<div class=newsTextDataWrapInner><p>SINGAPORE (June 16): Ocean Mineral Singapore, majority-owned by Keppel Corp, announced it has entered into a 15-year contract with the International Seabed Authority (ISA) to explore polymetallic nodules within the Clarion-Clipperton Fracture Zone of the Pacific Ocean.</p></div>

<div class=newsTextDataWrapInner><p>Polymetallic nodules contain copper, nickel, cobalt and manganese, as well as rare earth minerals, and have the potential of supplying these key metals to meet growing global demand in applications as diverse as construction, aerospace and alternative energy.</p></div>

<div class=newsTextDataWrapInner><p>OMS will be the first Singaporean company to be awarded such an exploration contract.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Supported by the Keppel-NUS Corporate Laboratory, OMS will be conducting environmental studies and surveys for deposits of polymetallic nodules within the approved area of 58,000 square kilometres, which is 80 times the size of Singapore.</p></div>

<div class=newsTextDataWrapInner><p>OMS's other shareholders are UK Seabed Resources, a wholly owned subsidiary of London-based Lockheed Martin UK Holdings, and Singapore-based private investment company Lion City Capital Partners.</p></div>


SINGAPORE (June 16): Ocean Mineral Singapore, majority-owned by Keppel Corp, announced it has entered into a 15-year contract with the International Seabed Authority (ISA) to explore polymetallic nodules within the Clarion-Clipperton Fracture Zone of the Pacific Ocean.

Polymetallic nodu...

Keppel's Ocean Mineral Singapore awarded contract for seabed exploration

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<p>(Dec 22):&nbsp;One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.</p>


<p>(Dec 22):&nbsp;Indonesia claimed victory after Apple Inc offered to increase its investment in the country to US$1 billion (RM4.50 billion) to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.</p>


<p>(Dec 22):&nbsp;Singapore Post Ltd (SingPost)&nbsp;fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.&nbsp;</p>


<p>(Dec 22):&nbsp;Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.</p>


<p>SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.</p>


<p>BENGALURU (Dec 22): Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the <em>Financial Times</em>&nbsp;(<em>FT</em>) in an interview published on Sunday.</p>


<p>BENGALURU (Dec 22): Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, <em>Nikkei Asia </em>reported on Sunday, citing sources.</p>
