From: Dehede011@aol.com
Date: Sun May 11 2003 - 18:34:48 MDT
In a message dated 5/11/2003 6:56:52 PM Central Standard Time,
Spudboy100@aol.com writes: The key legal document in the seabed rush is from
a 1982 UN convention that gave more than 150 coastal nations jurisdiction
over the resources from the ocean floor to the sea's surface 200 nautical
miles from their shore.
Spudboy,
Could someone help me with this. In the real late 50s and the 60s the
engineering magazines used to run many stories about developmental and
exploratory work being done to develop deep sea mining. According to the
magazines there was ready access to metals on the ocean floor but we had to
develop the techniques for harvesting the metals.
One day I noticed that interest had dried up. I asked around and was
told that it was the UN Treaty that had killed the interest. If companies
had to divvy up with the UN and all the nations of the world they weren't
interested -- there wasn't enough profit to share with everyone.
Does anyone know the full story?
Ron h.
This archive was generated by hypermail 2.1.5 : Sun May 11 2003 - 18:45:35 MDT