Polymetallic Nodules as a Future Deep Sea Mineral Resource

Within 2006 BGR will conclude a contract with the UN International Seabed Authority (ISA) for the exploration of polymetallic nodules. The contract covers an area in the Pacific nodule belt between the Clarion and Clipperton fracture zones, that which is about 75.000 km2 in size at water depths between 4200 and 5000 m (see Fig. 1). Up to now, 7 consortia or state parties have acquired similar exploration “licenses” for polymetallic nodules in the central Pacific Ocean and the Indian Ocean. These licenses of the UN authority are required according to the UN convention on the law of the sea (UNCLOS) as the areas of interest are located outside of national EEZs. The “licenses” then reserve exclusive rights to the applicant for a time span of about 15 years.