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By Georgy A. Cherkashov

Two principal types of the hydrothermal fields in Atlantic - axial and off-axis - could be established based on their structural setting in the rift zone of the Mid-Atlantic Ridge (MAR) (Figure1). The first (axial) type is represented by five high- and three low-temperature hydrothermal sites (Table 1). All of these fields are connected with young axial effusive volcanism and related to large linear volcanic ridges or central volcanoes at the inner floor of the rift valley. The hydrothermal activity here is controlled by the intersection between longitudinal magma feeding faults and transverse weakened zones characterized by high permeability. [ ] The hydrothermal sites of the second (off-axis) type (such as Rainbow, TAG, 24°30?N, Logatchev, newly discovered 13°N (Figure 2) and possibly 16°48?N sites) are related to large tectonic dislocations forming marginal scarps of the rift valley as well as transverse discontinuities.

Jan 1, 2003

By Kokichi Iizasa

Two major Kuroko-type deposits and minor sulfide deposits have been found in the middle Izu-Ogasawara (Bonin) Arc, Japan (Fig. 1). The Hakurei deposit, one of the major Kuroko-type deposits, was recently found in Bayonnaise knoll caldera in the nascent rift zone, which lies 20 km westward of the Sunrise deposit in Myojin knoll caldera on the Izu-Ogasawara volcanic front. The Hakurei deposit is a huge hydrothermal field measuring 500 m by 700 m in plan view. The Bayonnaise knoll caldera is mainly composed of dacite lavas and fragmental material on the caldera wall and rim, and its floor contains sediment composed of pumice, volcanic fragments, and hydrothermal clay. It is associated with a post-caldera dome and has a slightly ellipsoidal caldera rim that measures 3 km by 2.5 km, with about 200 m relief. The water depths of the caldera floor range from about 840 m to 920 m. The Kuroko-type deposit in the Bayonnaise knoll caldera occurs on the southeastern caldera floor where the caldera boundary faults intersect with a N-S-trending normal fault of the rift zone. In the deposit, many sulfide chimneys are generally less than 10 m high, and sulfide mounds are distributed around the caldera floor and on the sloping talus at the foot of the caldera wall. The deposit is buried in part by talus composed of pumice and volcanic fragments. Sulfide chimneys are still active, and inactive ones and their fragments are partly oxidized to reddish material. Chimney sulfides are mainly composed of sphalerite associated with chalcopyrite, galena, pyrite, and barite, and chemically enriched in Au up to 14 ppm and Ag up to 1400 ppm with major Zn, moderate Ba, and minor Pb, Hg, Cu, and Fe.

Jan 1, 2005

By Robert M. Owen

Geochemical exploration for marine placers involves the acquisition, processing, and interpretation of geochemical data. Recent technological advances such as in-situ analysis systems and microcomputers have greatly improved our ability to acquire and process data, but their full benefits cannot be realized until we also develop improved methods for reducing and interpreting large amounts of raw geochemical data. Toward this end, our research has sought to identify existing and/or develop new geostatistical techniques for use in marine placer exploration. Each technique has been tested by evaluating its performance in the analysis of existing data sets. The data sets typically include the results of chemical analyses of suites of sediment samples collected from areas of known or suspected platinum and gold placers along the Bering Sea coast of Alaska. Results to date indicate that three geostatistical methods (subpopulation partitioning analysis, comparative factor analysis, and end-member compositional factor analysis) are useful in identifying elemental groups which can serve as "pathfinders" in the search for marine placers, and are also helpful in discerning the generic geochemical basis under lying observed statistical correlations between pathfinder elements and placer minerals. Existing methods of modelling sediment dispersal patterns have been examined with a view toward adapting them to the specific problem of understanding placer formation in

Jan 1, 1986

By Alexander Malahoff

A shipboard research system capable of operating in waters of up to 2,000 m has been designed and implemented by the Hawaii Undersea Research Laboratory (HURL), University of Hawaii. It uses a remotely-operated ocean bottom survey camera system, ROV, bottom TV grab, the PISCES V submersible, and a submersible emergency recovery system aboard the 225-foot RN KA'IMIKAI-O- KANALOA. All systems are operated from the stern of the KA'IMIKAI with a mounted Caley telearm and articulated A-frame system. The system was designed for multi-purpose use of the telearm for launch and recovery of the PISCES V submersible on a lift recovery line (with or without diver assistance), or night-time operations with an electro-optical cable using either the HURL ocean floor sidescan, or photo and video system operated at 10 m above the ocean floor. The 1.14-inch diameter cable is also used to operate the RCV-150 garage/ROV system. The garage/ROV system has also been designed to act as a submersible rescue system with a submersible lift capability.

