Hellraiser007
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Indias deep sea Mineral wealth worth Rs.7 lakh cr only
In the retained area, the estimated polymetallic nodule resource potential is 380 million tons, containing 4.7 million tons of nickel, 4.29 million tons of copper and 0.55 million tons of cobalt and 92.59 million tons of manganese.
NEW DELHI(Commodity Online): Strategically important metals explored so far and expected to be extracted in the Indian Ocean region under India from polymetallic nodules are copper, nickel, cobalt and manganese as alloy and their (exempting the last) estimated value is expected to be about Rs.700,000 crores at prevalent price.
This is according to Minister of State in the Ministry of Planning, Science & Technology and Earth Sciences Dr. Ashwani Kumar as said to Indian Parliament on Wednesday.
India was initially allotted an Area of 1,50,000 sq.km. in Central Indian Ocean Basin (CIOB) by the then Preparatory Commission of United Nations (UN) on 17th August, 1987 on the basis of extensive survey work carried out by the country.
As per obligations, India relinquished 50% of the Area in phases and retained 75,000 sq km. Ministry of Earth Sciences (MoES) as nodal ministry of Government of India, is engaged in the exploration activity in an area of 75000 sq. km in the CIOB allocated to India by UN, for developmental activities in the retained area.
In the retained area, the estimated polymetallic nodule resource potential is 380 million tons, containing 4.7 million tons of nickel, 4.29 million tons of copper and 0.55 million tons of cobalt and 92.59 million tons of manganese.
India signed a contract with International Seabed Authority (ISA) in March, 2002 for a period of 15 years for carrying out various developmental works (Survey & Exploration, Environmental Impact Assessment (EIA) study, technology development in Mining and Metallurgy) in the retained area under Polymetallic Nodules programme.
It seems India is blessed with Indian ocean
In the retained area, the estimated polymetallic nodule resource potential is 380 million tons, containing 4.7 million tons of nickel, 4.29 million tons of copper and 0.55 million tons of cobalt and 92.59 million tons of manganese.
NEW DELHI(Commodity Online): Strategically important metals explored so far and expected to be extracted in the Indian Ocean region under India from polymetallic nodules are copper, nickel, cobalt and manganese as alloy and their (exempting the last) estimated value is expected to be about Rs.700,000 crores at prevalent price.
This is according to Minister of State in the Ministry of Planning, Science & Technology and Earth Sciences Dr. Ashwani Kumar as said to Indian Parliament on Wednesday.
India was initially allotted an Area of 1,50,000 sq.km. in Central Indian Ocean Basin (CIOB) by the then Preparatory Commission of United Nations (UN) on 17th August, 1987 on the basis of extensive survey work carried out by the country.
As per obligations, India relinquished 50% of the Area in phases and retained 75,000 sq km. Ministry of Earth Sciences (MoES) as nodal ministry of Government of India, is engaged in the exploration activity in an area of 75000 sq. km in the CIOB allocated to India by UN, for developmental activities in the retained area.
In the retained area, the estimated polymetallic nodule resource potential is 380 million tons, containing 4.7 million tons of nickel, 4.29 million tons of copper and 0.55 million tons of cobalt and 92.59 million tons of manganese.
India signed a contract with International Seabed Authority (ISA) in March, 2002 for a period of 15 years for carrying out various developmental works (Survey & Exploration, Environmental Impact Assessment (EIA) study, technology development in Mining and Metallurgy) in the retained area under Polymetallic Nodules programme.
It seems India is blessed with Indian ocean
