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NSIAD-83-41 1 (1983-09-06)

handle is hein.gao/gaobabeez0001 and id is 1 raw text is: 2/9Iq3 BY THE COMPTRO.LLER GENERAL Report To The Congress OF THE UNITED STATES Uncertainties Surround Future Of U.S. Ocean Mining In this report, GAO reviews Federal Govern- ment, private sector, and foreign competitor involvement in ocean mining and examines whether there is a need to develop U S ocean mining policy The Congress has identified mining of the deep seabeds as a desirable alternative to foreign markets However, uncertainties surround the future of ocean mining These uncer- tainties stem from the absence of (1) a clear legal basis to assure direct access to deep seabed minerals, (2) an assessment that evaluates U S vulnerability to supply inter- ruptions of existing mineral markets, and (3) a policy decision of what the Federal role, if any, should be in promoting ocean mining GAO is recommending that the office of Science and Technology Policy perform assessments of U S strategic and critical mineral needs and the costs and benefits of alternative approaches, including ocean mining, to reducing U S vulnerability to mineral source of supply disruptions GAO believes these assessments would benefit U S ocean mining policy by providing a framework for determining which of the approaches will require Federal assistance or intervention SWWGAO/NSIAD-83-41 rLI 44 SEPTEMBER 6,1983

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