Jan 1, 1992

By Virginie Tilot de Grissac

This project funded by Government of Flanders (Belgium) and coordinated by the Intergovernmental Oceanographic Commission proposes to draw recommendations for conservation of the biodiversity and for minimizing the impact of future nodule mining from the description of the referential state of suprabenthic megafaunal assemblages within a nodule ecosystem in the Clarion-Clipperton Fracture Zone (CCFZ). The description of this specific ecosystem is based on the analysis of about 200 000 photographs and some 55 hours of film collected by French and American exploratory cruises. The video and hotographic sampling has been achieved by means of different towed and remote control devices designed for Ifremer and NOAA including the manned submersible “the Nautile.”

Aug 24, 2006

By Dennis Sánchez Mora, John Jamieson

INTRODUCTION Work by Humphris et al., (2002); Ondréas et al., (2009); Barreyre et al., (2012); and Escartín et al., (2015) has identified active and inactive hydrothermal sites along the Lucky Strike segment. The sites that contain the largest accumulation of known sulfides are located between the north and the southern zones (Figure 1), a vent site area that is referred to as the Main Lucky Strike hydrothermal field (Escartín et al., 2015). Hydrothermal fluid outflow has been linked to a shallow fault network (Barreyre et al., 2012). However, specific constraints on fault geometries have not been determined. Other off-axis sites at Lucky Strike, such as Capelinhos (high temperature vent), and Grunnus (inactive?), as well as a low temperature vent field (on-axis), Ewan, have been described by (Escartín et al., 2015). Given the spatial relationship between the Main Lucky Strike hydrothermal field (MLSHF), and the intersection of northern rift faults with the southern rift faults, a structural analysis of this area can provide insight into the fault controls on fluid flow that leads to hydrothermal venting and sulfide precipitation. METHODOLOGY Structural data (dip direction and dip) was determined using Leapfrog Geo 4.0 software. Bathymetric data was obtained from Escartín et al., (2015) and references therein. The bathymetry was imported into Leapfrog Geo (in UTM format) and, using the structural modelling tool, individual measurements with dip direction and dip data were collected with a focus on the northern volcanic rift and the southern central volcano (Figure 2a). All measurements were taken from what the authors consider as normal faults, and to aid the determination of individual measurements a “face dip” map was constructed, where the bathymetry is colored by slope angle (Figure 2b). All measurements are simultaneously plotted on a stereonet generated by the Leapfrog Geo Software. Data were divided into northern and southern, and western and eastern zones to determine the relationship between hydrothermal venting and the structural geometries at Lucky Strike (Figure 2c). Slip measurements for individual faults were determined along the dip of the fault with a measuring tool. Net slip, heave (horizontal displacement), and throw (vertical displacement) was calculated for each of the zones.

Jan 1, 2018

Clark volcano is a large volcanic center on the active arc front of the intraoceanic Kermadec arc. It is one of the two southern-most Kermadec arc volcanoes (the other being Whakatane volcano) that sits on oceanic crust before the transition to continental New Zealand, and is underlain by the 17-km-thick Hikurangi Plateau, which is presently subducting beneath the southern section of the Kermadec arc. Unusual K-rich basaltic lavas have been recovered from Clark (1.5 to 2.25 wt.% K2O), together with more typical basaltic-andesite, andesite and dacite rocks. The total volume of the Clark volcanic center is ~90 km3, calculated from the summit of the volcano down to the 2,500 m contour (which marks the inflection point of the volcano flanks with the surrounding seafloor) and comprises two separate edifices similar in size; the northern one having a volume of ~4.57 km3 and the southern one 4.43 km3. The volcano has a maximum relief of ~1,645 m from the 2,500 m contour to the summit of the shallower northern edifice shoaling to 855 m below sea level. The northern edifice is comprised of twin peaks each consisting of a constructional cone, with evidence of sector collapse having occurred between the cones. A more recent, smaller cone again has grown on the eastern flank between these summit cones. Massive, blocky lavas and coarse talus dominate the summits of the cones, with finer-grained volcaniclastic material and sediments a feature of the volcano flanks. The southern edifice is noticeably more dissected than the northern one, having a pronounced horst in the centre of the volcano bounded by 5-6 km-long faults. There is no obvious constructional cone atop the southern volcanic edifice.

