DEEP SEA MINING: EXPLORATION IS INEVITABLE

Similar documents
Deep Sea Minerals in the Pacific Islands region: Status, Challenges and Opportunities

Deep Sea Minerals in the Pacific Islands Region: Occurrence, Potential and Case Studies`

Prospects and Status of Exploration for Polymetallic Sulphides. Georgy Cherkashov VNIIOkeangeologia St.Petersburg, RUSSIA

N A U T I L U S M I N E R A L S I N C. T S X : N U S A I M : N U S. Archipelagic Resources of SE Asia Mike Johnston, VP Strategic Development

Geography IIN. Exploration of Polymetallic Nodules

WHAT IS MINERAL EXPLORATION?

Mineral Supply and Consumption Searching for a Twenty-First Century Balance

Rate the Volcanic effects above. Justify your answer.

SPC-EU EDF10 Deep Sea Minerals (DSM) Project WORKSHOP PROGRAMME

NAUTILUS MINERALS International Copper Study Group 27 April, 2012

Real-Life Applications: Economic Mineral Deposits

New Frontiers - Ocean Minerals Exploration and Development

The Future of Deep-Sea Mining

Bisie cannot plot on the axis used for all other projects

CORPORATE UPDATE. Feasibility Study being finalised for completion towards the end of April.

SEPTEMBER QUARTERLY REPORT

Exploration

For personal use only

DEEP SEA MINERALS. Summary Highlights SUMMARY HIGHLIGHTS 1

NAUTILUS MINERALS Seafloor Resource Production CEO Steve Rogers April, 2012

CHAMPION IRON REPORTS EXPLORATION RESULTS AT POWDERHORN PROJECT, NEWFOUNDLAND

Australia s Mineral Resources: A New Era of Exploration and Development

Deep-Sea and Sub-Seafloor Resources: A Polymetallic Sulphide and Co-Mn Crust Perspective. Stephen Roberts

Mining metals amidst seafloor animals

WOWO GAP PROJECT. Resource Mining Corporation Limited ( RMI ) 23 June 2011 EXPLORATION PROGRAM HIGHLIGHTS

MANN SILVER-COBALT MINE. PORE: TSXV PowerOre.com

Geology 12 FINAL EXAM PREP. Possible Written Response Exam Questions

With improved metal prices and utilizing new technology past producing copper gold mines are being re started by new owners

NEWS RELEASE. Evrim announces initial drilling results at Cuale Gold Project in Mexico

For personal use only

How do you define Resource? Resources

ASX/MEDIA RELEASE 25 November EMERGENT CONFIRMS MAJOR JORC RESOURCE UPGRADE TO 561Mt FROM PREVIOUS 127Mt AT BEYONDIE IRON PROJECT

MEDIA RELEASE OCEANAGOLD REPORTS ADDITIONAL HIGH-GRADE DRILL RESULTS AT WAIHI IN NEW ZEALAND

Earth resource investment opportunities in Victoria, Australia

Silver City Minerals

CROCODILE GOLD FILES TECHNICAL REPORTS FOR FOSTERVILLE AND COSMO GOLD MINES AND PROVIDES ANNUAL GENERAL MEETING INFORMATION

Strong gold values at Drake s Seimana Gold Project in Guinea

Plate Tectonics. Essentials of Geology, 11 th edition Chapter 15

Bass Metals records further positive drill results & progress at 3 prospects.

DECEMBER QUARTERLY REPORT

60% upgrade of Flying Doctor Resource to 104,600 tonnes of contained zinc and lead.

MAJOR EXPLORATION SUCCESS AT JACK HILLS IRON ORE PROJECT EXPLORATION TARGET OF ADDITIONAL MILLION TONNES

EXPLORATION LICENCE SURROUNDING THE HISTORIC FALUN COPPER MINE GRANTED

Chapter 16 Minerals: A Non-renewable Resource

Explain the impact of location, climate, natural resources, and population distribution on Europe. a. Compare how the location, climate, and natural

Advancing Geoscientific Capability. Geological Survey of Finland

For personal use only

Quarterly Activities Report For the Period Ended March HIGHLIGHTS

DUGALD RIVER. Expected mine life: 16 + years Resource (contained metal): 5.8 million tonnes zinc 1.0 million tonnes lead 67.8 million ounces silver

