This has been reported in timesofindia.indiatimes.com dated 30 June 2015.
Authority to undertake the exploration has been granted the International Seabed Authority (ISA). This is an autonomous international organization that had been established under the 1982 United Nations Convention on the Law of the Sea.
A informed by scientists at the National Centre for Antarctic and Ocean Research (NCAOR), Goa – our country has been granted 10,000sqkm near RTJ for seabed exploration of polymetallic sulphide. This is a mineral deposit with three or more metals in commercial quantities. The license to conduct the work would be valid for 15 years and it was granted in 2014.
Incidentally, polymetallic sulphide usually holds copper, iron and lead, apart from gold and silver in lesser quantities.
(Image courtesy wikimediacommons.org)
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