Mandating reporting

The Authority holds one annual session, usually of two weeks' duration.The Authority operates by contracting with private and public corporations and other entities authorizing them to explore, and eventually exploit, specified areas on the deep seabed for mineral resources essential for building most technological products.The Convention also established a body called the Enterprise which is to serve as the Authority’s own mining operator, but no concrete steps have been taken to bring this into being.The Authority has a budget of .8 million a year (rising to an authorized .3 million for each of the years 2009-2010) and a staff of some 35 people.All but one of the current areas of exploration are in the Clarion-Clipperton Zone, in the Equatorial North Pacific Ocean south and southeast of Hawaii.The remaining area, being explored by India, is in the Central Indian Basin of the Indian Ocean.) is an intergovernmental body based in Kingston, Jamaica, that was established to organize, regulate and control all mineral-related activities in the international seabed area beyond the limits of national jurisdiction, an area underlying most of the world’s oceans.



Each contractor is required to report once a year on its activities in its assigned area.

So far, none of them has indicated any serious move to begin commercial exploitation.


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