Jul 26, 2017

Current status of deep sea mining

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Current status of deep sea mining


In this paper, make sure you discuss the two sides (like the pros and cons of the current status of deep sea mining). As all paper, research the topics with 6 sources, then analyze the topic in paper. DO NOT just simply report or tell the audience. It is important to critically analyze the whole topic.

Current status of deep sea miningName:Institution:Date: As the demand for metals and minerals rise, many corporations and countries now seek to venture into deep sea mining. Driven by commercial interests many corporations now see exploration of the deep ocean floor as the next frontier (MacDonald & Welsch, 2012). Nonetheless, deep sea mining is not an easy task and requires more technological innovations to facilitate this commercial venture. The process provides huge commercial potential, but there are worries that disturbing the ocean floor might lead to ecological damage to oceans and seas. Essentially, development of better technology for deep sea exploration and the projection of vast mineral deposits in ocean floors have increased interest in deep sea mining. The main reason for renewed interest in deep sea mining is the potential economic effects of mineral mining. Scientists suppose that there are vast minerals underneath the oceans and mining companies would want a viable industry (Miner, 2013). Because of the huge size of mineral deposits, deep sea mining may be more profitable in the future than land mining. Polymetallic nodules and sulfide deposits have the most potential for mining companies, and could increase investments in many developing countries, with other metals including copper, nickel, cobalt and manganese providing vast potential for improving the economic outlook of many countries. Seafloor massive sulfide...

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