Metalliferous sediments in the Atlantis II Deep—Assessing the geological and economic resource potential and legal constraints
AbstractProjected increases in demand and thus increasing metal prices have brought the exploration and exploitation of marine mineral resources back into focus. The Atlantis II Deep, located in the central Red Sea between Saudi Arabia and Sudan, is one of the largest marine sulfide deposits known, with high concentrations of metals such as zinc, copper, silver and gold. However, little is known about the economic potential of marine minerals as well as the legal constraints. Our geological assessment shows that the deep is similar in grades and scale to large land-based deposits. Its economic potential is far from negligible. The total present value of possible gross revenues for the four metals zinc, copper, silver and gold ranges from 3.03 to 5.29 billion US$, depending on the assumptions made concerning future price development, mass calculation and discount rate. From a legal perspective, a general duty to cooperate in the exploration and exploitation of non-living resources located in disputed maritime areas is identified in both customary international law and in UNCLOS. It is submitted that a joint development agreement is one means of ensuring compliance with this duty in general and in the case of the Atlantis II Deep in particular.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Resources Policy.
Volume (Year): 36 (2011)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/30467
Atlantis II Deep; Deep-sea mining; Joint development scheme; Metalliferous sediments; Resource potential; Saudi-Sudanese Red Sea Commission;
Other versions of this item:
- Christine Bertram & Anna Krätschell & Killian O'Brien & Warner Brückmann & Alexander Proelss & Katrin Rehdanz, 2011. "Metalliferous Sediments in the Atlantis II Deep – Assessing the Geological and Economic Resource Potential and Legal Constraints," Kiel Working Papers 1688, Kiel Institute for the World Economy.
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
- Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Clark, Joel P. & Neutra, Marian R., 1983. "Mining manganese nodules : Potential economic and environmental effects ag]," Resources Policy, Elsevier, vol. 9(2), pages 99-109, June.
- Kirthisingha, P. N., 1983. "International policies on the economic resources of the deep-seabed," Resources Policy, Elsevier, vol. 9(2), pages 77-98, June.
- Hoagland, Porter & Beaulieu, Stace & Tivey, Maurice A. & Eggert, Roderick G. & German, Christopher & Glowka, Lyle & Lin, Jian, 2010. "Deep-sea mining of seafloor massive sulfides," Marine Policy, Elsevier, vol. 34(3), pages 728-732, May.
- Stein, Robert & Walter, Ingo, 1977. "Seabed resources and international law," Resources Policy, Elsevier, vol. 3(4), pages 237-242, December.
- Halfar, Jochen & Fujita, Rodney M., 2002. "Precautionary management of deep-sea mining," Marine Policy, Elsevier, vol. 26(2), pages 103-106, March.
- Cameron, H. & Georghiou, L. & Perry, J. G. & Wiley, P., 1981. "The economic feasibility of deep-sea mining," Engineering Costs and Production Economics, Elsevier, vol. 5(3-4), pages 279-287.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.