Jan 1, 2011

By Guillaume Blanc

The development of marine mining in the offshore areas adjacent to most of the insular and continental European States is limited by the complex and evolving nature of its legal regime on the basis of the relevant applicable international, European and domestic rules. As the development of marine mining requires investments in capital-intensive technologies, the bankable feasibility of marine mining projects is very much dependent on the legal security of mining rights, assets and operations in offshore areas. This is quite difficult to assess due to the constant accumulation of applicable and potentially conflicting international and domestic laws in these areas, in particular the coastal zone, the territorial sea, and the Exclusive Economic Zone (EEZ). The often conflicting interaction of international treaties, laws and regulations in offshore areas raises specific and major issues in terms of permitting processes, access rights, ownership rights over the mineral resources explored and mined, flag vs. coastal State jurisdiction over mining vessels and marine mining equipment, international environmental liabilities, and unitisation and multi-forum disputes. In addition, the determination of jurisdiction and the legal regime under which marine mining could take place is becoming even more complex with the development of EU Law and the recent revision of the International Law of the Sea, particularly the new extension regime of the EEZ and jurisdiction over the continental shelf.

Jan 1, 2004

By Naoki Hiroyoshi, Kunihiro Hori, Kengo Sekimura, Mayumi Ito, Kouki Kashiwaya, Eiji Yamaguchi, Masami Tsunekawa

Cobalt-rich ferromanganese crusts and nodules ores from seamount areas contain volcanic and sedimentary rocks as substrate or nuclei. During the mining operation, these rocks should be separated as unfavorable waste rocks with the manganese minerals. The ferromanganese crust and nodule ores require mineral processing to remove the substrate rock before the smelting. Deep-sea manganese nodule ores in contrast contain vanishingly small rocks, and can be directly treated with a smelting process without mineral processing treatment. This paper shows phisical and chemical description of the ores for the purpose of mineral processing, and reports liberation degree measurements of crushed ores and gravity separation tests. A mineral processing treatment flow is proposed from the obtained results. There is the first report of applying gravity separation in the treatment of coarse sized crushed products of cobalt-rich ferromanganese crust and nodules ore.

By Alexander Malahoff

A shipboard research system capable of operating in waters of up to 2,000 meters has been designed and implemented by the Hawai'i Undersea Research Laboratory (HURL) of the University of Hawai'i. It uses a remotely-operated ocean bottom survey camera system, an ROV, the Pisces V submersible, and a submersible emergency recovery system, all aboard the 222- foot R/V Ka'imikai-o-Kanaloa. All systems are operated from the stern of Ka'imikai with a mounted Caley telearm and articulated A-frame system. The system was designed for multipurpose use of the ship for launch and recovery of the Pisces V submersible on a lift recovery line (with or without diver assistance), or night-time operations with an electro-optical cable using either the HURL ocean floor sidescan or photo and video system operated at 10 meters above the ocean floor. The 1.14-inch diameter cable is also used to operate an ROV system. The garage/ROV system can also act as a submersible rescue system with a submersible lift capability. The ship is equipped with a SeaBeam and shallow penetration sediment profiling systems. This integrated system approach to deep ocean floor research will make it possible for HURL to carry out research pro- grams on seamount ocean resources and ocean chemistry and climate in Hawai'i and the equatorial Pacific.

Jan 1, 1995

By M. C. I. Modenesi, J. E. Smith, M. Salvá-Ramírez, G. M. Castro, J. C. Santamarina

Annual metal consumption per capita has increased several orders of magnitude worldwide since the turn of the 19th century, yet grades of terrestrial ores are decreasing as reserves dwindle. Consequently, deep sea metal deposits are gradually transitioning from identified resources to economically viable reserves. Deposits in the Red Sea deeps along the axial trough result from tectonic and local hydrothermal processes. Continental rifting and ocean floor spreading produce fresh oceanic crust; concurrently, seafloor evaporites flow into the spreading zone and form isolated deeps. The deeps are often filled with hot stratified brines maintained by locally discharged fluids during hydrothermal circulation. Metalliferous sediments precipitate from the brines within the deeps. The ongoing multipronged study at KAUST involves: (1) acoustic characterization of the metalliferous accumulations using advanced signal processing techniques that capture the physics of granular materials; (2) comprehensive mineralogical and textural characterization of sampled sediments using SEM, EDS, XRD, XRF, and ICP-OES; (3) multiphysics instruments deployed to measure undisturbed sediment properties in-situ; (4) development of a distributed seafloor observatory for monitoring field operations; (5) innovative concentration and separation technologies; and (6) new strategies for proper tailings disposal purposely conceived for the unique field conditions in the Red Sea deeps.

