UK Seabed Resources joins deep-ocean mineral-mining rush

[dipsydoodle]

A new and controversial frontier in mining is opening up as a British firm joins a growing rush to exploit minerals in the depths of the oceans.

UK Seabed Resources is a subsidiary of the British arm of Lockheed Martin.

It has plans for a major prospecting operation in the Pacific.

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Under the UN's Convention on the Law of the Sea, mining rights on the ocean floor are controlled by a little-known body, the International Seabed Authority, which since 2001 has issued 13 licences - with another six in prospect.

http://www.bbc.co.uk/news/science-environment-21774447

[stuntcat]

1. "Resources"

We'll call EVERYTHING "resources", what a sad shame. We'll pick over every inch of the world, then burn up and sell whatever we can pull loose.

People with any Sweet Hope For Humanity just kill me.

[wtmusic]

2. But...mining these resources could be very profitable.