An underwater bonanza of rare earth deposits discovered by Japanese scientists poses little threat to miners already developing major rare earth projects on solid ground.

Companies such as Molycorp, Lynas and Avalon Rare Metals may rest assured that developing the offshore bounty could take decades and cost billions, making it little more than a pipe dream, analysts say.

"'Desperado', that's

World demand for rare-earth elements and the metal yttrium—which are crucial for novel electronic equipment and green-energy technologies—is increasing rapidly. Several types of seafloor sediment harbour high concentrations of these elements.

As mining companies prepare to exploit the copper and gold in the seabed, the author explore the fate of the unique ecosystems around tectonic boundaries.

http://www.newscientist.com/article/mg21128193.700-deep-sea-gold-rush-mi...

Let's see if we can mine the ores around hydrothermal vents without destroying the marine habitat in the process. (Editorial)

http://www.newscientist.com/article/mg21128192.600-new-dawn-for-mining-a...

 

The Chinese scientific research ship Dayang Yihao, or

As Papua New Guinea gives go-ahead to a Canadian mining company to dredge its coastal seabed for minerals, critics say environmental assessments have been inadequate, local objections ignored and new species of life could be extinct before they have even been discovered.

Polymetallic nodules found on the deep seafloor (>4000 m water depth) have been recognized as an alternative source for certain metals, when land deposits get exhausted.

New technology is now permitting deep sea mining even though it maybe a mile or two underwater. In a major milestone for the country

As the environmentalists cried foul over state government

CHENNAI: In a major milestone for the country

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