Jan 1, 2018

By Ian Selby

Recent offshore diamond exploration has been concentrated in the SW Joseph Bonaparte Gulf. I`IW Australia. Extensive high resolution seismic and sampling surveys have been carried out in Cambridge Gulf, offshore of the mouth of the OR River and other rivers of the region. Surface-tow boomer surveys have been correlated with sampling data from vibracores and a wide diameter (1m) airlift system, providing a geological framework for the area. Although large-scale bulk sampling has not been undertaken, there has been no reported recovery of diamonds since 1993. The geology and prospectivity of a range of potential diamond traps in high energy, fluvial and transgressive depositional settings has been assessed. Potentially diamondiferous targets include (i) a shoreline apron. (ii) fluvial/estuarine channel infills and terraces and (iii) ravinement surfaces.. Although there is evidence for a long history of fluvial development and sea level changes, the majority of the investigated traps represent the result of erosion and sedimentation during and following the last interglacial. Significant volumes of unconsolidated gravels and coarse-grained sands with occasional indurated layers are present, and are locally exposed at sea beet In place s thick successions (>5m) of fine-grained overburden overlie the coarse-grained sediments.

Jan 1, 1998

By Toru Yamasaki

A concept of plate-tectonic controls for the formation of seafloor massive sulfide (SMS) deposits in back-arc settings was established by Franklin et al. (2005). According to Franklin et al. (2005), a consequence of extension and rifting is subsidence, thinning of the crust, and the rise of hot, athenospheric mantle into the base of the crust. Underplating of the crust by mafic magmas results in low-pressure partial melting of the hydrated crust at a <15-km depth, and the generation of felsic anhydrous melts. The rapid ascent of hot felsic melts, along with mantle-derived mafic melts, results in bimodal volcanism that characterizes rift and volcanogenic massive sulfide deposits (VMS) environments. The rapid and focused advection of the magmatic heat within the rift to the near-surface environment which are required to sustain vigorous long-lived VMS hydrothermal systems. Faults within rift environments may also allow seawater to penetrate into subvolcanic intrusions and mix with magmatically generated metalliferous fluid or allow a direct magmatic contribution from shallow crustal level (3–12 km) magma chambers (Franklin et al., 2005, and references therein). In addition, the caldera-forming processes are favorable for the formation of VMS deposits and the focused high heat flow and cross- stratal structural permeability that is restricted in time and space to caldera development provides an explanation for the clustering of VMS deposits and their restriction to specific time-stratigraphic intervals and structures in the evolution of submarine central volcanic complexes (Franklin et al., 2005, and references therein). The concept is persuasive, although it is based on a series of logically constructed reviews mainly focused on ancient on-land deposits.

Jan 1, 2018

By Kioshi Mishiro, Pratima Jauhari, Walter Williams

INTRODUCTION The UN-General Assembly adopted an Agreement on 28 July 1994 entitled ‘Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea ((UNCLOS) of 10 December 1982’. The Agreement came into force on 16 November 1994, and consequently, the inauguration of the International Seabed Authority (ISA, or the Authority), located in Kingston, Jamaica. The Authority is the organization through which States Parties to the Convention (168, as of 25 July 2017) shall, in accordance with the regime for the seabed and ocean floor and subsoil thereof beyond the limits of national jurisdiction (the Area) established in Part XI and the Agreement, organize and control activities in the Area, particularly with a view to administering the mineral resources of the Area. The legal regime for the administration and development of the mineral resources of the Area as it now exists are available in Part XI of the Convention1 which contains the legal framework governing “activities in the Area” and in Annex III to the Convention which contains the “Basic Conditions of Prospecting, Exploration and Exploitation” with respect to the resources of the Area2. The 1994 Agreement relating to the Implementation of Part XI of the UNCLOS is the so- called ‘parallel system’; as elaborated in article 153 of the Convention. The essential elements of the ‘parallel system’ include assured access for States parties and their nationals to seabed mineral resources along with a system of site-banking, whereby ‘reserved areas’ are set aside for the conduct of activities by the Authority through the ‘Enterprise’ itself or in association with developing States or in joint venture with the contractor who provided the particular reserved site2.

