G-TEC Sea Mineral Resources NV (GSR) Of Belgium Signs Exploration Contract

The International Seabed Authority and G-TEC Sea Mineral Resources NV (GSR) of Belgium signed a 15-year contract for prospecting and exploration for polymetallic nodules on 14 January 2013.The contract was signed by the Secretary-General of the Authority, Nii Allotey Odunton and the Managing Director of GSR, Jacques Paynjon. Under the contract, GSR will have exclusive rights for exploration for polymetallic nodules over 76,728 square kilometres of the seabed in the eastern part of the Clarion-Clipperton Fracture Zone of the Central Pacific Ocean.

Russia Signs Exploration Contract With ISA

The International Seabed Authority and Russia signed a 15-year contract for prospecting and exploration for polymetallic sulphides located in the Atlantic Ocean on Monday 29 October 2012.

Seabed Assembly Ends Productive 18th Session Of The Authority

The Assembly of the International Seabed Authority concluded its 18th Session after approving the Regulations on cobalt-rich crusts, electing Mr. Nii Odunton as Secretary-General for a second four-year term and adopting the budget and a scale of assessment for the 2013-14 financial period.