He explained that the Sultanate is able to enter the
marine mining sector, which is an important sector of the Sultanate's abundant coasts and its natural wealth that can be exploited economically in various sectors of industry, trade and even medical, in addition to the tourism sector.
shipping, aquaculture,
marine mining, fisheries, renewable energy, oil and gas, logistics and
Marine mining has also taken place off the coast of South Africa, though it has proven less lucrative.
It has special consultative status with the Economic and Social Council of the United Nations (ECOSOC), which facilitates its access to other international intergovernmental meetings where its specialized marine expertise is of particular use, e.g., the United Nations meetings on Areas Beyond National Jurisdiction, the Intergovernmental Panel on Climate Change (IPCC) and the work of the International Seabed Authority on
marine mining. www.imarest.org.
Matengu to conclude that the moratorium had been killed off and that LL NP and other companies can now proceed with
marine mining activities while LL NP may "construct its fertilizer factory" in Luderitz.
Rich alluvial diamond deposits and increasingly successful
marine mining make Namibia a primary source for gem-quality diamonds.
Al-Naimi said the meeting discussed matters related to joint investment in minerals and training of national cadre in
marine mining. "The license issued by the two countries about two years ago to exploit gold, silver, copper, zinc and other metals from the Red Sea can be considered a pioneering experiment in mining at global level," he pointed out.
Wayne Malouf, CEO of DFI said in a statement that Diamond Fields is pleased to be teaming with Manafa to develop this exceptional project and excited at the opportunity to bring DFI?s specialist
marine mining expertise to bear on this world-class deposit.
However, he notes that 5 years ago, the International Marine Minerals Society, based in Honolulu, adopted its own code for environmental management of
marine mining.
This leading-edge mining tool is based on one of the most modern
marine mining technologies developed over the years for the offshore oil industry, incorporating a remotely controlled vehicle equipped with rubber crawler tracks and an integrated ripping/suction head all linked to a surface vessel.