Jan 1, 2018

By J. W. Jamieson

"The future of the marine mining industry is tied to the resource potential of the seafloor. Everything from economic feasibility, policy decisions and environmental impact assessments to extraction techniques and mining tool design rely on an understanding of the size, composition, and distribution of the deposits. Development and regulatory decisions must ultimately be tied to not only the grade and tonnage estimates of individual deposits or groups of deposits, but also an understanding of the uncertainty of these estimates. Here, we will discuss how seafloor massive sulfide (SMS) deposit grades and tonnages are evaluated, and the sources of the uncertainties associated with these values.TONNAGE UNCERTAINTYFirst-order tonnage (size) estimates for SMS deposits are primarily determined from calculating the volumes of material that occurs as positive bathymetric features on the seafloor. The extent of sulfide mineralization on the seafloor can be determined either from visual surveys (camera-tow, remotely-operated vehicle (ROV), or human-occupied submersible surveys) or from volume calculations of bathymetric features identified from digital elevation models of the seafloor, or a combination of both methods. For bathymetric models to be used to identify deposits in the absence of visual groundtruthing, data resolution of 1 m or less is generally required to confidently identify a feature as being hydrothermal in origin (as opposed to a volcanic or tectonic feature), and therefore near-bottom multibeam data acquisition (e.g., using autonomous underwater vehicle (AUVs) or remotely operated vehicles (ROVs) is required (Fig. 1). Specific characteristics of bathymetric features, such as shape, slope angles and surface roughness can be used to identify features of hydrothermal origin (Fig. 1). However, so far, bathymetric features mapped at a resolution of ~1 m cannot be relied upon to unambiguously distinguish a sulfide mound, and the additional use of multiple AUVmounted sensors, such as magnetometers, which can be used to detect hydrothermal upflow zones, or self-potential sensors, which detect electrical fields related to the oxidation of sulfide minerals, can increase the confidence that a bathymetric feature is indeed a sulfide body, without the need for expensive and time-consuming visual surveys (c.f. Petersen et al., this volume)."

Jan 1, 2017

By Toru Yamasaki

"Bimodal lithostratigrafic assemblages are of significance in volcanogenic massive sulfide (VMS)-hosted lithology. The largest deposits are either bimodal-siliciclastic or maficsiliciclastic, and the presence of a significant siliciclastic component in the host stratigraphic succession favors large VMS deposits (e.g., Franklin et al., 2005; Barrie and Hannington, 1999). In the case of modern sub-seafloor VMS deposits in arc-related settings, the majority of deposits have been discovered in association with calderas or cauldrons (Halbach et al., 1993; Ishibashi and Urabe, 1995; Iizasa et al., 1999). These features are formed by the explosive eruption of silicic volcanoes, so that silicic host rocks and/or pumiceous volcanic clasts are generally observed around the ore deposits (e.g., Binns and Scott, 1993; Fiske et al., 2001). Caldera-like and graben-like morphological features therefore attract attention in geophysical surveys. However, silicic lithologies (dacite and rhyolite) normally contain only small amount of metallic elements (e.g., a few ppm to a few dozen ppm of Cu), whereas mafic rocks, such as basalts and basaltic andesites, contain significant amounts of metals (e.g., a few hundred ppm of Cu). Thus, the origin of metallic elements in VMS deposits associate with the silicic host rock remains unclear.The Iheya North Knoll is a volcanic complex in the middle of the Okinawa Trough. It is located in a young and actively spreading back-arc basin that extends for 1200 km behind the Ryukyu arc-trench system (Lee et al., 1980; Letouzey and Kimura, 1986). Several active hydrothermal fields have been recognized in the Iheya North Knoll. Mineralization at the Iheya North Knoll is characterized by relatively juvenile features consisting of VMS deposits with associated hydrothermal alterations to various degrees. Massive sphaleriterich sulfides at this site, recovered for the first time from beneath an active seafloor hydrothermal system, strongly resemble the black ore of the Kuroko deposits of the Miocene age in Japan (Takai et al., 2011). From February 11 to March 17, 2016, the SIP CK16-01 (Exp. 908) D/V Chikyu cruise was conducted at Iheya North Knoll and the rifting center of the Iheya Minor Ridge area, middle Okinawa Trough. The Iheya Minor Ridge area is also an active hydrothermal field, located ~30 km southeast of the Iheya North Knoll. In this area, basaltic rocks are widely distributed, and drilling has confirmed that the basaltic materials continue to ~120 m below the seafloor (Kumagai et al., in prep)."

