Spectator on facebook

Spectator on facebook

Start-up of mining seabed dependent on market

ACCORDING to conventional wisdom, Slovakia could be ready to start extracting raw materials from the Pacific Ocean in 2012, the news wire TASR reported. Slovakia owns sea bottom mining rights between the Hawaiian Islands and Mexico.

The complex system of mining polymetallic concretions from the Pacific seabed will, however, depend not only on technological readiness but also on raw material prices on global markets.

"If rich deposits of copper, cobalt and manganese appear on the earth's surface anytime soon, it will certainly put off any seabed mining. But if, for instance, there's a negative political development or riots in areas with many such deposits, the price of raw materials will rise. Then Slovakia’s seabed mining project will become more attractive financially," Jozef Franzen told TASR August 12. Franzen is the Slovak Government proxy in the international Interoceanmetal organisation.

Franzen will attend the organisation's seabed congress in Kingston, Jamaica, next week. He estimates that Slovakia's seabed mining programme could, realistically, start in 2020 or 2030.

Compiled by Marta Durianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.