Abstract
ONE OF THE MAJOR developments of our time is the ability of corporations to exploit mineral resources in almost any part of the ocean. This development is challenging fundamental concepts of international law and is influencing the formulation of new rules in relation to the exploitation and distribution of benefits derived from seabed resources. Of major interest is the mining of manganese nodules. The latter, composed of nickel, copper, cobalt, iron ore, and other minerals are potato-sized, irregular in shape, and brownish black in color and are found on the ocean floor beyond the 200 mile economic zone and therefore generally beyond the legal jurisdiction of any state. Future exploitation of them has touched off an extremely significant debate in the United Nations and elsewhere. This article examines how a combination of intricate political-
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