News: By Source
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Unlike in the South China Sea, there is no disagreement that maritime claims in the Arctic should be governed by UN guidelines.
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America’s lack of icebreaking capability could be reversed if government agencies operating in the polar regions pooled their resources to build a new one, members of Congress said yesterday.
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A study, published in the university’s journal Gemini, concludes that there are deposits of copper, gold, silver, zinc and other metals worth upwards of $71 billion – or one tenth of Norway’s vaunted oil fund – on the ocean floor. The scientists, however, said that the value of the minerals could be as much as $229 billion.
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China’s status as an emerging player in the Arctic took yet another step forward yesterday as officials there marked the official opening of the China-Nordic Arctic Research Centre.
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