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China, Japan receive permits to explore Pacific cobalt crusts containing rare earths

9:29 AM MDT | July 22, 2013 | Francinia Protti-Alvarez

The International Seabed Authority (ISA; Kingston) says it has approved plans for the exploration of cobalt-rich iron-manganese (ferromanganese) crusts in the western Pacific Ocean. Two applications, one by China Ocean Mineral Resources Research and Development Association (Beijing) and the other by Japan Oil, Gas and Metals National Corp. (Jogmec; Tokyo), were submitted in July and August 2012, respectively. Cobalt crusts are rich in ferromanganese and hydroxide-oxide deposits containing significant concentrations of cobalt, titanium, nickel, platinum...

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