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By Kaihui Yang

Volcanogenic massive sulfide deposits are generally considered to have been formed by hydrothermal fluids that leach ore metals out of footwall rocks. However, the necessity for a metal-rich magmatic component in the ore-forming fluid of "giant" ore deposits has been debated over the decades. The solution to this issue is important not only for metallogenic models but also for the mineral exploration. In the hydrothermal leaching model, massive sulfides at mid-ocean ridges are deposited from hydrothermal fluids containing 80 ppm Fe, 6 ppm Zn, 2 ppm Cu, 350oC, and 0.7 g/cm3 density (average data for 21oN East Pacific Rise). A simple calculation demonstrates that such a dilute fluid is unlikely to have been responsible for the formation of the largest ancient massive sulfide ores of greater than 100x106 tonnes, such as Kidd Creek, Brunswick No. 12, Neves Corvo, and Rio Tinto. For such a deposit consisting primarily of pyrite, sphalerite, galena and chalcopyrite (other minerals, including gangue, might account for an additional 10-20%) and even assuming 100% precipitation and retention of the sulfides, more than 790 km3 of vent fluid would be required. For typical water-rock reaction ratios of about 2, this fluid would have to have reacted with about 395 km3 of rock to acquire its metals by conventional leaching processes. This estimate, however, conflicts with the observation that even a giant massive sulfide ore body is usually underlain only by a few cube kilometers of obviously altered rocks. Moreover, this model is not consistent with the observation of hanging wall alteration in many large massive sulfide deposits. The close spatial association between massive sulfides and volcanic rocks, in both ancient and modern sea floors, suggests that direct magmatic contribution should be taken into account in the genetic model. Magmatic fluids, capable of carrying abundant ore metals and volatiles and escaping from magma by depressurization, are well known from modern active volcanoes on land. High concentrations of metals occur in CO2-rich magmatic fluid trapped in felsic volcanic rocks nearby large presently-forming VMS deposits in the eastern Manus Basin (Pacmanus, Suzette) and also in the footwall rocks of Ordovician giant Brunswick #12 deposit in the Bathurst district, New Brunswick. Only 1% of such metal-rich magmatic fluid mixed with heated sea water, that has leached its metals from rocks, would contribute 85% of the total metals to form an orebody. Such magmatic fluids are most likely to be formed from volatile-rich felsic magmas that are prevalent in back arcs, and, if added to the normal circulation system, the fluids could be responsible for the formation of "giant" ore deposits. If this is true, then the study of magmatic fluids in the seafloor volcanic rocks may provide criteria for the exploration of large ore deposits.

Jan 1, 2011

By C. R. Pearce, B. Murton, S. Howarth, P. Lusty

"With the expansion of “green” energy technologies, the demand for the critical raw materials required to sustain this growth is increasing. Many E-tech elements, including tellurium (Te) and rare earth elements (REEs), suffer from high supply shortage risk and the need for more diversified metal supply routes is driving research into alternative resources. Hydrogenetic ferromanganese crusts, seafloor deposits of Fe- and Mnoxyhydroxides that form from the direct precipitation from seawater, present a potentially important future source of E-tech elements. With growing interest in the potential wealth of these deposits and the issuing of permits for deep-sea mining and exploration, more work is underway to understand the nature of ferromanganese crust deposits, their elemental concentrations and distributions, and the potential impacts of mining activities.This research focusses on the formation of ferromanganese crust deposits and processes that control the extreme enrichment of elements such as Te, Co and REEs. The crusts were systematically sampled and mapped between ~ 1000 – 4000 m depths using ROV ISIS, from a range of environments, substrates and morphologies from Tropic Seamount (NE Atlantic) in order to determine the seamount-scale factors that control major and trace elemental concentration variations. These factors include depth, surface roughness and micro-bathymetry, location relative to long-term mean current direction and energy, influence of tidal energy dispersion across the seamount, sediment supply, substrate lithology, biological productivity and phosphatisation. The study analyses trace-element characteristics of 100 ferromanganese crust samples alongside standard reference materials NOD-A-1 and NOD-P-1 (US Geological Survey manganese nodules). At this initial stage, we report results from whole rock acid digestion and ICP-MS analyses."

