Ace Breaking News – Interior will hold first offshore mining lease sale according to The Hill News report
The Trump administration is officially moving ahead with a decision to lease ocean tracts off the coast of American Samoa for deep-sea mining.
The decision, announced Monday, would represent the first time the U.S. government has offered up offshore mining leases.
Large-scale deep-sea mining has never been done before, but the seafloor could contain valuable minerals, and the administration is making nearly 32 million acres available for companies to bid on in the hopes of extracting them.
The Trump administration has sought to expand mining both onshore and in the ocean, with the president signing an executive order last year to jump-start the deep-sea mining process.
The lease sale will be held on Nov. 19. Companies that win bids would be authorized to conduct preliminary activities like mapping but would not be automatically allowed to start mining.
Read more at TheHill.com.
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