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.

The contract was signed by the Secretary-General of the Authority, Nii Allotey Odunton and the Deputy Minister of Natural Resources, Denis Khramov.

The Authority has previously signed contracts with  eleven entities since the nodule regulations were adopted on 13 July 2000.

Full release from the Ministry of Natural Resources and Ecology of the Russian Federation