An Economic Way Of Mining Nodules

Jun 01, 1983 RESOURCES POLICY June 1983 Mining manganese nodules This paper is intended to reexamine and clarify some of the broader economic and environmental issues relevant to nodule recovery. First, the potential economic benefits from mining nodules are summarized

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  • Manganese Nodule Mining and Economic Rent

    Manganese Nodule Mining and Economic Rent

    MANGANESE NODULE MINING AND ECONOMIC RENT. NINA W. CORNELL* The current negotiations on the law of the sea seem likely to answer partially the question of who owns the resources of the oceans. Ownership has been ambiguous since the days of Grotius. While the actual answer will differ for different parts of the oceans

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  • Modeling the Economics of Seabed Mining

    Modeling the Economics of Seabed Mining

    1. Nodules must be prepped (ground & washed) 2. Nickel & Copper are separated by electrowinning 3. Cobalt is recovered through reaction with Hydrogen Sulfide 4. Process materials are removed leaving Manganese carbonate Four metals, Ni/Cu/Co/ Mn, must be separated from nodules, one by one

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  • Estimating the economics of a mining project on seafloor

    Estimating the economics of a mining project on seafloor

    Feb 27, 2019 The recent and renewed interest in deep-sea mining relates to the decrease of ore grades of known land-based deposits, the increasing costs in land-based mining, as well as rising metal prices, and an increased demand for strategic metals. This study examines the economic requirements for future commercial mining projects focusing on manganese nodules. Beside the common

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  • Deep-sea mining: economic, technical, technological

    Deep-sea mining: economic, technical, technological

    polymetallic nodules mining for a sustained development of the resource. 2. Economic considerations Increasing awareness of the distribution and potential of deep-sea minerals such as the ferro-manganese nodules and crusts (Cronan, 2000; Rona, 2003) has kept the world’s interest in these

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  • Mining code for manganese nodules in the deep sea – M i

    Mining code for manganese nodules in the deep sea – M i

    Jun 30, 2021 Mining code for manganese nodules in the deep sea. John Mero, a mining engineer from the University of California, Berkeley, became one of the first proponents of deep-sea mining when he argued that these nodules hold enormous economic potential. In his book The Mineral Resources of the Sea, published in 1965, Mero asserted that these potato

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  • Deep-ocean polymetallic nodules as a resource for critical

    Deep-ocean polymetallic nodules as a resource for critical

    Feb 24, 2020 Nodule mining requires large areas to make the enterprise economic 11; however, only a certain fraction of each contract area (possibly in the range of 15–20%) 3,119 will be mined as a first

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  • DeepGreen secures $150m funding for deep sea mining

    DeepGreen secures $150m funding for deep sea mining

    Jun 10, 2019 Where do these nodules come from? The exact constitution of the nodules varies but those with the greatest economic interest are typically 27-30% manganese, 1.25-1.5% nickel, 1.4% copper, 0.2% cobalt, with other constituents being iron 6%, silicon 5%, aluminium 3% and also calcium, sodium, magnesium, potassium, titanium and barium

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  • Assessing the Impacts of Nodule Mining on the Deep-sea

    Assessing the Impacts of Nodule Mining on the Deep-sea

    Apr 20, 2021 Longer-term Effects of Deep-sea Mining. From 2015, the JPI Oceans MiningImpact project has investigated the ecological consequences of deep-sea mining and how the impacts may be mitigated. It has included an assessment of decade-old tracks of previous studies as well as small experiments to understand the interaction between nodule removal and the responses of deep-sea life

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  • Deep sea nodule mining threatens Pacific Ocean environment

    Deep sea nodule mining threatens Pacific Ocean environment

    May 19, 2020 The report notes that there is little to no social licence to mine deep sea nodules and refutes Canadian company DeepGreen Metals’ claims that there will be economic gains for Pacific island economies [1] Chin, A and Hari, K (2020), Predicting the impacts of mining of deep sea polymetallic nodules in the Pacific Ocean: A review of Scientific

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  • Indian exploration for polymetallic nodules in the Central

    Indian exploration for polymetallic nodules in the Central

    metals from nodules involving several national labs, development of a mining system and the environmental impact of nodule mining. These three other activities have made important inroads in their respective areas. In this paper, a succinct account of the nodule

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  • The Metals Company releases study comparing impacts of

    The Metals Company releases study comparing impacts of

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  • New Report Highlights Deep Sea Nodule Mining Danger to

    New Report Highlights Deep Sea Nodule Mining Danger to

    May 21, 2020 Deep sea mining is a relic, left over from the extractive economic approaches of the ’60s and ’70s. It raises the question of whether deep sea mining has any place in this modern age of a

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  • Economic Evaluation of Deep-Sea Mining | MINING REPORT

    Economic Evaluation of Deep-Sea Mining | MINING REPORT

    For SMnN, economic figures such as the NPV, IRR and net profits were based on assumptions and estimates from the Blue Mining case study (Tables 3, 4). The investment volume was estimated at 1.3 to 1.5 bn US$ in total, and operating costs range from 200 to 340 US$/dmt (dmt – dry metric tonne)

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  • An Economic Way Of Mining Nodules

    An Economic Way Of Mining Nodules

    An Economic Way Of Mining Nodules Nature of the minerals 957 Кб Such fast growth has implications for the origin of the components and the way they come together.However, nodules of economic interest are more localized.Ore carriers would transport the nodules from mining ship to port, where the processing plant would be located

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  • an economic way of mining nodules

    an economic way of mining nodules

    an economic way of mining nodules SUPPORTED BY Ozeanien-Dialog indicates that the impacts of nodule mining in the Pacific Ocean would be extensive, severe and last for generations, causing essentially irreversible damage

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  • Impacts of mining deep sea polymetallic nodules in the

    Impacts of mining deep sea polymetallic nodules in the

    Transboundary impacts of nodule mining may become a source of conflict. Social and economic costs and benefits for Pacific island economies are unknown. The economic feasibility of nodule mining, distribution of earnings, duration of benefits, liabilities for companies and governments, and social impacts are yet to be independently examined

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  • A comprehensive approach for a techno-economic

    A comprehensive approach for a techno-economic

    Feb 21, 2018 Mining nodule-rich mine sites in the best possible manner may reduce the areal extent of the impacted area. Thus, “cherry-picking” by targeting the most economic (and abundant) mine sites within a license area seems to be favorable on a large scale, while “equivalent areas” must be protected

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  • (PDF) Deep-Sea Mining: Economic, Technical, Technological

    (PDF) Deep-Sea Mining: Economic, Technical, Technological

    Mining of minerals such as polymetallic nodules from the deep-sea floor has been “on-hold” as a result of several factors such as current availability of Cu, Ni, Co and Mn from terrestrial sources

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  • Deep-sea mining could provide access to a wealth of

    Deep-sea mining could provide access to a wealth of

    May 13, 2019 These nodules are causing such excitement in the mining industry because they are simply lying on the seafloor waiting to be collected, often covered by little more than a few centimetres of sediment. Bringing them to the surface in the most economically viable way, however, will require large areas of the seafloor to be mined

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  • Deep-sea mining: An environmental solution or impending

    Deep-sea mining: An environmental solution or impending

    Jun 16, 2020 These include acquiring a comprehensive understanding of the environmental, social and economic risks of nodule mining; demonstrating that deep-sea mining can be managed in a way

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