Phew! 110 billion-dollar metals in deep sea

Ocean bed - Representational pic

Phew! 110 billion-dollar metals in deep sea

Gold, silver, copper, nickel, cobalt & manganese mines

Govt okays Rs 4,077 cr budget for deep ocean mission, says Science Minister Dr Jitendra Singh

NEW DELHI, Aug 10 (The CONNECT) - The Government has approved Deep Ocean Mission (DOM) to be implemented by Ministry of Earth Sciences at a total budget of Rs. 4077 Cr for five years from this year. In a written reply to a question in the Rajya Sabha today, Union Minister of State (Independent Charge) Science & Technology Dr Jitendra Singh said even private institutions will be included for development of technologies for this mission to explore the possibilities of mining, bio-diversity, energy, fresh water etc. in deep ocean and to support the 'blue economy'.

Ministry of Earth Sciences through contractual agreements with the International Seabed Authority (ISA), is carrying out exploration activities for Poly-metallic Nodules (PMN) in the Central Indian Ocean Basin and for Poly-metallic Sulphides (PMS) in parts of Central and South-West Indian ridges.

Preliminary estimates indicate 380 Million Metric Tonnes (MMT) of Polymetallic Nodules comprising Copper, Nickel, Cobalt and Manganese are available within an allocated area of 75000 sq. km for exploration of PMN in Central Indian Ocean Basin. The estimated value of these metals is about 110 billion US$. The polymetallic sulphides are expected to contain rare earth minerals including gold and silver.

The United States of America, France, Japan, Russia and China are the major countries to have similar technologies.

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