Jan 1, 2017

By Andrew E. Grosz

The United States is dependent on foreign imports for about 80 percent of its ilmenite, about 60 percent of its rutile, and virtually all of its monazite. Nearshore marine sand deposits and beach-complex sediments in the southeastern United States are important domestic sources of ilmenite, leucoxene, rutile, zircon, monazite, and a number of other less well known economic heavy-mineral (HM) species. Because global onshore reserves of placer titanium minerals may fall short of demand in as few as 20 years, offshore research in HM placers will become more important. The Atlantic Continental Shelf (ACS) defined by the shoreline and the 200-m isobath varies in width for the modern U.S. coastline from a fraction of a kilometer to about 150 km offshore of Cape Cod, Mass., and includes an area of about 3.91 x 105 km2. It probably contains 3-7 x 1011 m3 of sand and gravel which may locally contain commercially exploitable placer HM deposits.

Jan 1, 1986

By Sang Bum Chi

In order to better predict and manage benthic disturbance by deep seabed manganese nodules mining, we needed to conduct a benthic disturbance experiment at the selected area, which has a similar environmental condition as the preservation reference area. Therefore, we have performed environmental baseline studies from 2003--not only to select the benthic environmental impact testing site but, also to detect any environmental changes before and after mining activity. Since then, a large dataset of various parameters ranging from physical (e.g. temperature, salinity, current, weather), chemical (e.g. dissolved oxygen, nutrients, dissolved and particulate organic carbon), biological (e.g. bacteria, plankton, benthos), geological (e.g. Mn-nodule abundance, sediment shear strength) and others (e.g. bathymetric profile and slope, mass flux) have been accumulated. Using this dataset, descriptive statistics and cross-correlations were performed to select the benthic environmental impact testing site. Outcome of this analysis suggests that the potential benthic impact testing site would be a rectangular-shape area (10 km × 10 km) and located at 10°27'~10°33'N, 131°53'~131°58'W, which is latitudinally the same as the preservation reference area.

Jan 1, 2011

By David A. Clague, James R. Hein, Robert W. Embley, Robert C. Vrijenhoek, Randolph A. Koski

We report preliminary results for a group of unique samples collected with MBARI’s ROV Tiburon on August 12, 2005. The samples were collected from the East Blanco Depression (EBD) diffuse-flow hydrothermal field, which was determined in a previous study to cover an area of at least 100 m by 80 m (Hein et al., 1999). The survey reported on here extends that field to more than 1500 m in an approximately N-S direction. The EBD, a pull-apart basin, occurs near the western end of the Blanco Fracture Zone (BFZ), which connects the Juan de Fuca and Gorda Ridge spreading centers (Fig. 1). The samples were collected from a waterdepth range of 3343-3380 m.

Aug 24, 2006

By Sally Philpot, Siân E. Boyd, Hubert L. Rees, Emma Bee, Carla Houghton, Ceri James, Silvana N. R. Birchenough, S. Limpenny David, A. Coggan1 Roger, Koen Vanstaen

Every year approximately 22 million tonnes of marine sand and gravel are dredged form British waters. The eastern English Channel (EEC) contains substantial reserves, a proportion of which have been identified by the aggregates industry for potential future exploitation. The main aim of this study is to produce broadscale marine habitat maps of the EEC area. The UK aggregates industry has formed a consortium of representatives (the eastern English Channel Association), and have sponsored an initial baseline survey and follow-up sampling programmes as part of a Regional Environmental Assessment (REA) covering a patchwork of aggregate prospecting areas. To complement this effort, a large-scale geophysical survey was conducted in 2005 to place the REA in a wider spatial context and, thereby, to help assess the environmental significance of any future impacts arising from commercial aggregate extraction over the broader region of the EEC.

Sep 24, 2006

By Alan Foley

The Portable Remote Operated Drill was developed in Sydney, Australia in the 1990’s. The device is a platform for many in-situ seabed sampling and coring tasks. The range of tools developed for use in PROD’s magazine now includes gas detectors, vane testers, penetrometers and corers. This paper presents aspects of the soils testing undertaken in deepwater since 2005, focusing on testing of methane hydrates and reefal accumulations. The varied selection of tools carried in PROD’s magazines allow the unit to perform several functions from the seafloor in one deployment.

