China’s alleged intentions to mine Antarctica spark

New Post Public Reply Private Reply Replies (0) Message Board
fitzkarz
China’s alleged intentions to mine Antarctica spark global debate
Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

The frozen continent is protected from mining under an international treaty signed in 1991,

China’s increasing interest to explore Antarctica and establish bases there is said to be driven by something else than pure scientific curiosity. According to ABC news, evidence has emerged that Beijing is actually seeking to exploit the Southern Pole's minerals despite an international agreement preventing it.

Antarctica, currently protected from mining by an international pact, stores an abundance of highly sought resources, including coal, iron ore, manganese, copper, lead, uranium, diamonds, gas and billions of barrels of oil reserves.

SEE ALSO: Massive diamond deposit said to be hiding beneath Antarctica’s icy hills

But mining those riches would not be an easy task. Even without the Antarctic Treaty, ratified last November by president Xi Jinping himself, extracting its resources doesn’t seem a viable option.

Antarctic would “welcome” miners with hurricane-strength winds and the world's largest icebergs. All this while crews try to figure how to drill pass the mantle of ice covering 99% of the continent, which is over three kilometres (two miles) thick.

Unlike the warmer and much more accessible Arctic, Antarctic would “welcome” miners with hurricane-strength winds and the world's largest icebergs. All this while crews try to figure how to drill pass the mantle of ice covering 99% of the continent, which is over three kilometres (two miles) thick.

However Professor Anne-Marie Brady, a political scientist from the University of Canterbury, seems to believe that China has somehow found the way to do it.

"I've been researching Chinese polar interests since 2008 and the Chinese language materials are very, very clear about China's interest in Antarctic minerals," she told ABC.

The material included a 2005 report by senior and former members of the Polar Research Institute of China, the body responsible for coordinating Antarctic research.

It said the rich resources, which included oil, gas and minerals, were the main reason for Antarctic expeditions and that exploitation was just "a matter of time".

What is more, according ton Brady, Chinese believe that many countries in Antarctica are occupying bases not to pursue scientific questions but to invest in long-term strategic interests, “including potential access to any resources that may be discovered."

"Completely, absolutely, utterly opposed" to mining Antarctica

Australia’s Environment Minister Greg Hunt played down ABC’s report saying that Beijing and Canberra have an agreement that commits both countries to full, peaceful co-operation in Antarctica, and to an absolute ban on mining on the frozen continent.

"We are completely, absolutely and utterly opposed to any mining in Antarctica, ever," Hunt told reporters in Tasmania on Wednesday.

Beijing unveiled its fourth Antarctic research station last year. Over the weekend, a Chinese icebreaker stopped off in New Zealand to refuel en route from Antarctica. The research vessel has been supporting scientific research on climate change, surveying a potential site for prospective bases and positioning fuel depots for science supported by Antarctica New Zealand.

I'm in it to win it!

NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.

I was born with it, I'm truly blessed!


Alway's searching for winners'
937206596_images.jpg
Scroll down for more posts ▼

Top 10 Most Recent News Articles

University of Phoenix Boosts Networking Strategies

Updated Category News Views 1

Building Networks: A Key to Professional Growth Listen up, because everyone and their dog is gabbing about mentorship and networking these days—and for good reason. The University of Phoenix is cracking this nut open with their latest webinar, "Build the Network That Advances Your Career: Mentors, Peers & Community," happening on September 17th. They're not just...

Continue Reading
Connected Retail Security: Rising Risks and Fragmented Roles

Updated Category News Views 4

Cyber Threats in the Connected Retail Landscape The retail world isn't what it used to be. Walk into a store today, and you're greeted not just by products but a web of interconnected systems screaming for attention. Sure, you've got your old-school POS systems humming along, but they're just one brittle cog in a rattling machine of IoT devices, cloud platforms, and...

Continue Reading
Innovative SOV Launches for Offshore Wind Revolution

Updated Category News Views 1

A New Era for Offshore Wind Operations Mark my words, folks, this launch ain't just some minor milestone swaying gently on the industry seas. ZPMC's 'Wind of Ocean' is about to kickstart a whole new game in Europe's offshore wind space. Built with brains and brawn, this vessel embodies the future of sustainable and efficient offshore operations. The announcement from...

Continue Reading
LV Petroleum Expands Footprint with Key Acquisitions

Updated Category News Views 3

LV Petroleum's Bold Moves in July Ever seen a company expand across four states in a blink? LV Petroleum's been hustling like a player with a fresh hand of aces. They shut July down with restaurant openings and a fancy new travel center under their belt in states as spread out as Arizona, Texas, Nevada, and Ohio. Now that's a wide net they're casting, all in the name of...

