Marine Minerals

Oceans are a rich treasure of oil, natural gas, minerals including hydrocarbons, rare earth metals, zinc, manganese noodles and other oceanic resources on the seabed. The universes of marine minerals cover offshore and deep sea resources. Deep-sea mining is viewed as a potential sector for promotion of blue economy. Oceanic minerals and offshore mining are considered as the major blue economy sectors. Among the offshore minerals, placers seem to have potential for diverse industrial applications. National and international legislations govern the access, licensing and exploration aspects of marine minerals. Mining within the EEZs are under the preview of national legal provisions. Exploration of seabed resources however requires permission of the International Seabed Authority (ISA). Sustainable harnessing of seabed and offshore minerals will contribute to the growth of blue economy in the Indian Ocean and other parts of the world