Sep 24, 2006

By Ivo Dreiseitl

The interaction between nodule harvester and eupelagic sediment on the seabed is definitely one of the key aspects of mining technology for polymetallic nodules which is to be studied in details. Physical properties of sediments play major role for evaluation of protection and preservation of marine environment while strength properties of sediments will come in useful for future mining operations. Cone penetration test (CPT) used for testing in situ is one of methods for investigation strength properties of sediments. The testing apparatus for CPT consists of an instrumented cone having a tip facing down and it is mounted on special underwater equipment (rus. UGI-1). UGI-1 can determine subsurface strength down to the depth interval 0 ? 1.10 m. Special IOM geotechnical cruise was accomplished in 1989 on board R/V Academic A. Karpinski within the extra test area of about 1000 km2. Thanks to UGI-1 the IOM database recorded unique strength sediment data (cone penetration resistance) from 279 seabed points of sounding at profiles 125.6 km long. Up to 35 strength data from depth interval 0-1.1m (every 3cm) were obtained from any particular testing point. As a result 279 strength charts could be plotted (two examples in Figure 1). The cone penetration resistance values can be correlated to shear strength parameters.

Jan 1, 2011

By Fredrik Søreide

Several potential marine mineral deposits of various types have been identified within the Norwegian EEZ. The Norwegian University of Science and Technology has recently designed and built a new remotely operated vehicle (ROV) system for scientific investigations of the deep-ocean and seafloor. A program to locate and investigate the most interesting of the identified marine mineral deposits using the new ROV system is underway. The ROV has been designed for detailed survey and sampling tasks. Although initially built for a major marine archaeology project, the design is equally suited to locate and investigate marine mineral deposits. The ROV is equipped with a high precision multi-sensory package that consists of various high quality cameras and lighting systems (together with state-of-the-art video and photo mosaic systems), several sonar systems, magnetometer and various other sensors. The ROV is also equipped with a 7-function manipulator arm and an excavation system. Internal collection baskets are used to store material for retrieval to the surface. A closed-loop control dynamic positioning system is used for detailed positioning of the ROV. Position data and other information are stored in a digital data management system. The ROV will also be used together with a specially developed remotely operated tool (ROT). The size and shape of this benthic lander can be adjusted before it is carefully lowered to the seafloor. The ROV can be docked on a moving platform on the ROT, to do detailed scientific investigations. The ROT can also be equipped with a separate sensor and system package, including drilling, excavation and coring units. This paper will present the new remotely operated system and the planned projects in Norway.

Jan 1, 2004

By Jung-Keuk Kang

Recently, the Korean government prepared a strategy for deep seabed mining, which consists of three stages for 20 years until 2010. The first step of the program is focused to conduct deep seabed exploration until 1993. The apparent "hurry-and-spend to catch-up" policy that the Korean government has shown in deep seabed mineral exploration was motivated by an effort to qualify a prerequisite requirement to be a pioneer investor as a developing country under the terms of Resolution II and the New York Understanding. Since 1983, KORDI (Korea Ocean Research and Development Institute) under the auspices of the Korean government has carried out deep seabed mineral exploration. The KORDI had a joint exploration program with USGS from 1989 to 1991 aiming to evaluate the potentiality of manganese nodule in the western part of Clarion-Clipperton Zone as well as that of manganese crusts in the western Pacific. In 1992, Korean government accelerates its program by the confirmation of national policy and the equipment of new built research vessel, Onnuri-Ho. The RIV Onnuri-Ho is about 1400 G/T, which is equipped with various advanced instruments including GPS, multi-beam echosounder (Seabeam 2000), multi-channel seismic system, and MDM system.

Jan 1, 1992

By Cameron Rees

The University of New South Wales Mining Research Centre (UMRC) has a longstanding research reputation in mining research, with particular expertise in mining systems, mining geomechanics and excavation engineering. The UMRC is now focusing this expertise on the potential of mining Seafloor Massive Sulphides (SMS). The UMRC has initiated a three-year research project that will identify and examine the requirements to effectively and efficiently mine SMS deposits. The major aims of this project are: ? To develop an understanding of the geomechanical characteristics and local physical environmental conditions associated with a ?typical? SMS deposit. ? To develop and evaluate a range of both conventional and innovative excavation processes for mining SMS deposits, and define the engineering parameters required for each extraction option, and ? To identify the materials handling and lifting requirements of the ?mined? SMS material, and the possible integration of the lifting system with the excavation processes considered.