Earth / Environmental Science. Ch. 14 THE OCEAN FLOOR

ASX ANNOUNCEMENT Date: 03 October 2018 Number: 604/031018

Global Mining Finance Autumn Conference. September, 2015

New Drilling Program Commences at Mutiny s Deflector Deposit

SIMUKU DRILLING TO OVER 1000 METRES DEMONSTRATES SIGNIFICANTLY INCREASED TONNAGE POTENTIAL OF THE INFERRED RESOURCE

For personal use only

Cambridge International Examinations Cambridge International General Certificate of Secondary Education

Trouser Legs Mine Strong Drilling Results - including g/t Au Potential for Further Mine Development

14.2 Ocean Floor Features Mapping the Ocean Floor

FOR IMMEDIATE RELEASE August 9 th, 2018 (VTT2018 NR #7)

EXPLORATION UPDATE: BODDINGTON SOUTH GOLD PROJECT AND DOOLGUNNA STATION PROJECT

HERON ENTERS OPTION TO PURCHASE A1 GOLD MINE, EASTERN VICTORIA

High Grade Gold Intercepts at Bangaba

FALCO PACIFIC COMPLETES INITIAL MODEL FOR THE HORNE 5 GOLD/SILVER/ZINC/COPPER DEPOSIT

Drake Resources Limited Quarterly Activity Report June 2007

Marine Science and Oceanography

THE INTERNAL STRUCTURE OF THE EARTH

Australia s Response To The Chile Technological Roadmap In Mining : The University of Queensland Experience

Field Review Confirms Extensive Strike Length of Gold-Prospective Lower Fortescue Conglomerates at Whim Creek

Further High Grade Gold Mineralisation Intersected in Bonanza Zones at Mt Kare Gold/Silver Deposit PNG

Metamorphic Environments. Contact (or thermal) Hydrothermal Burial Regional Shock (impact) Fault Zone

Mediterranean Sea and Territorial Development, Opportunities and Risks

Hydrothermal Vent Challenge

AMUR MINERALS CORPORATION (AIM: AMC)

PRESS RELEASE NEW MINERAL RESOURCE UPDATE AT PRAIRIE CREEK MINE. Measured + Indicated and Inferred Resource Tonnages Increased

AURA TO COMMENCE EXPLORATION DRILLING PROGRAM ON ITS TASIAST SOUTH GOLD PROJECT COPPER AND NICKEL PROSPECTS WILL ALSO BE EXPLORED

Through their research, geographers gather a great deal of data about Canada.

Torrens: Massive IOCG Copper Target

For personal use only

2017 as at 30 June 2017 Project Tonnes HM HM SL OS HM Assemblage Tonnes HM HM SL OS HM Assemblage

Oposura Scoping Study Nearing Completion

Ch 9.1 Notes. Objective: Be able to explain the theory of plate tectonics and be able to explain evidence that supports it.

NEW PETROLEUM POTENTIAL IN FIJI AND INITIATIVES TO ATTRACT OIL COMPANIES TO INVEST IN EXPLORATION

Web Supplement

ROX DEFINES STRONG IP ANOMALIES AT PHA LUANG

Quarterly Report Quarter ended 30 June 2010

Vendetta Reports Additional High Grade Drilling Results from Zones 2 and 3 at Pegmont Lead-Zinc Project

Chapter 20. Plate Tectonics

ASX Announcement NAKRU DRILLING AND TRENCHING INTERSECTS 11 METRES AT 2.84 G/T GOLD AND 28.4 METRES AT 1.1% COPPER

PRECAUTIONARY MANAGEMENT OF DEEP SEA MINING. Jochen Halfar

0 questions at random and keep in order

MEDIA RELEASE OCEANAGOLD ANNOUNCES FURTHER DOWN DIP EXTENSIONS OF MINERALISATION AT PANEL 2: FRASERS UNDERGROUND MINE

Deep Sea Minerals: A New Development Opportunity in the Pacific?

CROCODILE GOLD INTERSECTS 7.1 G/T AU OVER 4.5 METERS INCLUDING 11.2 G/T AU OVER 2.6 METERS AT THE UNION REEFS PROJECT, PROSPECT DEPOSIT

The photograph in the title artwork is used by courtesy of the University of Bremen. Ocean Challenge, Vol. 16, No.1

An exceptional year: Sweden now $5m spent in Sweden, almost all by others. Drill targets for Drake 100% properties in Sweden.

