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News Brief | June 2015

China proposes joint mining of Indian Ocean with India

China said it is ´eager to cooperate´ with India on deep seabed mining in the Indian Ocean where its deep diving vessel have reportedly discovered large deposits of precious metals like gold and silver.
´With quickening oceanic development and increasing mineral exploration in the Indian Ocean, China is eager to cooperate with India on deep seabed mining,´ the China Daily quoted China Ocean Mineral Resource R&D Association as saying.
Terming India an ideal partner, deputy director of the association He Zongyu said that China and India are developing countries and contractors with the International Seabed Authority, with a lot in common and plenty of opportunities for further cooperation. Chen Lianzeng, deputy director of the State Oceanic Administration visited India on April 20 and suggested the two sides enhance cooperation on oceanic research and development.
Beijing´s proposal for India-China cooperation comes in the immediate backdrop of the completion of the 118-day voyage of China´s deep-sea manned submersible Jiaolong in the southwest Indian Ocean.
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