Jan 1, 2002

By Siân E. Boyd

Studies of benthic recolonization in the aftermath of marine aggregate dredging in the U.K. and elsewhere are limited and are largely confined to experimental circumstances. Investigations of the physical and biological status of licensed extraction sites in the U.K. at various times following cessation of commercial dredging are very limited, and so judgments as to the likely progress towards environmental restoration and the time-scales involved continue to be based on predictions rather than real data. This field-based research programme was commissioned to enhance the understanding of processes leading to physical and biological recovery of the seabed following dredging, thereby aiding the identification of practices to minimize environmental harm at licensed sites, and to promote rehabilitation on cessation. The outcome of survey work will have the notable benefit of allowing questions about the present status of locations hitherto subject to commercial exploitation to be answered directly, rather than by inference.

Jan 1, 2002

By Tetsuo Yamazaki

Natural methane hydrate has been scientifically studied as a global carbon reservoir. However, in Japan, it?s potential as an energy resource has been industrially highlighted, because there are few domestic oil and natural gas resources in Japan, but many potential deposition areas for methane hydrate in the sea around Japan. Less CO2 discharge from methane compared with coal, oil and conventional natural gas for the same calorie value is considered an advantage for its use as an energy resource. Because methane hydrate is distributed at shallow depth in sediments on the ocean floor, accidental leakage of methane may occur while we utilize methane hydrate. Methane itself has a considerable impact on the greenhouse effect, if it reaches the atmosphere. Therefore, it is necessary to estimate its behavior in the environment after leakage if we want to use methane hydrate as energy resource. The mass balance after leakage of methane on the seafloor and in the water column can be studied through the analyses of natural cold seepages and hydrothermal activity.

Jan 1, 2004

By Jerry Hanua Naime

Papua New Guinea has permitted its first underwater mine. Nautilus Minerals (PNG) Limited is the company permitted to operate the Solwara 1 project. The project is located 30km off the nearest island of New Ireland in the Bismarck Sea. The successful permitting of the activity was due to the existence of a broad legislative framework and the collaborative efforts of stakeholders. Challenges faced included the lack of specific guidelines or policies for underwater mining; lack of existing technology and/or mining method; lack of benefit sharing mechanism for such a project and management of the perceptions of local communities that fear environmental degradation by the mining project. This presentation shares the experience of Papua New Guinea?s first under water mine. A background of the country, the project and the legislative framework are presented. Followed by the challenges and approach taken to permit the project.

Jan 1, 2010

By Eric J. Foell

Recognizing that the planned commercial exploitation of polymetallic nodules in the deep sea should be accompanied by environmental studies in order to protect this largest and least understood ecosystem of our planet, the German Ministry for Research and Technology has since 1989 funded a longterm and large-scale disturbance-recolonization (DISCOL) experiment in the abyssal Peru Basin of the equatorial South Pacific Ocean. The circular study site is located at 4150m depths and encompasses about 10km2 of relatively flat, heavily sedimented sea floor with low (< 15%) nodule coverage near an existing German nodule mining exploration license area. The RV SONNE, a large and well-equipped multi-purpose research vessel, served as platform for all environmental cruises conducted to date. The initial DISCOL expedition (SO-61, Feb.-March 1989) was carried out in two legs. During DISCOL 1/1, a study site was selected, a pre-disturbance baseline assessment was undertaken, and sea floor disruption was begun using the "plow-harrow", a uniquely designed disturber device towed repeatedly across the circular study area. During DISCOL 1/2, disturber deployments continued until the device had created 78 criss-crossing and partially overlapping tracks along which nodules were essentially plowed under while sediment from up to 15cm below the seabed had been turned over and exposed at the surface. In addition to the obvious within disturber track impacts, sediment mobilized by plowing drifted off with the prevailing near-bottom current and redeposited downstream, blanketing nearby areas not directly disturbed. Immediately after the disturbance phase, an initial post-impact sampling series was performed. The DISCOL Experimental Area (DEA) was revisited about six months (DISCOL 2, SO-64, Sept. 1989), three years (DISCOL 3, SO-77, Feb. 1992), and seven years (ATESEPP SO-106, Jan.-March 1996) after disturbance to collect further post-impact samples, monitor changes in the benthic community and follow the recolonization process. In addition to benthic community studies, plankton investigations were initiated during the third DISCOL cruise (SO-77) and continued during three further cruises (SO-78, SO-79 and SO-80/2) in 1992.

