Minerals Report - International Seabed Authority

However, the full extent of the offshore reporting requirements will
only be known when the offshore minerals policy is finalised, legislation put
in place, and potential investors granted prospecting and exploration licences.
It is very obvious that the data and information are required for
various purposes including ascertaining availability and extent of the mineral
resource, monitoring compliance, and potential economic exploitation of
offshore minerals in particular polymetallic massive sulphide deposits in the
future should circumstances permit.
As the extent of resources hence reserves is a key requirement if there
is to be a marine mining project involving polymetallic massive sulphides
deposits, in the future both MSR and offshore mineral prospecting and
exploration will be encouraged under the proposed Offshore Mining Policy
for PNG.
SELECTED REFERENCES
1. Allen Clark, “Offshore Mineral Resources Potential of Pacific Nations”, a
paper presented at the regional workshop on Offshore Minerals Policy,
Madang, 22-26 February 1999. This paper and others are reproduced in
SOPAC Miscellaneous Report 323 under the title Offshore Mineral Policy
Workshop Madang, PNG Workshop Report, Suva, April 1999.
2. Bank of Papua New Guinea, Quarterly Economic Bulletin, Port Moresby,
various issues.
3. Charles L. Morgan, “Environmental Impact Assessment for Deep-sea
Mining”, a paper presented at the regional workshop on Offshore
Minerals Policy, Madang, 22-26 February 1999.
4. David A. Rothery, Geology, Chicago: NTC Publishing Group, 1997.
5. Department of Mineral Resources, “A Green Paper on Offshore Mining
Policy”, Port Moresby, April 1999.
INTERNATIONAL SEABED AUTHORITY 369