Spectator on facebook

Spectator on facebook

NEWS BRIEFS

Market controls seabed mining

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 poly-metallic 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 organization.

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

Top stories

Being a caregiver was an empty life

The fatal accident of the van carrying Slovak caregivers has opened a discussion on how these women work and live. The job agencies abuse both the drivers and the caregivers, a former caregiver in Austria, Angelika…

Angelika Horňáková

Slovaks produced an electric bike with the help of 3D printer Photo

The electrically-powered bicycle, claimed as the first in the world by its producer, costs the same amount as a new passenger car.

Electric bike by Kinazo Design

The day Prague fell

It is pointless to talk about the wins and losses of Czech political parties - the one who lost is the Czech Republic.

Andrej Babiš celebrates his election victory.

Transport bothers Bratislava Region

The smallest region in Slovakia has several specifics affecting various fields that will have to be addressed by respective regional authorities.

Candidates for the post of Bratislava Region's governor attending the discussion organised by the Sme daily (l-r): Juraj Droba, Milan Ftáčnik, Rudolf Kusý and Pavol Frešo.