Jan 1, 1996

By R. Moss

Gold and silver are important byproducts of mining volcanogenic massive sulfide (VMS) deposits. Both metals occur in VMS deposits ranging in age from the Archean to the currently forming massive sulfides found on the ocean floor. The gold- and silver-rich deposits on the modern seafloor are geographically diverse and occur in several different tectonic settings (Figure 1a,b) including seamounts (e.g. Franklin Seamount, Papua New Guinea), unsedimented mid ocean ridges (e.g. TAG and Snakepit, Mid Atlantic Ridge), sedimented mid ocean ridges (e.g. Escanaba Trough) and back-arc basins (e.g. Manus Basin, Papua New Guinea). Interestingly, the most gold- and silver-rich deposits are found in the back-arc basins of the western Pacific, commonly associated with differentiated volcanic rocks such as the dacite-rhyodacite suite at PACMANUS in the eastern Manus Basin. This suggests that different, or more efficient, mechanisms are concentrating precious metals in such back-arc settings. Such mechanisms may include leaching of volcanics enriched in gold (e.g. rifted arc crust) or silver (e.g. continental crust) and/or the introduction of gold into a hydrothermal system by a magmatic fluid. The gold content of modern seafloor precipitates varies from a few ppb up to a high of 54 ppm reported from eastern Manus Basin (1). The Jade Deposit in the Okinawa Trough has the highest silver contents with values up to 1.1% (2). Both gold and silver are preferentially concentrated in late-stage, low temperature precipitates with zinc-rich assemblages being favoured in most cases. Gold is found as relatively pure native gold and sub-microscopic inclusions in gold-rich deposits, but occurs predominantly as sub-microscopic inclusions and possibly as solid solution in the gold-poor deposits (3). Silver occurs as rare silver minerals such as acanthite and native silver in the silver rich Jade deposit (2), but more commonly in the silver-containing minerals tetrahedrite and tennantite, as is the case in the PACMANUS deposit. Tetrahedrite is also known to be an important host of silver in ancient VMS deposits (4). More abundant sulfides can contribute significantly to the silver balance. In the silver-poor deposits at 21 N East Pacific Rise, silver is contained entirely within chalcopyrite, isocubanite, pyrite, marcasite, sphalerite/wurtzite and galena. In this case silver may be present as sub-microscopic inclusions of silver minerals or in solid solution.

Jan 1, 2011

By Justin C. I. Baulch, Robina Sharpe, Steven J. Downey, John P. Feenan, Kate M. Perrin

Since becoming a public company in October 2005, Neptune Minerals has continued to advance its primary aims. Major achievements in the last year have been: • Successful completion of two simultaneous New Zealand exploration programs, Kermadec 2007 (K-07) and Colville-Monowai 2007 (CM-07); • New discovery of an inactive SMS field on the Rumble II West seamount; • Focused exploration license applications over quality areas of known SMS mineralization in arc and back-arc settings in Japan, Vanuatu, Papua New Guinea (PNG), Northern Marianas Islands (CNMI), Palau, and Italy; • Granting of licenses covering some 200,326 km2 of arc and back-arc within the EEZ of PNG and the Federated States of Micronesia (FSM); • Targeting of an additional mineralization style with extensive applications in PNG covering Conical Seamount-style Au-rich epithermal mineralization; • Welcoming Newmont Mining, one of the World’s largest mining companies, as a major shareholder; • Commissioning a scoping study to investigate options for mining and processing of SMS; Marine Minerals of the Pacific: Science, Economics and the Environment UMI2007 · The University of Tokyo, Japan Baulch 2 37th Underwater Mining Institute · 15-20 October 2007 • Invitation to contribute to, and participate in, the Meteor M73/2 Tyrrhenian Sea research program. The Company has granted exploration licenses covering 263,000 km2 in New Zealand, FSM and PNG, and a further 362,000 km2 under application in Japan, PNG, Vanuatu, Northern Mariana Islands, Palau and Italy.