Continue Reading
Post-Facial Care: Extend Benefits Beyond the Spa

Updated Category News Views 1

The Day After a Facial Is Just as Crucial If you’re thinking a facial ends when you walk out of the spa, you’re dead wrong. Valen Perez, the driving force behind Picture Perfect Esthetics LLC in Fayetteville, NC, breaks it down in HelloNation: the glow-wielding magic of a facial needs the right follow-up to really shine. You spend that cash on a pro facial, but...

Continue Reading
Beverly Hills MD's Dermal Cream Wins Key Beauty Award

Updated Category News Views 2

A Surprise Win in the Beauty World Who doesn't love an underdog story, right? Beverly Hills MD has slid into the limelight with their Dermal Repair Complex snagging the award for 'Beauty Product of the Year.' Talk about sending shockwaves through the beauty industry! Now, these guys might not be a household name yet, but you better believe they've got everyone's attention...

Continue Reading
Innovation Drives New Asia-Pacific Opportunities

Updated Category News Views 1

A Glimpse Into The Future: Asia-Pacific's Tech Landscape There's a unique transformation bubbling across the Asia-Pacific scene, with young minds pushing the envelope on technology and innovation. Take Nathapol's team from Thailand, for example. They're merging bionic tech with drones for disaster relief—bold, ambitious, and nearly clinching glory at the Lancang-Mekong...

Continue Reading
China Expo Spotlights AI's Role in Future Electronics

Updated Category News Views 2

AI Tech Takes Center Stage in Qingdao Kicking off the week, the 2026 China International Consumer Electronics Exposition unfolds its grand spectacle in Qingdao. Now, we're not just talking your average tech fare here—this is a heavyweight event with over 300 titans from 12 countries sprawling across a hefty 60,000 square meters. And those are numbers that make people...

Continue Reading
Greenberg Traurig Shines in 2026 Palm Beach Attorney List

Updated Category News Views 1

Legal Eagles Soar in the Sunshine State Right out of the gate, it looks like Greenberg Traurig's West Palm Beach office is getting all the spotlight. Twenty-one of their legal hotshots have clinched spots on Palm Beach Illustrated's 2026 'Top Lawyers' list. For those keeping score, that's a hefty nod in this competitive market. A Closer Look at the Selection Process Now,...

Continue Reading
Money Market Funds Surge to Record $7.98 Trillion

Updated Category News Views 3

When Money Talks Fast: Market Funds Smash Records Picture this: money market funds have surged to an eye-watering $7.98 trillion. That's a lot of zeros, folks. And it's not just the usual humdrum growth; we're talking a hefty $44.75 billion increase in just one week, thanks to a cocktail of government funds and prime fund muscle, as the Investment Company Institute (ICI)...

Continue Reading

Top 5 Most Recently Viewed Articles

Pearl Diver Credit Company Completes 1.2 Million Share Offering

Updated Category News Views 213

Pearl Diver Credit Company Inc. Completes Successful Offering Pearl Diver Credit Company Inc. (NYSE: PDCC) has announced the successful closing of its public offering of 1,200,000 shares of 8.00% Series A Preferred Stock that is set to mature in 2029. The offering price was established at $25.00 per share, reflecting a strategic move to bolster its investment portfolio....

Continue Reading
Market Recovery as Investors Await Key Inflation Data

Updated Category News Views 72

U.S. stock index futures exhibited a notable rebound on a Tuesday morning following a rough patch where major indexes dipped about 1%. Traders had their eyes peeled, hoping for clarity on interest rates with crucial inflation data looming alongside the kickoff of third-quarter earnings season. Market Dynamics Post-Selloff: The Aftermath of Monday's Slide The previous...

Continue Reading
Rivvit Unveils Innovative Data Management Tool for Investment Firms

Updated Category News Views 218

Rivvit Introduces a Cutting-Edge Data Catalog Module The new platform offers investment firms enhanced visibility into data lineage and transformation processes. Rivvit, a premier provider of data management and reporting tools for the financial services sector, has recently launched its latest feature: a comprehensive data catalog module. This new tool delivers extensive...

Continue Reading
Rachel Reeves Advocates for Regulatory Changes to Boost UK Growth

Updated Category News Views 176

Rachel Reeves Stands Firm on Economic Growth Initiatives The UK’s Finance Minister, Rachel Reeves, has voiced her commitment to driving economic growth by engaging actively with regulators. Her recent statements come in light of economic data suggesting that the country's output experienced a minimal increase of just 0.1% in November, a figure that fell short of...

Continue Reading
Growth of the Fire Truck Market: Trends and Innovations

Updated Category News Views 243

Exploring the Expansion of the Fire Truck Market The fire truck market is on an exciting trajectory, with expectations to grow significantly. The projection is for the market to reach an impressive $9.6 billion, driven by an annual growth rate of 2.7%. This anticipated growth is largely fueled by urbanization, infrastructure development, and an increasing focus on safety...

Continue Reading