For personal use only

Nautilus Minerals Defines 410 million tonne Inferred Mineral Resource*

For personal use only

Landscape Analysis of Mineral Resources A View from Home Tree ( Avatar )

For personal use only

Transcription:

DEEP SEA MINING: EXPLORATION IS INEVITABLE Despite concern over adverse impacts, deep marine mineral exploration is set to become a global industry, says geologist Global demand for metals continues to grow, fuelled largely by increasing populations and the industrialisation and urbanisation of China and India. To meet this demand, the international minerals industry has had to search new areas of the globe for additional resources. As Africa the last underexplored continent becomes more developed, it is inevitable that the oceans, which cover three-quarters of our planet, will be explored and exploited for their mineral wealth. It is a question of when and how, not if. Rich deposits The emergent and submerged volcanic island arcs of the Western Pacific region potentially contain rich deposits of copper, zinc, gold and silver mineralisation. Under the sea, these metals are associated with so-called black smokers volcanic hot springs on the sea floor that belch hot, acidic, metal- and sulphur-rich fluids into the ocean.

These fluids cool rapidly on contact with cold seawater and deposit metal-rich sulphides at, or just beneath, the seabed. The metal content or grade in the resulting seafloor massive sulphide (SMS) deposits is often at least ten times higher than that of similar deposits on land, particularly for copper and gold. The economic viability of deep marine mining hinges on the high value of the SMS ores, even though current technological limitations mean that mining can occur only at or just below the seabed (on land, mining can occur up to a kilometre or more below the surface). Every tonne of ore mined will produce significantly more metal than a terrestrial deposit and very little, or no, waste material. Additionally, in contrast to the land, there is no need to build infrastructure such as roads, rail and port facilities. SMS mining operations will therefore be low footprint in terms of overall environmental impact, compared with land operations. This makes SMS ores highly valuable and economically attractive to mineral explorers willing to take the plunge. Potential wealth Many island nations of the Western Pacific have limited land areas with scarce mineral resources, but they do have enormous maritime territories with largely

unexplored mineral potential. And so the economic attraction of the nascent deep sea mining industry to these countries is obvious. West Pacific governments, such as that of Papua New Guinea (PNG), are keen to encourage potential seafloor miners to explore their waters, with the hope that success will bring wealth (through stockpiling ore for export and royalty payments, for example) and employment opportunities for their people although these are likely to be minimal. It is estimated by the industry that more than one million square kilometres of seafloor in the Asia-Pacific Region is under exploration licence. However, exploration does not always lead to mining. On land, around one in 100 exploration projects results in a mine, but the deep ocean industry is too young to provide any statistics. No ore has been mined yet, but Nautilus Minerals, a Canadian-listed, Australiabased company, has approval to mine high-grade copper-gold ore from the Solwara 1 SMS deposit located between the PNG islands of New Britain and New Ireland, at a water depth of approximately 1.6 km.

The company also has more than half a million square kilometres of seafloor in Fiji, New Zealand, PNG and Tonga either under exploration or pending licence approval. The start date for mining of Solwara 1is uncertain, as Nautilus is currently in dispute with the PNG government, which is a co-investor in the venture, over payments towards the project. Unknown impacts Opponents of deep marine mining point to ecological, environmental and social concerns, including disruption to existing marine industries, such as fishing; potential pollution of ocean waters with metal-rich slurries; and direct destruction of the unique biological communities that flourish around active black-smoker vent sites. However, surface sampling and drilling activities have stimulated renewed hydrothermal venting, and artificial vents have attracted vent fauna. So it is likely that by disturbing the seabed beneath SMS mineralisation, dormant vent fields may be reinvigorated, leading to renewed ore body formation and the reappearance of the biological communities that thrive on vent activity.

In addition, rapid rates of growth imply that profitably mineable SMS resources can form within years to decades, opening up the intriguing possibility of treating SMS deposits as a renewable resource. Small structures a couple of centimetres in diameter and tens of centimetres in length have been observed to form within minutes; larger, tree-like structures are known to grow tens of metres (and tonnes of sulphide) a year. But there are still many unresolved questions regarding the social and environmental impact, as well as the acceptability of deep marine mining: questions that require ongoing geological, biological and social research. Social research by organisations such as the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australias national science agency, consistently shows that the general public is concerned about the potential impact of seabed mining and that they would like to see more information gathered before the launch of the industry. Working at sea is costly and, perhaps ironically, the funding and access provided by mineral explorers can help in carrying out thorough studies. To date, the industry has been willing to engage the worlds leading researchers in vent geology and ecology as it develops.

As Nautilus develops Solwara 1,the mineral industry will be watching closely. Success for Nautilus will signal that marine mining, currently a small niche in global mineral exploration, has the potential to be a major global industry, with the Western Pacific at the forefront. Source: http://www.scidev.net/global/earth-science/opinion/deep-sea-miningexploration-is-inevitable.html