By Sven Petersen

In April 2010 three REMUS6000 series autonomous underwater vehicles (AUVs) have been used to simultaneously map large areas near the Mid-Atlantic Ridge (3°N) axis in water depths ranging from 1,000m to 4,000m. One vehicle was provided by the Leibniz-Institute for Marine Science, IFM-GEOMAR (Kiel, Germany) the other two were provided by the Waitt Institute for Discovery (La Jolla, USA) and managed by the Woods Hole Oceanographic Institute (USA). The REMUS6000 vehicles, manufactured by Hydroid Inc. (USA), are "cigar-shaped" vehicles (4m long and weighing approx. 900kg) and consist of a tapered forward section, a cylindrical midsection and a tapered tail section. An internal titanium strongback, which extends through much of the vehicle length, provides the structural integrity and acts as a mounting platform for syntactic foam, equipment housings, various sensors and release mechanisms. The AUVs can be used in various payload configurations such as multibeam bathymetry, electronic still camera, or subbottom profiler. For these missions the electronic still camera configurations was installed. An EDGETECH 2200M dual frequency (120/410 kHz) side scan sonar was used to map the seafloor, but other frequencies are readily available for more options in resolution and range. The 120 kHz side scan transmitter was used for most missions in order to map large areas (increased range) and to be able to fly at higher altitudes (between 70m and 90m) above the rough seabed encountered in this area. The maximum slant range was between 600m and 700m on both sides resulting in a swath width of up to 1.2 km. Line spacing ranged from nearly 1,000m in flat areas down to 400m in steep terrain. Side-scan mosaics were generated with a 1m resolution. Selected areas were targeted by the higher resolution 410 kHz transmitter as well as by bottom photographs flying as low as a few meters above the seabed. The vehicles navigated autonomously using a combination of inertial navigation (Kearfott T-24 or T-16 INS) and long baseline acoustic navigation by computing their range to two moored acoustic transponders. Working efficiently in this rough topography at speeds above 3 knots was only possible due to the obstacle avoidance capabilities of these AUVs.

Jan 1, 2011

By Alexander Malahoff

Accumulation of cobalt -rich ferromanganese crusts on Pacific seamounts located off-ridge in the Hawaiian EEZ, represents a complex process that involves geologic aging of the seamounts, geographic transportation- of the seamounts on the Pacific plate during the past 80 million years, and geochemical history of the oceans for that period. A comparative study of the building and erosion processes of the young Loihi Submarine Volcano, located south of the Island of Hawaii , and the 80 million year old Cross Seamount, located west of Hawaii , shows that both edifices show wide armchair-shaped talus chutes and intervening ridges of exposed dikes. The similarity between the observed mass wasting process on Loihi and Cross suggests that the slopes of submarine volcanoes are geologically unstable from the time of their origin on the seafloor through their entire geological history. The slopes of Cross are covered by coalesced ferromanganese crust covered talus, steep exposed dike faces, and crust covered dike ridges. A study of the stratigraphy of the crusts shows a range of thicknesses and number of unconformities present. The thickest crusts, up to 8 centimeters, are found preserved within the larger coalesced slabs along the shallower slopes of the talus chutes and along the crests of the ridges between water depths of 400 and 1800 meters. The platinum content was used in stratigraphic correlation between the crusts in the coalesced slabs and those collected from ridges with the PISCES V submersible. In the samples studied, the highest platinum content of 0.7 ppm

Jan 1, 1991

By Kioshi Mishiro, Pratima Jauhari, Walter Williams

INTRODUCTION The UN-General Assembly adopted an Agreement on 28 July 1994 entitled ‘Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea ((UNCLOS) of 10 December 1982’. The Agreement came into force on 16 November 1994, and consequently, the inauguration of the International Seabed Authority (ISA, or the Authority), located in Kingston, Jamaica. The Authority is the organization through which States Parties to the Convention (168, as of 25 July 2017) shall, in accordance with the regime for the seabed and ocean floor and subsoil thereof beyond the limits of national jurisdiction (the Area) established in Part XI and the Agreement, organize and control activities in the Area, particularly with a view to administering the mineral resources of the Area. The legal regime for the administration and development of the mineral resources of the Area as it now exists are available in Part XI of the Convention1 which contains the legal framework governing “activities in the Area” and in Annex III to the Convention which contains the “Basic Conditions of Prospecting, Exploration and Exploitation” with respect to the resources of the Area2. The 1994 Agreement relating to the Implementation of Part XI of the UNCLOS is the so- called ‘parallel system’; as elaborated in article 153 of the Convention. The essential elements of the ‘parallel system’ include assured access for States parties and their nationals to seabed mineral resources along with a system of site-banking, whereby ‘reserved areas’ are set aside for the conduct of activities by the Authority through the ‘Enterprise’ itself or in association with developing States or in joint venture with the contractor who provided the particular reserved site2.

Jan 1, 2018