The economics of mining seabed manganese nodules: A case study of the Indian Ocean nodule field

Abstract

Because of ever-growing demand for strategic metals, the focus of the international community has fallen on deep sea manganese nodules occurring at a water depth of more than 4500 m. We present an economic appraisal and strategy for mining of nodules from the Indian Ocean Nodule Field- one of the four economically potential areas in the world oceans. In contrast to the prevailing perception of non-viability of nodule mining, our analysis indicates a fair degree of economic feasibility and commercial sustainability to mine the deep-sea manganese nodules.