Page 31: of Maritime Reporter Magazine (August 1978)

Ocean Minerals Recovered From

Floor Of Pacific By OMCO

The research and survey ship Governor

Ray has completed its first survey and ex- ploration cruise, and has recovered several thousand pounds of manganese nodules from 18,000 feet on the Pacific Ocean Floor, ac- cording to Ocean Minerals Company (OMCO), 465 Bernardo Avenue, Mountain View, Calif.

OMCO is developing technology to com- mercially mine the nodules, and will use the samples for continued processing tests and ore assay.

The Governor Ray is being used for a se- ries of cruises to plot and sample the rich nodule fields between the Hawaiian Islands and Baja California. The nodules contain manganese, nickel, copper, and cobalt, and are so abundant that known ocean deposits could last for centuries.

Conrad G. Welling, OMCO vice president- programs, said: "Two types of areas are be- ing explored by the Governor Ray. The first measures thousands of square nautical miles and is being surveyed to obtain general data on the characteristics of nodules and exact locations of the vast mineral reserves. The second survey concentrates on an area ap- proximately 100 square nautical miles which has a dense population of nodules and is suited to tests of a mining system. "Approximately 450 nodule samples were taken by free-fall samplers—torpedo-like ob- jects which are dropped to the ocean floor and return automatically once the sample has been scooped. Data from such samples are used to determine the abundance, ore grade, metal content, and physical characteristics of the nodules."

Some of the free-fall devices were equipped with cameras and sediment samplers to gath- er additional visual and physical data on the ocean floor environment. "Two-foot-square sections of the ocean floor (approximately 18 inches thick) will be recovered using a tripod-shaped device called a box corer. Additional visual data on nodule abundance and ocean floor obstacles are being gathered with a tethered camera that auto- matically takes still photos 18,000 feet below the surface. Data from these instruments will be used to provide information on the characteristics of the mine area. This in turn will provide information for the proper oper- ation of the bottom miner which will travel on the ocean floor and gather nodules. The sediment is known to be extremely soft and can withstand only slight pressure in sup- porting objects such as a bottom miner," he added.

OMCO has leased the mining ship Glomar

Explorer and plans to conduct initial devel- opment operations with a test miner later this year. At the start of these tests, the miner will be lowered more than three miles to the ocean floor from the Explorer's huge 200-foot by 74-foot floodable well. Thirty-foot sections of pipe will connect the miner and the ship, and lowering operations alone are expected to take a few days. After the test miner is on the bottom, it will sweep a pre- charted mining site to collect nodules and bring them through the pipe to the surface.

OMCO is a partnership formed in Novem- ber 1977 by Ocean Minerals Inc. and Amoco

Ocean Minerals Co., a subsidiary of Amoco

Minerals Co., Chicago, 111., which in turn is a subsidiary of Standard Oil Company (Indi- ana). Shareholders in Ocean Minerals Incor- porated are: Billiton B.V., a member of the

Royal Dutch/Shell Group; BKW Ocean Min- erals B.V., a subsidiary of Royal Bos Kalis

Westminster Group N.V.; and Lockheed Mis- siles & Space Co., a subsidiary of Lockheed

Corporation.

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This announcement appears as a matter of record only. $10,000,000

United States Government Guaranteed

Ship Financing Bonds, 1978 Series 8.65% Sinking Fund Bonds Due June 30, 1997 issued to finance in part the purchase of four offshore supply vessels owned by

CI Transportation Leasing Corporation and bareboat chartered to

Offshore Logistics, Inc.

Payment of principal and interest is guaranteed by the

United States of America under Title XI of the

Merchant Marine Act, 1936, as amended.

The undersigned negotiated the direct placement of the above Bonds.

Merrill Lynch White Weld Capital Markets Group

Merrill Lynch, Pierce, Fenner 8C Smith Incorporated

Howard, Weil, Labouisse, Friedrichs

Incorporated

April 26, 1978

August 1, 1978 33