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Bennington Banner in Bennington, Vermont

19 Mar 1975

Page 12

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Bennington Banner March 19, 1975 Page 12 old newspaper archives

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Newspaper

Bennington Banner

Location

Bennington, Vermont, United States of America

Date

Mar 19, 1975

Page

12

Virginia firm claims exclusive mining rights to Pacific seabed

Deepsea Ventures Inc of Gloucester Point filed a Nov 15 claim with the State Department asserting exclusive mining rights over 24,000 square miles of the Pacific Ocean floor. The move challenges the Geneva Law of the Sea talks as US firms eye manganese and other metals, with Summa Corp planning tests and a 618 foot dredging ship. Offshore oil, gas, and fisheries also loom large in global resource debates amid mounting coastal disputes.

MENTIONED IN THIS ARTICLE

Washington UPI Virginia Pacific Ocean United Nations Law of the Sea Conference Geneva State Department Deepsea Ventures, Inc Gloucester Point John E. Flipse Deepsea Ventures Howard Hughes’ Summa Corp Pacific Senate Commerce Committee United States Peru Ecuador Iceland Russia Japan
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Deepsea Venture Eyes Ocean Floor Mining Boom

Deepsea Ventures aims to mine seabed nodules two to three miles deep off California, driven by post embargo metal needs. The project seeks 1 million metric tons of nodules yearly, yielding copper, nickel, cobalt, and manganese with an estimated $155 million annual value. The site lies 600 miles from nearest island, beyond any state seabed jurisdiction. Flipse argues the United States must claim exclusive rights to develop and profit from the deposit.

MENTIONED IN THIS ARTICLE

Flipse United States Deepsea Ventures Pacific San Diego Calif Central America
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Also Mentioned on This Page

AL Rossiter JR UPI Science VICK Ralyptus Bunnie MUSI Monument Plaza Bennington SUN. & Hol Sale Good Thru Hollow Delicious Noxzema Arena Basil Mansons Cristan Bead Coles NDC Teenean New England Henry A. Kissinger Deepsea
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