MINING for deep sea mineral deposits is yet to commence anywhere in the world. Pacific Island countries are among the pioneers in this emerging field.
Countries like Fiji, Tonga, Vanuatu, Papua New Guinea and Solomon Islands have already issued exploration licenses within their Exclusive Economic Zones. So far Papua New Guinea is the only Pacific nation to issue a mining license.
As the global demand for metals continues to rise, countries possessing vast quantities of these metals within deep-sea mineral deposits face critical decisions related to the exploitation of these resources and are confronted with uncertainties about the exact magnitude of the impacts of deep sea minerals mining activities and whether it will be a prosperous endeavour for those countries that decide to engage in this emerging industry.
The Deep Sea Minerals Project is an European Union funded project implemented by the Secretariat of the Pacific Community (SPC). The €4.4 million project is aimed at helping 15 Pacific Island governments improve the governance and management of their deep sea minerals resources in accordance with international law, with particular attention to the protection of the marine environment and securing equitable financial arrangements for the benefit of Pacific people. To ensure you can take your ED medicine
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