Panaji, Feb 9 (IANS) The central government is all set to exploit 10,000 sq. kms of the Indian Ocean seabed for minerals including gold, silver and platinum.
According to a top scientist, the earth sciences ministry is finalising a contract with the International Seabed Authority(ISA) to formally enable India exploit 10,000 sq kms of the Indian Ocean seabed for minerals including gold, silver and platinum.
Director of the National Centre for Antarctic and Ocean Research (NCAOR) S. Rajan, who attended a three-day Bharatiya Vigyan Sammelan here over the weekend, said the legal and technical commission to the Jamaica-based authority had also approved exploration plans submitted by India.
"Action has been initiated to formalise a contract with the ISA facilitating the initiation of a 15-year programme of mineral exploration in the allocated area," Rajan said.
The Goa-based NCAOR had been designated as the lead agency for this programme by the Union Earth Sciences ministry.
THe scientist said mid-ocean ridges in the central and south western parts of the Indian Ocean were rich in metals like copper, lead, zinc as well as other noble metals like gold, silver, palladium and platinum.
"The deep ocean realm along the mid-ocean ridges has kindled a lot of interest, primarily on account of the high concentration of base metals and many noble metals in them," Rajan added.
February is the month of love. The days of love begin from the first week of the month. Every day
Pakistani fundamentalists are plotting to enter Israel through Europe. Italian intelligence agenc
The pace of corona infection seems to be increasing again across the country. According to the da
Ambani Succession Plan: Isha Ambani will be crowned at Reliance Retail, may be announced today
Mukesh Ambani, one of the world's richest industrialists, is currently working on his success pla
Britain's Prime Minister Rishi Sunak has taken an important decision regarding the visa of Indian
Delhi liquor rate: cheap liquor will be available in Delhi from today, government removed corona tax
New Delhi: The Delhi government has decided to remove the 70 percent corona tax on alcohol. This
Uttar Pradesh Assembly Elections: What is the multiplication of 58 seats in the first phase
Will the Bharatiya Janata Party be able to repeat the history of the 2017 assembly elections in t
Indian External Affairs Minister S. Jaishankar met with the President of Argentina Alberto Fernan
Rupee vs Dollar: The rupee at its all-time low, after Fed's decision reached the level of 80.45
The rupee has hit an all-time low. On Thursday, it opened at Rs 80.28 against the US dollar. Earl
Russia spoke about India's stand on Ukraine, said many things - Know
Russia has welcomed India's stand on Eastern Ukraine in the United Nations Security Council.
