones trending roughly east-west which are well separated in the eastern Pacific but which tend to converge towards 170-180ºW. They follow the isolines of intermediate biological productivity in the surface waters, strongly suggestive of a biological control on their distribution. Within these zones the nodules preferentially occupy basin areas. Thus they are found in the Penrhyn Basin, Tokelau Basin, Central Pacific Basin, Clarion Clipperton Zone and Tiki Basin. Nodules in all these areas have features in common and are thought to have obtained their distinctive composition by similar processes.

Jan 1, 2003

By V. K. Banakar

The occurrence of hydrogenous ferromanganese encrustations (Fe-Mn crusts) on the Cretaceous age Afanasiy-Nikitin Seamounts (ANS) in the eastern Equatorial Indian Ocean (EEIO) was first reported by Banakar et al. (1997, Marine Geology). The major element composition of the samples from the upper flank of the ANS (~1650 m water depth) indicated enrichment of Co up to 0.9 % (Parthiban and Banakar, 1999, Indian Mineralogist). Subsequently a project supported by the Department of Ocean Development to explore the ANS for Co-enriched Fe-Mn crusts was launched in 2002 by the National Institute of Oceanography. Sampling at regular depth intervals along two transects on the slopes of the northern elevated region of the ANS was carried out. The Fe-Mn oxide deposition is evident on almost all types of substrates viz., basalts, conglomerate limestone, fossil corals etc., and the thickness of the oxide layer varies from a patina to 7 cm. The Fe-Mn crust growth is evident only above a water depth of 3200 m, below which semi-lithified carbonate ooze is dominant. The ANS Fe-Mn crusts from all the water depths exhibit Mn/Fe < 1.5 suggesting pure hydrogenetic accumulation of metal-hydroxides. Bulk sample Ce-contents for a few selected depth-representative samples are remarkably high, up to 3700 ppm with an average of ~2500 ppm. The positive Ce-anomaly decreases from ~8 at 1600 m depth to ~1.6 at 3200 m depth, which is in contrast to the modern dissolved oxygen depth-profile in the region. This observation suggests that major time-period of the Fe-Mn crust accretion history is dominated by ambient waters with lower-oxygen at deeper depths than at the intermediate depths. This in turn probably suggests a major reorganization in the deep-intermediate hydrography of the region in the past.

Jan 1, 2005

By Sang-Mook Lee

The Manus back-arc basin behind the New Britain Trench is one of the major sites of active seafloor hydrothermal vent-fields which are considered to be modern-day analogue of felsic volcanic-hosted polymetallic massive sulfide deposits abundant in ancient geological record. Many of these deposits represent multi-million dollar resources, and yet very little are known about the fundamental processes leading to their formation. In November 2000 January 2001, the PACMANUS hydrothermal system in this region will be targeted by the Ocean Drilling Program Leg 193 to investigate the internal anatomy. A number of observations that suggest that the tectonic, magmatic and hydrothermal processes in the eastern Manus basin spreading center are unusual in that they can not be explained by a simple back-arc opening due to subduction of the New Britain Trench. Geochemistry of submarine volcanoes in the eastern Manus basin, for instance, shows affinity to arc rather than back-arc type volcanoes. Yet these submarine volcanoes lie too faraway from the Benioff-Wadati zone. One hypothesis is that the magmatic and subsequent hydrothermal activity of this region is a direct result of the irregularities in the deep crust and upper mantle structure and that the tectonic process is controlled by the sharp inflection of the New Britain Trench. According to this hypothesis, the two major southeast-trending strike-slip faults in the eastern Manus Basin, Djaul and Weitin Faults, should extend farther down and join to the New Britain Trench. They would form a transform arm of the triple junction with the New Britain Trench southeast of New Britain Island and southwest of Bougainville Island forming the other two arms. A trench-trench-transform triple junction can not be stable over time, and therefore a slight change in the plate velocity may lead to a dramatic change in the configuration of the plate boundaries. If so, the instability of the triple junction may cause large tectonic deformations, such as mantle uplift under the Manus basin due to mantle rupturing by transform faults, and therefore may explain the arc-style volcanism and unusual compositions of hydrothermal deposits in the eastern Manus basin.

Jan 1, 2000

By James M. Cairns

Deep Sea Minerals Inc. (DSM) is a high technology marine minerals and biotechnology corporation. The corporation is currently engaged in a worldwide leasing program to acquire exclusive rights in specific Economic Exclusive Zones (EEZ?s) that DSM?s marine geologists have identified as prospective targets for seabed mines of copper, zinc, gold, and silver. In the last two years the corporation has assembled an international team, including some of the world?s leading marine research scientists and engineers, and has created strategic partnerships and alliances with world-class engineering and mining groups. Development of a marine mining venture has key requirements in common with most other mining ventures. These include financing, deposit location, property acquisition, deposit delineation, and permitting, as well as the collection, transportation, processing and marketing of the ore itself. DSM has made progress on all of these fronts, which is outlined in a general way in this presentation. Financing for the venture is clearly the first big hurdle to overcome. Deep seabed mining involves new technologies and significant up-front capital investment. Less than fifteen years ago, such financing would probably have impossible to achieve, given classical business models. However, with the spectacular success of high technology ventures in the areas of electronics, software, and biotechnology, new business models and investment strategies have evolved which put relatively high evaluations on intellectual property and exhibit relatively high confidence in new ways of doing things. DSM is taking full advantage of these changes in venture capital markets in its financial planning.

Jan 1, 2000