• India applied to the International Seabed Authority (ISBA), Jamaica, for rights to explore two vast tracts in the Indian Ocean seabed that aren’t part of its jurisdiction. The application to explore one of these regions, a cobalt-rich crust long known as the Afanasy Nikitin Seamount (AN Seamount), is a gambit by India.
  • The AN Seamount is a structural feature (400 km-long and 150 km-wide) in the Central Indian Basin, located about 3,000 km away from India’s coast. From an oceanic depth of about 4,800 km it rises to about 1,200 metre and — as surveys from about two decades establish — rich in deposits of cobalt, nickel, manganese and copper.
  • These rights are specific to areas that are part of the open ocean, meaning ocean — whose air, surface and sea-bed — where no countries can claim sovereignty. Around 60% of the world’s seas are open ocean and though believed to be rich in a variety of mineral wealth, the costs and challenges of extraction are prohibitive.