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India eyeing cobalt-rich underwater mountain in sea area claimed by Lanka: Al Jazeera report
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India is scrambling to secure rights to explore a cobalt-rich underwater mountain in the middle of the Indian Ocean but its bid has come up against competing claims at a time when Sri Lanka, too, is looking to mine the region for precious minerals according to an Al Jazeera report on Wednesday.
The urgency behind India’s application comes from fears over China’s presence in the Indian Ocean, at a time when the world’s second-largest economy already dominates the global cobalt supply chain, Indian officials and analysts told Al Jazeera.
Cobalt is a critical mineral widely used in electric vehicles and batteries and is seen as a vital element in the green energy transition.
In January, India had approached the Jamaica-based International Seabed Authority, seeking approval to explore the cobalt-rich Afanasy Nikitin Seamount, which is in the central Indian Ocean, east of the Maldives and about 1,350 km (850 miles) from the Indian coast.
Formed in 1994, the ISA is an autonomous international organisation mandated by the United Nations Convention on the Law of the Sea to regulate economic activity on the seabed.
India also paid a $500,000 fee to the ISA to consider its application, in which it spelled out its desire to conduct extensive geophysical, geological, biological, oceanographic and environmental studies in the proposed area over 15 years. The seamount consists of 150 blocks spread over 3,000sq km (1,158 sq miles).
But while evaluating India’s application, the ISA found that Afanasy Nikitin Seamount lies entirely within an area also claimed by another country as lying within the boundaries of its continental shelf, according to a note shared by the organisation with Al Jazeera.
Though the ISA did not name this other country in its response to India, experts believe Sri Lanka is the nation the seabed authority was referring to, Al Jazeera reported.
A country’s continental shelf is the edge of its landmass beneath the ocean.
According to a note shared by the ISA with Al Jazeera, the seabed authority sought a response from India to its finding of the competing territorial claims. But on March 12, India said it would not be able to respond in time for the ISA to consider its comments during the ISA’s 29th Session of the Legal and Technical Commission, which is considering the application.
As a result, the ISA note states that India’s application has been “put on hold”. The ISA is expected to review the application again once India responds.
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