Military Metals acquires past-producing antimony project in Nevada
The Last Chance property is situated in Nye county, Nevada, 11 miles west of the Round Mountain gold mine operated by Kinross.
Three species of black coral have been discovered on the seabed of the northern Pacific Ocean, an area where several countries have contracts to explore for metals including cobalt and nickel as they race to find new supplies of the key battery elements.
The corals were discovered on deep seamounts and ridges in the mineral-rich Prime Crust Zone, which stretches from the Mariana Trench to the Hawaiian islands, according to a paper published in scientific journal Zootaxa on Thursday.
Authors Dennis Opresko of the Smithsonian Institute and Daniel Wagner of Conservation International said they aimed to identify deep-sea habitats in the zone which holds the highest concentrations on Earth of cobalt-rich ferromanganese crusts.
Previous studies have found a black coral species more than 4 250 years old
“These long-living corals are much like the redwoods of the ocean. They’re not only slow-growing and long-lived, but also provide important habitat for many other species,” Wagner said.
“Mining their habitat could potentially wipe them out before we know their true value.”
China, Japan, Russia, and South Korea all hold exploration contracts in the Prime Crust Zone, according to the International Seabed Authority, a UN body in charge of regulating the ocean floors.
Environmentalists have called for a ban on deep-sea mining which would extract prized resources including cobalt, copper, nickel, and manganese from seabed nodules and crusts.
Deep-sea mining could destroy as yet undiscovered species, the Ocean Panel said in June. Only around 20% of the ocean floor has been mapped to date, according to Conservation International.
The new black coral species are so named because of their black skeletons, but they can appear pink, white, or various other colours because of the living tissues growing over the skeleton.
Previous studies have found a black coral species more than 4 250 years old, Conservation International said.
The Jamaica-headquartered ISA has drawn up regulations on exploration but has yet to establish the rules for exploitation needed for deep-sea mining to go ahead.
An in-person ISA assembly was postponed from July due to the Covid-19 pandemic, and would now “most likely” take place in early December, according to the ISA website.
(By Helen Reid; Editing by Alexandra Hudson)
Comments
Night Rider
Misleading headline. Should be “New coral species at risk from potential seabed mining”.