| Records |
| Author |
Van Nijen, K.; Van Passel, S.; Brown, C.G.; Lodge, M.W.; Segerson, K.; Squires, D. |
| Title |
The development of a payment regime for deep sea mining activities in the area through stakeholder participation |
Type |
A1 Journal article |
Year  |
2019 |
Publication |
International Journal Of Marine And Coastal Law |
Abbreviated Journal |
Int J Mar Coast Law |
| Volume |
34 |
Issue |
4 |
Pages |
571-601 |
| Keywords |
A1 Journal article; Economics; Law; Engineering Management (ENM) |
| Abstract |
In July 2015, the Council of the International Seabed Authority (ISA) adopted seven priority deliverables for the development of the exploitation code. The first priority was the development of a zero draft of the exploitation regulations. This article focusses on the second priority deliverable, namely the development of a payment mechanism for exploitation activities, following detailed financial and economic models based on proposed business plans. Between 2015 and 2017, five workshops have been organised with 196 active participants from 34 countries. The results so far are synthesised, drawing upon the outcome of these workshops, ISA technical papers, and the scholarly literature. |
| Address |
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| Corporate Author |
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Thesis |
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| Publisher |
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Place of Publication |
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Editor |
|
| Language |
|
Wos |
000496420700002 |
Publication Date |
2019-08-01 |
| Series Editor |
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Series Title |
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Abbreviated Series Title |
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| Series Volume |
|
Series Issue |
|
Edition |
|
| ISSN |
0927-3522 |
ISBN |
|
Additional Links |
UA library record; WoS full record |
| Impact Factor |
0.362 |
Times cited |
|
Open Access |
|
| Notes |
; ; |
Approved |
Most recent IF: 0.362 |
| Call Number |
UA @ admin @ c:irua:164294 |
Serial |
6181 |
| Permanent link to this record |
| |
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| |
| Author |
Van Nijen, K.; Van Passel, S.; Squires, D. |
| Title |
A stochastic techno-economic assessment of seabed mining of polymetallic nodules in the Clarion Clipperton Fracture Zone |
Type |
A1 Journal article |
| Year |
2018 |
Publication |
Marine Policy |
Abbreviated Journal |
Mar Policy |
| Volume |
95 |
Issue |
95 |
Pages |
133-141 |
| Keywords |
A1 Journal article; Economics; Engineering Management (ENM) |
| Abstract |
Polymetallic nodules found in the Clarion Clipperton Fracture Zone in the NE Pacific contain more nickel, manganese and cobalt than all terrestrial reserves combined. Following the 1982 Law of the Sea Convention and its 1994 Implementing Agreement, the resources of the international seabed beyond the limits of national jurisdiction will be developed for the benefit of mankind by attracting investment and technology, whilst demanding that necessary measures be taken to ensure effective protection of the marine environment. To date, no single commercial seabed mining activity has taken place in international waters, and the development of balanced and stimulating exploitation regulation is needed, based on accurate economic analysis. This paper presents the first detailed, vertically integrated, stochastic techno-economic assessment from a contractor's perspective, and contributes to the development of the world's first exploitation regulations. The economic performance measured by the internal rate of return was compared using deterministic and probabilistic commodity price forecasting models. Different levels of a financial payment regime, comprising of a royalty payment and a payment to internalize environmental costs, were considered. When real growth was included, the internal rate of return remains above the hurdle rate when a transitional, total-cost, financial payment regime is below 2 per cent during the initial period and below 4 per cent for the remaining tenure period. Following a 10-year moving average of commodity prices, including real growth, a 77.51 per cent probability was calculated of achieving a hurdle rate of 18 per cent. |
| Address |
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| Corporate Author |
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Thesis |
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| Publisher |
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Place of Publication |
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Editor |
|
| Language |
|
Wos |
000442190400016 |
Publication Date |
2018-03-17 |
| Series Editor |
|
Series Title |
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Abbreviated Series Title |
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| Series Volume |
|
Series Issue |
|
Edition |
|
| ISSN |
0308-597x |
ISBN |
|
Additional Links |
UA library record; WoS full record; WoS citing articles; WoS full record; WoS citing articles |
| Impact Factor |
2.235 |
Times cited |
3 |
Open Access |
|
| Notes |
; The methods and results of this paper were presented at the Deep Seabed Mining Payment Regime Workshop #3 (19-21 April 2017, Singapore): Exploring a Financial Model and Related Topics, organised by RESOLVE and PEW Charitable Trusts, and attended by a wide variety of stakeholders, including contractors, academics and nongovernmental organisations. Furthermore, this project has received funding from the European Union's Seventh Framework Program for research, technological development and demonstration under grant agreement no. 688975 (Blue Nodules). This output reflects only the authors' views and the European Union cannot be held responsible for any use that may be made of the information contained herein. ; |
Approved |
Most recent IF: 2.235 |
| Call Number |
UA @ admin @ c:irua:153697 |
Serial |
6144 |
| Permanent link to this record |