Jan 1, 2017

By James E. Dailey

Marine mining is driven by profitability, and profitability is driven in turn by people and equipment that can work productively and safely at sea. Design challenges faced by the marine mining community have much in common with those faced by the offshore construction community. Technical solutions continue to move freely between both communities. A brief pictorial history summarizes the evolution of offshore construction technology as it grew in the Gulf of Mexico and expanded worldwide. Attention is focused on those areas of platform and pipeline construcion where there is potential technology application to underwater mining. An especially difficult challenge faced by both communities is work in the surf zone. Some innovative concepts for surf zone construction operations are presented and possible applications to marine mining are suggested.

Jan 1, 1989

By Akira Usui

Platinum is one of the most rare elements in the earth?s crust, but it is significantly enriched in some hydrogenetic ferromanganese crusts in the ocean. The element is essential to the electric industry and is believed to be of importance as a raw material a future fuel-cell industry. The earlier reliable chemical analysis of platinum-group elements (PGE) of ferromanganese crusts have indicated a variety of concentrations of Pt in the range of 100 ppb to a maximum of about 1 ppm, but little is known about the elemental abundance in ferromanganese crusts on fine-scale, or the geochemical behavior and form of the element. The chemical and mineralogical forms of platinum and its group are important in planning the methods of mineral exploration and extraction of the elements from of ferromanganese crusts. We attempted to characterize the distribution pattern within a cobalt-rich crust on the fine to microscopic scales by using reflecting microscope, scanning electron microscope/energy-dispersive spectroscopy, electron microprobe X-ray analysis (EPMA), ICP-mass spectroscopy, X-ray absorption near edge structure (XANES), small-focus XRF, and X-ray diffraction (XRD). These data indicated a wide range of Pt concentration from 150 to 700 ppb within a crust, though we found no distinct inter-element correlation or mineralogical control. Under the reflecting and electron microscope, no distinct Pt-bearing minerals or particles were identified. Small-focus XRF indicated no uneven distribution in any particulate matter, but all areas are less in abundance than the detection limit of about 10 ppm. Our tentative conclusion is that zero valence Pt0 (as suggested by XANES) is dispersed in the form of submicroscopic material most probably within ferromanganese minerals, and therefore, Pt-rich mineral particles may not be a major carrying phase.

Jan 1, 2005

By A. Ivanova

The continental shelves occupy a vast area of Russia and contain complexes of commercial placer minerals. Of prime importance are Cenozoic placers of valuable minerals including gold, cassiterite, diamonds, chromite, platinoids, and minerals of titanium, zirconium and rare earth elements, biogenic amber and fossil ivory (1). Commercial placer minerals are associated with shelf placer formation zones (SPFZ). These zones are located at junctions of marginal orogens and shelf troughs in morphostructures where upwarping, subsidence, and sign-variable neotectonic movements are not significant. The SPFZs are characterized by ancient buried leveling planes with mantles of waste, series of wave-cut aggradation terraces on land and beneath the sea, and drowned and buried stream valleys. The occurrence of mineral placers in the SPFZs was caused by endogenic mineralization and exogenic placer hosted formation. Concentrations of commercial biogenic minerals are associated with areas of burial of biogenic material (release of resins by plants and theriofauna thanatocoenoses) and with their transition zones. Since the Oligocene, alternations in marine transgression-regression have dominated the shelf areas. This has resulted in the formation of polygenic placers. Climatic conditions are of great importance: warm and humid climate in the Paleogene-Neogene changed to colder climates in the late Pliocene (polar type sedimentation; formation of permafrost strata and sea glaciation). These events are responsible for the regularity in placer formation during the Cenozoic in which the early Cenozoic (Eocene-Oligocene-Miocene) and late Cenozoic (late Pliocene-early Pleistocene and late Pleistocene-Holocene) epochs are prominent.

Jan 1, 2004

By Andrew G. Hudson

The long-term economics of each of the four principal metals in marine manganese nodules (copper, nickel, cobalt and manganese) was evaluated to determine the anticipated viability of a nodule mining venture based on existing studies of the potential profitability of a nodule project. This included assessments of the lifetimes of land-based reserves, and examination and econometric modelling of the economic variables thought to affect nodule metal prices and demand. These analyses demonstrated that a) land-based reserves of the nodule metals were likely to last well into the future (100 400 years); b) average nodule metal paces were likely to stay a low levels for the foreseeable future; and c) the expected revenue stream from a twenty- ear nodule mining venture was substantially (42%) below that required to attract the necessary investment capital for such a high risk venture.

Jan 1, 1996